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Beneficial Terms from ARMBUSINESSBANK for Purchasing an Apartment in a Newly Built Housing Estate

 

ARMBUSINESSBANK offers favorable and flexible mortgage lending conditions to purchase real estate at Tevosyan 1/3 street, Nor Nork administrative district, Yerevan.

As part of the development project, "Living Residence" LLC offers prices below the market value.

The three-building multifunctional complex of not more than 16-storeys located at Tevosyan 1/3 street,  Nor Nork administrative district, Yerevan shall have landscaped and improved area  of 2,930 square meters, three-storeyed underground parking lot, playgrounds.

The new housing complex located in close vicinity to various infrastructures is built in an ecologically clean area, and the buildings have high earthquake resistance.

The annual nominal interest rate on mortgage loans offered by ARMBUSINESSBANK for purchase of an apartment is set to be13.9%, while the effective interest rate ranges from 14.9% to 15.5 %. A possibility of income tax refunds is offered.

Mortgage loan can be issued in the amount of  5-150 mln AMD with a repayment period of 1.5-20 years.

It is planned to complete the construction of the housing complex in March, 2025

You can find out more details about the lending terms by visiting any of ARMBUSINESSBANK branches or the "Mortgage Loans" section of the official website.

 

ARMBUSINESSBANK is controlled by the Central Bank of Armenia

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In case of any inconsistency between the information published in Russian and English, you need to be guided by Armenian version.
“ARMBUSINESSBANK” CJSC is not liable for the accuracy of the content of any linked websites, as well as for the advertisements and possible consequences resulted from the use of information provided on the linked websites by the third parties.
Neither is "ARMBUSINESSBANK" CJSC liable for the accuracy of the content of information linked on the websites of third parties about the terms and fee schedule for the services rendered by the Bank.

Official page address of "ARMBUSINESSBANK" CJSC on Facebook: https://www.facebook.com/armbusinessbankofficial
Official page address of "ARMBUSINESSBANK" CJSC on Instagram: https://www.instagram.com/armbusinessbank_official
www.armbusinessbank.am

The Bank is controlled by the Central Bank of Armenia

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