Terms
tariffs
AMD
300,001-5,000,000 AMD
60-84 months
14%
14.94%-18.85%
• Up to 1,000,000 AMD – no guarantor required,
• From 1,000,001 to 5,000,000 AMD – 1 guarantor required, no guarantor required only in case of purchasing energy-efficient products.
In all cases where the client does not wish to present a guarantor, the property being renovated may be pledged.
0,1% daily
0,13% daily
Not available
Annuity
/Equal monthly payment of principal and interest/
70% of the market value of the property
The appraisal of the collateral is carried out exclusively by companies cooperating with the Bank.
Not required
• Individuals who are citizens of the Republic of Armenia aged 18–70, as well as their family members.
• If during the loan servicing period the borrower/co-borrower reaches the age of 70 and 70% of the loan principal has been repaid, the application is not subject to rejection.
"National Mortgage Company"
Energy-efficient renovation of apartments and individual residential houses
(The energy-efficient renovation object is an apartment in a multi-apartment building or an individual residential house located in the territory of the Republic of Armenia)
Not available
Not available
DTI ≤ 60%
RA citizen with property ownership in the Republic of Armenia
Annuity
/Equal monthly payment of principal and interest/
• The total number of overdue days for loans (active and repaid) during the last 12 months must not exceed 30 days.
• At the time of making the loan decision, the active loan obligations must not be overdue and/or classified as non-performing.
• At the time of making the loan decision, the active guarantees must not be overdue and/or classified as non-performing.
If the outstanding obligation on any one loan does not exceed 1,000 (one thousand) AMD, that loan is not considered overdue.
Statement on restrictions – 10,000 AMD
State registration fee for the right – 26,000 – 52,000 AMD
Notarial certification fee – 12,000 – 30,000 AMD
Appraisal fee for the pledged property – 15,000 – 25,000 AMD
Regardless of the rates of the fees of the third parties mentioned in these conditions, the payments for the services provided by them may be subject to change.
Loan disbursement method:
non-cash
Place of loan issuance:
In all branches of the bank
ATTENTION: THE LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL PERCENTAGE RATE (APR) SHOWS HOW MUCH THE LOAN WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE ESTABLISHED TERMS AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE APR IS AVAILABLE ON THE BANK’S OFFICIAL WEBSITE.
ATTENTION: IF YOU FAIL TO FULFILL YOUR OBLIGATIONS OR FULFILL THEM IMPROPERLY, THE BANK SHALL, WITHIN 3 BUSINESS DAYS, SUBMIT SUCH INFORMATION TO THE ACRA CREDIT BUREAU AND THE CBA CREDIT REGISTER, WHERE YOUR CREDIT HISTORY IS FORMED. YOU HAVE THE RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM THE CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.
ATTENTION: A NEGATIVE CREDIT HISTORY MAY HINDER YOUR ABILITY TO OBTAIN A LOAN IN THE FUTURE.
In case of early repayment of the loan by the customer, the loan interest is reduced proportionally, as well as service fees, if any, if the latter is accrued on a daily basis, and payments made to third parties are not subject to reduction.
The terms, terms and tariffs for providing statements, their copies, references and other information are published on the Bank's Other Services Tariffs page: https://fastbank.am/hy/more/other.