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)
Mortgage loans under the State Support Program for housing affordability for families in border settlements of the Republic of Armenia
1. |
Eligibility |
RA residents and non-residents aged 18– 63 who during the loan period will not turn 63 or the loan will be shared by a co-borrower who meets these requirements. |
2. |
Border settlement |
A rural settlement included in the "List of Settlements of Border Communities Receiving Social Assistance" approved by Annex 1 of decision # 1444-N of the RA Government of December 18, 2014. |
3. |
Program beneficiaries |
RA residents specified in Government decision #842-L of June 9, 2022 |
4. |
Loan purpose |
Construction/completion of construction of single-family homes in rural settlements of border regions |
5. |
Loan currency |
AMD |
6. |
Loan amount |
AMD 2,000,000.00 – AMD 16 ,000,000.00 |
7. |
Loan repayment period |
120 months |
8. |
Nominal interest rate per annum |
13% |
9. |
Minimum and maximum support amount |
The support amount for construction (completion of construction) of single-family homes – for monthly repayment of mortgage loan principal amount – up to AMD 16 million in total, for interest payment – up to 13%. |
10. |
Penalty for early loan repayment |
Not applicable |
11. |
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. |
12. |
Loan security |
The land lot under development/the property under construction |
13. |
Insurance |
Not applicable |
14. |
Loan disbursement method |
Non-cash, in several tranches, according to the terms of the state support program |
15. |
Bank fees and charges |
Not applicable |
16. |
Creditworthiness assessment |
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If the loan amount exceeds the maximum amount of state support, creditworthiness assessment will be implemented pursuant to the Bank procedure, and the income/cost ratio (OTI) may equal 100% at most. |
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17. |
Timeline for making decision on loan application approval or rejection |
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18. |
Other provisions |
The cases falling outside these terms, will be regulated based on the provisions and terms as specified by Government decision #842-L of June 9,2022. |