NATIONAL MORDGAGE LOANS

Real estate development

AMD

3,000,000-60,000,000 AMD

120-240 months

* For acquisition or development loans exceeding AMD 35,000,000 and/or where the debt-to-income ratio is 45%-60%, the interest rate is set at 15.5% and 16.5%, respectively, and in the case of renovation, at 16% and 17%.
** If the loan meets the energy efficiency criteria, the interest rate goes down by 0.5 percentage points, with the exception of the “Jerm Ojakh” loan type. 
*** In the case of Property Acquisition (when the collateral is the title, or in case of installment loan) and development loans, the loan interest rate goes up by 3 percentage points, respectively, until the loan is refinanced.

120-180 months - 13%*
181-240 months - 14%*

* For acquisition or construction loans exceeding AMD 35,000,000 and/or where the debt-to-income ratio is 45%-60%, the interest rate is set at 15.5% and 16.5%, respectively, and in the case of renovation, at 16% and 17%.
** If the loan meets the energy efficiency criteria, the interest rate goes down by 0.5 percentage points, with the exception of “Jerm Ojakh” loan type.
*** In the case of Property Acquisition (when the collateral is the title, or in case of installment loan) and development loans, the loan interest rate goes up by 3 percentage points, respectively, until the loan is refinanced.

• Real estate being acquired
• Other collateral may be required

! (The Mortgage Agreement is notary certified)

0.1% daily

0.13% daily

None

•    The borrower has the right to repay the loan in full or in part before the due date.

•    No early repayment penalty is applied.

    Annuity 

/equal monthly payment of principal and interest/

                    •    70% of the assessed market value of the property,
                     •    Or 90%, if:
 

1․ Additional residential real estate is pledged, and the loan amount cannot exceed 70% of the total value of the real estate, or

2․ There is liability insurance in the amount of the difference between 30% of the estimated market value of the residential real estate being purchased and the down payment of 10% or more made by the Borrower
 

                •    70% of the market value of the property

Also, in case of a difference between the estimated market value of the Property and the purchase price, the smaller of amounts shall be taken into account.

The collateral is appraised by an independent property appraisal agency cooperating with the Organization

• Insurance of the real estate being acquired
•     Accident insurance of a borrower
•     No down payment insurance (if necessary)
   

! Insurance coverage is provided for the outstanding loan balance in favor of the Bank throughout the entire term of loan.

Citizen and resident individual of the Republic of Armenia aged 21-65, whose age at the loan repayment end date does not exceed 65.

RA citizen and resident individual aged 18-65.

Co-borrowers may be the Borrower's father, mother, spouse, spouse's parents, grandparents, siblings, children, sibling's spouse and children.