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Services
SEF International disburses loans for renovation and rebuilding of apartments and houses with 15%  interest rate, USD 1,000 - 20,000 loan amount. 
 
Services
Loan for renovation and rebuilding of apartments and houses, improvement of the living conditions

Conditions Description
Borrower Individual
Target House renovation, rebuilding, improvement  of living conditions
Application fee AMD 2500 (including VAT)
Currency of the credit  USD
Credit amount USD 100 - 20 000
Loan maturity For loans and credit lines tranches, 3-48 months
For credit lines , up to 60 months
Nominal  interest rate  15%
Periodic repayments of credit amount and interest amount Monthly
Loan repayment methodology
  • Repayment of the loan and interests shall be performed on annuity basis (equal monthly installments – principle + interests).
  • The interest rate shall be applied towards the reducing balance.
Security (colloteral) type
  • Collateral of real estate being renovated
  • As a collateral are taken only real estates that are located in RA cities and Yerevan town's surrounding areas (not more than 30 km far from Yerevan). 
Loan/collateral ratio 70%
One-off loan up-front fee  2 % (including VAT), payed at the loan disbursement
Monthly service payment 0,2%  (including VAT). In the case of prepaid loans, the fee is charged according to the number of days used
Repayment of overdue liabilities For each delayed day a penalty in the amount of 0.3% of the overdue amount shall be accrued starting from the first overdue day Borrower must pay a charge for each overdue payment: -In cases of loan contracts up to  AMD 2000,  AMD 3000
-In cases of loan contracts for  USD 2001- 3500,  AMD 5000 
- In case of loan contracts for  USD 3501- 5000,  AMD 7500
-  In case of loan contracts for  USD 5001- 7000,  AMD 10000
- In case of loan contracts for more than   USD 7001,  AMD 15000 In case of failing the obligations, if collateral is not enough  to fullfill the obligation, obligation  can be fullfilled by other property owned.   ATTENTION YOUR PROPERTY MAY BE EXPROPRIATED, IF YOU FAIL TO MAKE REPAYMENTS OF YOUR LOAN AND INTERESTS ON TIME.

ATTENTION

IF YOU FAIL TO MAKE THE REPAYMENTS ON TIME THE INFORMATION ABOUT YOU SHALL BE REGISTERED IN THE CREDIT REGISTER.
Conditions of early (including partial) loan repayment In case the borrower pays off the loan fully during 4 months after loan disbursement, fee is charged in amount of 1 % of early paid amount.
Credit disbursement methodology • Bank transfer to the borrower’s bank account number either to SEF’s transit account or by bank check .
Approval period 7 working days
Factors impacting the loan extension • Credit history
• Capacity of paying the loan and interest amounts, credit risk
• Compliance with SEF’s requirements of internal regulations
Loan disbursement period Loans are disbursed when the loan agreement and its security are properly ratificated and after the registration of  the rights arising from the contract is varified by the reponsible body, within one day, unless otherwise specified agreement between the Company and the Customer. 
Fluctuations of the foreign currency rate may impact the loan repayments.

Sample Loan Repayment Schedule

Credit amount
 (USD)
Loan maturity
12 months 24 months 36 months 48 months
Monthly repayment rate
3000 276.77 151.46 110.00 89.49
5000 461.29 252.43 183.33 149.15

For foreign currency loans the interest rates, late payment  charges, as well as loan disbursement and service fees are paid in AMD, according to the law about Armenian dram currency regulation and foreign exchange control.

Documents required for loan disbursement:

  • Loan application
  • Original and photocopy of borrower’s passport
  • Original and photocopy of borrower’s social security card or certificate about it’s absence
  • Certificate from borrower’s residantion about family members
  • Statement of costs of the flat’s (house’s) renovation (rebuilding) subscribed by the borrower
  • Ownerdhip certificate for collateral
  • Certificates for other property owned 
  • Loan officer may require other documents concerning borrower’s solvency/credibility

FINANCIAL ASSISTANT
www.abcfinance.am
Branches & Offices

Artik Branch
Tonakanyan street 7/3
Artik
Vanadzor Branch
Tigran Mets avenue 59/1
Vanadzor
Ararat Branch
Ogostos 23 79 b
Artashat
Vayots Dzor Branch
4/02 Paruyr Sevaki Street
Yeghegnadzor
All Branches
Updated: 09.03.2017(16:46)
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Company takes no responsibility for preciseness and genuineness of the contents, advertisements and possible consequences arising from use of information placed in the referenced web sites.
© SEF INTERNATIONAL. 2011 - ALL RIGHTS RESERVED