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
Housing mortgage loans
1. |
Loan purpose |
Loans will be provided for acquisition or renovation of residential property, including apartment, single-family home, residential house (both in primary and secondary market), as well as for construction of a single-family home, residential house. Approval of the renovation and construction loans will be based on the estimated cost. |
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2. |
Eligibility |
RA 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. |
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3. |
Loan currency |
AMD |
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4. |
Loan amount |
Real property acquisition, construction |
AMD 2,000,000 – AMD 80,000,000 |
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Renovation |
AMD 1,000,000 – AMD 10,000,000 |
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5. |
Loan repayment period |
Real property acquisition, construction |
60 - 180 months |
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Renovation |
60 - 84 months |
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6. |
Nominal interest rate per annum |
14%-17% |
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If the borrower's property insurance is bought and paid by the bank (implemented started the second year of the loan period) |
Mentioned interest rate + 0.2% |
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7. |
Penalty for early loan repayment |
Not applicable |
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8. |
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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9. |
Loan repayment method |
Annuity or equal principal payments to be made on a monthly basis. |
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10. |
Loan security |
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11. |
Loan-to-value ratio[1] |
Acquisition in primary market (from developer)[2] |
Up to 90% of the appraised value[3] |
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Acquisition in secondary market |
Up to 85% of the appraised value[4] |
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Construction and renovation |
Up to 70% of the appraised value |
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12. |
Insurance |
Real property insurance is to be implemented every year at the amount of the loan balance. |
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13. |
Loan disbursement method |
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14. |
Other 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.
[2] In case of unfinished construction (buying from a property developer) the collateral value is the purchase price indicated in the statement by the property developer and thereafter mentioned in real property purchase agreement.
[3] If the customer has a foreign currency loan, then up to 70% of the appraised value.
[4] If the customer has a foreign currency loan, then up to 70% of the appraised value.
[5] At the amount of difference between the property acquisition value and loan amount.