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 section of the official website. "Mortgage Loans"