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
Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
1. |
Loan purpose |
Energy efficient renovation of residential real property. |
2. |
Eligibility |
RA residents aged 18– 63 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. |
3. |
Location of the real property |
Entire territory of Armenia, except the Kentron community of Yerevan |
4. |
Loan currency |
AMD |
5. |
Loan amount |
AMD 275,000 – AMD 3,000,000 |
6. |
Loan repayment period |
60 - 84 months |
7. |
Nominal interest rate per annum |
12.5% |
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. |
9. |
Loan repayment method |
«Annuity» or «Flexible» A 6-month grace period may be granted with monthly interest payment only. |
10. |
Loan security |
Surety of third party(parties) (if appropriate) |
11. |
Insurance |
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12. |
Other conditions |
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13. |
Preconditions for loan approval |
At least 40% of the loan amount must be used for energy-efficient improvement of the residential property and purchase of relevant materials/accessories, including up to 20% of the loan amount may be used for purchasing energy-efficient household appliances (the list of energy-efficient materials/accessories acceptable for the Program and their mandatory amounts are set forth in Practical Manual developed for the Program). At least 80% of all the measures must be justified by documents supporting the relevant payments. 100% of energy-efficient measures must be supported by documents confirming the relevant payments. |
14. |
Timeline for making decision on loan application approval or rejection |
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