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)
- Gold mortgage (pawnshop) loans with credit rating
- Overdrafts with payment cards (credit cards)
- Credit limit provided by Visa Infinite payment cards
- Evolution
- Credit limit secured by funds
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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”)
- 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
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. |