For Individual Clients

What is equity credit limit?

It is a credit limit approved based on real estate and creditability indicators. Once your limit is approved, you can get loans, credit lines and overdrafts within it without further review of your credit file.

3 reasons why to choose this loan facility

REASON #1: it is fast

If you are not sure about the amount you need at this moment, you don’t have to worry about going through a new lending procedure each time to get a new loan.
If you have a pre-approved credit limit, you can apply to the bank at any time and receive the amount you need within a short period.

REASON #2: it is cost-efficient

You only need to pay notary and cadaster fees once when the credit limit is approved and then you are free to utilize amounts within your limit at any time without extra payments.

REASON #3: it is easy

If you do not have time or cannot submit documents required for getting a loan at the given moment, this credit facility provides you with a possibility to do that.

The credit limit can be opened without creditability analysis in the amount of up to 30% of the appraised liquidation value of pledged property, and in the amount of up to 70%, if creditability analysis is performed.


Choose the terms which suit you best

• If creditability analysis is performed, the maximum credit limit is AMD 50,000,000 or foreign currency equivalent; maximum LTV ratio for:
  
  • Real estate located in Yerevan – 70% of the liquidation value of property
  •  Real estate located in other regions acceptable for the bank – 60% of the liquidation value of property
•  If no creditability analysis is performed, the maximum credit limit is AMD 20,000,000 or foreign currency equivalent; maximum LTV ratio for:
  
  • Real estate located in Yerevan – 30% of the liquidation value of property
  • Real estate located in other regions acceptable for the bank – 20% of the liquidation value of property

Start building your good credit history right now.

For more information please click here.

Loan Service Fees