IDBank offers relending of mortgage loans for real estate purchase or renovation
starting from an annual interest rate of 10.87%.
In the case of loans in the amount of AMD 15,000,000 and more, the expenses incurred by the Bank for pledge are:
- Collateral Assessment Fee (Evaluation by the valuation firms cooperating with the Bank is not required if the property is already pledged to the Bank and was assessed within 12 months preceding the submission of the application, and if it is pledged in other banks /credit institutions, during the previous 6 months) ,
- Fee for a single certificate issued by the State Committee of the Real Estate Cadaster under the RA Government*,
- Notary certification fee of real estate as a subject of pledge;
- Bank's right registration fee in the State Authorized Body, originating from the collateral agreement *
* When paying commissions for a single certificate issued by the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia, and for registering the Bank's rights in a state authorized body arising from a pledge agreement, through
the program ARPIS, operating in the Bank, reference fee is not charged.
The above mentioned expenses for pledging can be made by the customer or the Bank. Moreover, if the bank implements the expenditures and the borrower fully repays the loan within 24 months following the transfer, the borrower should compensate the expenses incurred by the Bank mentioned in this paragraph.
For more details, please visit: https://www.idbank.
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