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
Affordable housing for servicemen
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1. |
Loan purpose |
Acquisition of residential real property/right to buy real property in RA territory directly from the property developer. |
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2. |
Eligibility |
The beneficiary aged 18-63 qualifying for the program who during the loan period will not turn 63 or the loan will be shared by а co-borrower - member of the same family who meets this requirement. |
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3. |
Loan currency |
AMD |
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4. |
Loan amount |
AMD 2,000,000 - AMD 25,650,000 but not more than 90% of the real property value. |
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5. |
Loan repayment period |
120 - 180 months |
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6. |
Nominal interest rate per annum |
11% |
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7. |
Interest rate subsidized by government |
5% |
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8. |
Down payment financed by the government |
AMD 2,500,000 |
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9. |
Loan repayment method |
Monthly annuity payments |
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10. |
Loan security |
The residential real property to be purchased. For an apartment or single-family home under construction, the loan should be secured by the entire loan amount transferred to the developer’s special account and the right to purchase the real property until registration of title to the real property; thereafter the loan will be secured by the real property. |
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11. |
Loan-to-value ratio |
The calculation of the Loan-to-value ratio will be based on either the acquisition value or appraisal value of the real property, whichever is less. No limitations are set for acquisition value and appraisal value of the real property. |
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12. |
Mandatory insurance |
Insurance of pledged real property (at the amount of loan balance) and borrower’s and co-borrowers’ life insurance (at the amount of loan balance). |
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13. |
Loan disbursement method |
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14. |
Penalty for early loan repayment |
Not applicable |
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15. |
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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16. |
Other provisions |
The cases falling outside these terms, will be regulated based on the provisions and terms as specified in STATE PROGRAM ON ASSITANCE FOR ACQUISITION OF APARTMENT OR SIGNGLE-FAMILY HOME OR CONSTRUCTION OF SIGNLE-FAMILY HOME BY CONTRACTUAL MILITARY OFFICERS AND NON-COMMISSIONED OFFICERS. |
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17. |
Timeline for making decision on loan application approval or rejection |
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