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)
Mortgage loans within the framework of the program on National Mortgage Company
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– 58 who earn their income primarily in Armenia and 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
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Real property acquisition, construction |
AMD 2,000,000- AMD 35,000,000 |
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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 |
120 – 240 months |
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Renovation |
60 – 84 months |
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6. |
Nominal interest rate per annum |
Real property acquisition |
13% |
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Real property construction |
13% |
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Renovation |
13 % |
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If the Bank makes a down payment for the borrower, and pays for the borrower’s life insurance and property insurance, (started the second year of the loan period) |
Mentioned interest rate + 0.6% |
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If the Bank pays for the borrower’s life insurance and property insurance, (started the second year of the loan period) |
Mentioned interest rate + 0.4% |
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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 |
The property to be purchased, renovated, other property. In case of construction, the land lot under development/the property under construction, if necessary, other residential property. |
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11. |
Maximum acquisition and appraisal value of real property |
AMD 55,000,000 /only for acquisition of real property |
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12. |
Loan-to-value ratio |
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13. |
Insurance |
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14. |
Loan disbursement method |
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15. |
Other conditions |
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16. |
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] At the amount of difference between the property acquisition value and loan amount.