NATIONAL MORTGAGE LOANS

Real estate acquisition

AMD

AMD 3 000 000 – 60 000 000

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 15.5% and 16.5%, respectively, and in the case of renovation, the interest rate is 16% and 17%.
** If the loan meets the energy efficiency criteria, the interest rate goes down by 0.5 percentage point, 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 - 13.8-14.6%
181-240 months - 13.5-15.5%

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)

Minimum 30% of the appraised market value of the property or 10%, if:

1․ additional residential real property is pledged or

2. there is liability insurance amounting to the difference between 30% of the appraised market value of the purchased residential real property and 10 or more percent of the prepayment made by the Borrower

70% or 90% of the assessed market value of the property, 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 pledge is subject to appraisal by an independent property appraisal agency cooperating with the Organization.

Real property insuarance: Purchased/Under construction/Renovated

 Borrower’s accident insurance

! Insurance is provided in the amount of the loan balance in favor of the Organization for the entire period of the Loan validity. 

RA citizen and resident individual 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.