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, Affordable Housing for Young Families
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Primary market |
Secondary market |
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Loan purpose
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The loan is provided to young families for purchasing (and permanently residing) of an existing residential property or a residential property that is under construction. |
The loan is provided to young families for purchasing (and permanently residing) of existing (completion rate of 80% or higher) residential property. |
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Who can apply |
RA citizens or non-RA citizens whose spouse is RA citizen. The total age of the spouses should not exceed 70, or a young single parent under the age of 35 (inclusive). Spouse’s family every member can be considered as co-borrower (family members are considered to be wife/husband, borrower’s and his/her spouse’s parents, sisters and brothers). The age of the co-borrowers should not exceed 61. |
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Co-borrower |
Borrower’s spouse and their family members (family members are considered to be wife/husband, borrower’s and his/her spouse’s parents, sisters and brothers). |
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Location |
In the whole territory of RA |
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Loan currency |
AMD |
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Loan repayment period |
120 - 180 months |
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Loan amount and loan to value ration |
a) in addition to pledging the purchased residential house or apartment, that is considered to be the loan security, additional residential property to be pledged, provided that in case of pledging 2 properties (the property to be purchased and additional residential property) the loan amount cannot exceed 80% of the total value of the pledged properties. |
a) in addition to pledging the purchased residential house or apartment, that is considered to be the loan security, additional residential property to be pledged, provided that in case of pledging 2 properties ( the property to be purchased and additional residential property) the loan amount cannot exceed 70% of the total value of the pledged properties. c) There is a mortgage liability insurance signed by the difference of 30% of the purchased property/apartment value and of prepayment of 10% or more made by the borrower |
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Annual nominal interest rate |
6.9% interest rate set up by the Bank which is not being subsidized |
6.9% interest rate set up by the Bank , out of which:
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In case of prepayment by the bank instead of the customer, in case of insurance of the personal accident and property insurance (implemented from the second year of the loan validity) |
Mentioned interest rate + 0.6% |
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Mentioned interest rate + 0.4% |
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The interest rate may be revised every 3 year. |
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Loan provision method |
One-off or in phases. In the meantime in case of phased loan the last phase should be granted given that the property has 80% or more completion. |
One-off |
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Early loan repayment penalty |
No early loan repayment fee is applicable |
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Penalty for loan principal and/or interest overdue |
For overdue principal - 0,015 % daily, |
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Loan payment schedule |
Loan with annuity or with equal principal installments. Payments must be done on monthly basis. |
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Loan repayment security measure |
The property to be purchased |
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The maximum value of the property to be purchased |
Purchase price not more than AMD 30,000,000, meanwhile valuated market price should not be more than AMD 31,000,000. The purchased as well as the valuated market prices are compared with average prices published by the National Statistical Service of RA (with the latest published data) taking into consideration the area and the location of the apartment. Particularly, the multipliers of the property area and the average price of one square meter for the given area should not exceed AMD 31,000,000. |
Purchase price not more than AMD 25,000,000, meanwhile valuated market price should not be more than AMD 26,000,000. The purchased as well as the valuated market prices are compared with average prices published by the National Statistical Service of RA (with the latest published data) taking into consideration the area and the location of the apartment. Particularly, the multipliers of the property area and the average price of one square meter for the given area should not exceed AMD 26,000,000. |
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Insurance |
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Loan provision methods |
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Other terms |
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Deadlines for approving or rejecting loan provision |
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[1] The insurance requirement ceases to exist when as a result of loan payments loan/pledge ratio equals 70% for the apartments purchased from the secondary market (not directly from the constructor) and 80% for the properties purchased from the primary market (directly from the constructor).
[2] By the difference of property purchase price and loan amount.