Individual loans provided to individuals by products / Terms and Tariffs /
- Housing mortgage loans
- Housing mortgages with floating interest rate
- Commercial mortgage loans
- Mortgage loans within the framework of the program on National Mortgage Company
- Mortgage loan (within the framework of the program of National Mortgage Company RCO CJSC Housing Mortgage Financing, 4th Phase)
- Renovation loans / within the framework of the programs of the National Mortgage Company, Jerm Ojakh (“Warm House”)
- Mortgage loans, Affordable Housing for Young Families
- Car purchase loan
- Property secured personal installment loan (with creditworthiness assessment)
- Property secured personal installment loan (without income)
- 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)
- Overdrafts with payment cards (credit cards) for Bank’s customers
- Credit limit provided by Visa Infinite payment cards
- Combined credit line terms in the framework of payroll projects
- Loans in the framework of Renewable Energy and Energy Saving programs
- Housing mortgages for non-resident individuals
- Credit limit provided by Visa Vision payment cards
- Loans for the purchase of a car within the framework of cooperation agreements
- National Mortgage Company Energy Efficiency Improvement Repair Loans "My Roof"
- Evolution
- Action
- Residential Energy Efficient Loans under National Mortgage Company Program
- Credit limit secured by funds
Mortgage loans within the framework of the program on National Mortgage Company
Loan purpose |
Loan is provided for the purchase or renovation of residential properties, including apartment, house, private house, residential house (both from primary and secondary market), as well as for construction of a private or residential house. For renovation and construction loan provisions cost estimation of anticipated expenses is taken into consideration. |
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Who can apply |
Individual resident of RA between the age of 18-58 whose main source of income is within RA and whose age will not exceed 63 years throughout the loan service period or have a co-borrower meeting the above criteria throughout the loan service period. |
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Loan currency |
AMD |
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Loan amount
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Property purchase, |
AMD 2,000,000- 35,000,000 |
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Renovation |
AMD 1,000,000- 10,000,000 |
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Loan repayment period |
Property purchase, |
120 – 240 months |
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Renovation |
60 – 84 months |
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Annual nominal interest rate |
Property purchase |
AMD 2,000,000- 35,000,000 |
13% |
Construction |
AMD 2,000,000- 35,000,000 |
13% |
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Renovation |
13% |
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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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In case of property and accident insurance by the bank instead of the customer (implemented from the second year of the loan) |
Mentioned interest rate + 0.4% |
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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 that is being purchased, renovated, other residential property. In case of construction, the land plot where the property should be constructed/the property under construction and additional residential property.
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Estimated maximum market value of real estate acquisition |
55,000,000 AMD / only in case of real estate acquisition / |
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Loan to value ratio |
1. Not higher than 70% of the residential property value [1] |
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Insurance |
1. Insurance of the pledged property 1. Accidental death insurance policies for the Borrower and co-borrower/s (if applicable). Moreover, in case of presence of co-borrower/s, payment for accidental death insurance is debited from the loan amount in proportion to Borrower’s and co-borrower’s income. |
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Loan provision methods |
· Non-cash – the amount is transferred to the seller’s account |
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Other terms |
· In case of property purchase the Borrower credits prepayment [2] on the Bank’s account, which is being frozen till loan disbursement |
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Deadlines for approving or rejecting loan provision |
· The decision to approve or reject the loan is made within 10 (ten) working days maximum, after fully providing all the initial documents requested by the Bank. |
[1] Loan to value ratio is calculated based on the lower value as per property’s valuation act or purchase price
[2] By the difference of property purchase price and loan amount