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)
Housing mortgages with floating interest rate
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 markets), as well as for construction of a single-family home, residential house. |
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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 |
2,000,000 - 80,000,000 |
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Renovation |
1,000,000 - 10,000,000 |
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5. |
Loan repayment period |
Real property acquisition, construction |
60 - 240 months |
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Renovation |
60 - 84 months |
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6. |
Nominal interest rate per year [1] |
Real property acquisition, construction |
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Started at 13.2% (fixed component: started at 4.2% + variable component) |
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Renovation |
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Started at 14.2% (fixed component: started at 5.2% + variable component) |
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Maximum and minimum range of fluctuation of floating interest rate |
+4% |
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The variable component of the floating interest rate will be revised starting the first due date following the 36-month period (for renovation loans – 12-month period) after the loan origination and every 6 months afterwards using the interest rate applicable in the Bank at the time of revision. You can get acquainted with the procedure for calculating the floating interest rate here. |
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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 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[2] |
Acquisition in primary market (from developer)[3] |
Up to 90% of the appraised value[4] |
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Acquisition in secondary market |
Up to 85% of the appraised value [5] |
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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] If the insurance of the customer’s property is implemented by the Bank rather than the customer (will be implemented started the second year of the loan period) – mentioned interest rate + 0.2%.
[2] In calculating the Loan-to-value ratio, we take into consideration either the real property appraisal or acquisition value, whichever is less.
[3] 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.
[4] If the customer has a foreign currency loan, then up to 70% of the appraised value.
[5] If the customer has a foreign currency loan, then up to 70% of the appraised value.
[6] At the amount of difference between the property acquisition value and loan amount.