Unibank has launched a new mortgage loan for purchase of apartments on 51/2 Paruyr Sevak street in Yerevan (new building with comfortable flats), with the possibility to be given without prepayment.

The bank noted that the payment term of GSF loan is up to 20 years, the annual interest rate – from 9.95%.

One of the two currencies may be chosen- AMD or USD. It’s possible to buy a flat in a new apartment-house without prepayment or with a small sum of money- up to 30%, providing the loan with additional collateral. If the prepayment makes more than 30% of the housing, additional collaterals are not needed.

The mortgage loans without prepayment are addressed to people with stable income who still don’t have big savings for initial fees.

“The flexible approach to the solution of the borrowers’ problems is one of our main privileges providing us with a strong position in the market of mortgage loans. That’s a good option for those who want to make their living space bigger and to move from the old small flat into a more spacious one, in a new-built apartment-house. By the way, you purchase the apartment from the builder, consequently the state will pay back the mortgage interest from the amount of income taxes paid by you. Another advantage is the fast loan processing, which also will please the clients,” comments Gurgen Ghukasyan, Director for Retail Business Promotion and Sales.

“The figures show best the clients’ trust towards Unibank: the number of mortgage loans given by the bank is continually increasing. In this half of the year, Unibank has provided by 55% more money for mortgage loans than in the analogical period of 2017. As of June 30, 2018, the portfolio of mortgage loans issued by Unibank was more than AMD 11.7 billion,” the bank noted.