Individual loans provided to individuals by products / Terms and Tariffs /
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- Personal loans secured by property (with creditworthiness assessment)
- Personal loans secured by property (without income source verification)
- Personal loan with guarantee
- Student consumer loans (program)
- Loans with gold pledge (Lombard loan)
- Gold mortgage (pawnshop) loans with credit rating
- Overdrafts with payment cards (credit cards)
- Credit limit provided by Visa Infinite payment cards
- Evolution
- Deposit secured loan / credit limit
- Consumer Loans using Electronic Wallets of Bank Partner Organizations
- EvocaHOME
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- Housing mortgage loans
- Mortgage loans "Affordable Housing for Young Families"
- Mortgage loans within the framework of the program on National Mortgage Company
- Commercial mortgage loans
- Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
- Loans under the State Support Program for Energy Efficient Renovation of Apartments and Single-Family Homes
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
- National Mortgage Company Energy Efficiency Building Loans
- Mortgage loans (under the State support program for providing access to affordable housing to families displaced from certain regions of the Republic of Artsakh)
- Mortgage loans under the State Support Program for housing affordability for families in border settlements of the Republic of Armenia
- Residential Energy Efficient Loans under National Mortgage Company Program
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
- Affordable housing for servicemen under NMC program
- Affordable housing for servicemen
- Mortgage loans (under the State support program for providing access to affordable housing to families displaced from certain regions of the Republic of Artsakh)
Residential Energy Efficient Loans under National Mortgage Company Program
1. |
Eligibility |
RA residents aged 18– 58 who earn their income primarily in Armenia and who will not turn 63 during the loan term otherwise the loan will be shared by a co-borrower who meets these requirements. |
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2. |
Loan currency |
AMD |
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3. |
Loan amount |
AMD 2,000,000 – AMD 45,000,000 |
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4. |
Loan period |
120–240 months |
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5. |
Annual interest rates |
Nominal |
Actual |
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12.5% |
13.38-15.32 % |
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If the Bank makes a down payment for the borrower, and pays for the borrower’s life insurance and property insurance, (started the second year of the loan period) |
Mentioned interest rate + 0.6% |
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If the Bank pays for the borrower’s life insurance and property insurance, (started the second year of the loan period) |
Mentioned interest rate + 0.4% |
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6. |
Penalty for early loan repayment |
Not applicable |
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7. |
Penalty charged for late payment of loan principal and/or interest |
For past due principal - 0,015 % per day, For past due interest - 0,1 % per day. |
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8. |
Loan repayment method |
Annuity or equal principal payments to be made on a monthly basis. |
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9. |
Loan security |
An apartment in the building under construction by a bank partner - property development company with an EE passport or the right of first offer, if necessary, additional residential property. |
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10. |
Maximum acquisition and appraisal value of real property |
AMD 55,000,000 |
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11. |
Loan-to-value ratio |
1. Up to 70% of the value of the residential real property (the right of first offer) [1] 2. Up to 90% of the value of the residential property to be purchased, if additional residential property is pledged as well; besides, if the loan is secured by the property to be acquired together with another item of residential property, the loan amount cannot exceed 70% of the pledged property. 3. The loan amount may equal 90% at most, if the mortgage loan is insured at the amount exceeding the one representing 70% of the Loan-to-value ratio. |
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12. |
Insurance |
1. Insurance of the pledged property /if the completed facility acceptance report is available/. 2. Borrower’s and co-borrower(s) (if any) life insurance policies. If the loan is shared by co-borrower(s), life insurance will be paid from the loan amount in proportion to the incomes of the borrower and co-borrower(s) generated from the loan. 3. Mortgage insurance at the amount exceeding the 70% of Loan-to-value ratio. The mortgage loan insurance should be effective until the borrower makes payment at least equal to the amount exceeding the 70% of the Loan-to-value ratio. |
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13. |
Loan disbursement method |
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14. |
Other terms and conditions |
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15. |
Timeline for making decision on loan application approval or rejection |
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[1] In calculating the Loan-to-value ratio, we take into consideration either the real property appraisal or acquisition value, whichever is less.