Individual loans provided to individuals by products / Terms and Tariffs /
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- Personal loans secured by property (creditworthiness rating)
- 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
- EvocaHOME
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- Housing mortgage loans
- Mortgage loans "Affordable Housing for Young Families"
- Mortgage Loans under the National Mortgage Company program
- Commercial mortgage loans
- Renovation loan under National Mortgage Company
- Loans for EE renovation of apartments and individual dwellings
- National Mortgage Company EE Improvement Repair Loan, My Roof
- Construction loans under the program of the National Mortgage Company
- Mortgage loan to displaced families from Artsakh regions
- Housing mortgages with floating interest rate
- Housing mortgages for non-resident individuals
- Affordable housing for servicemen under NMC program
- Affordable housing for servicemen
- Home renovation mortgage loans from families displaced from Artsakh
Loans for EE renovation of apartments and individual dwellings
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1. |
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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2. |
Loan currency |
AMD |
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3. |
Loan amount |
Renovation of apartment in multi-apartment building |
3,000,000.00 - 7,000,000.00 |
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Renovation of single-family home |
3,000,000.00 - 10,000,000.00 |
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4. |
Loan repayment period |
60-84 months |
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5. |
Nominal interest rate per annum |
Fixed rate |
Subsidy |
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14 % |
The state subsidizes the interest rate of the energy efficient renovation loan for the beneficiaries of the program in the following calculation: 1. for property in border or mountainous settlements, subsidized interest rate will be 14%, 2. for property in non-border rural settlements, subsidized interest rate will be 12%; 3. for property in non-border urban settlements, subsidized interest rate will be 11%; 4. for property in Yerevan, subsidized interest rate will be 9%. |
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6. |
Loan-to-Income ratio (OTI) |
45% |
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7. |
Prepayment penalty |
Not applicable |
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8. |
Penalty for late payment of interest and principal amount |
For past due principal amount - 0,015 % per day, For past due interest amount - 0,1 % per day. |
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9. |
Loan security |
If the borrower has no property-backed loan with the Bank |
AMD 3,000,000 – AMD 5,000,000 |
1. Without pledging real property 2. Surety bond of at least 1 individual |
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AMD 5,000,001 – AMD 10,000,000 |
1. Pledging the property under renovation 2. Surety bond of at least 1 individual |
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If the borrower has a property-backed loan with the Bank |
AMD 3,000,000 – AMD 7,000,000 |
1. Without pledging real property 2. Surety bond of at least 1 individual |
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AMD 7,000,001 – AMD 10,000,000 |
1. Pledging the property under renovation 2. Surety bond, whenever required |
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10. |
Loan-to-value ratio |
Up to 70% of the real property appraised value. |
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11. |
Loan disbursement method |
Non-cash |
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12. |
Bank’s fees |
Not applicable |
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13. |
Insurance |
1. Insurance of the pledged real property covering at least the loan amount. 2. Borrowers’ life insurance to cover at least the loan amount. 3. In case of acquisition of solar panels: insurance of solar panels to cover the cost of solar panel purchasing. |
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14. |
Other provisions |
At least 30% of the loan amount must be used for energy-efficient improvement of the home/apartment and replacement of old household appliances with new ones. The share of household appliances cannot exceed 10% of the total loan amount.
For the past 12 months the number of days past due should not exceed 30.
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15. |
Timeline for making decision on loan application approval or rejection |
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