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.
*The guarantor must have a net income higher than 250,000 AMD.