About us
Tariffs
Loans to individuals

Individual loans provided to individuals by products / Terms and Tariffs /

Affordable housing for servicemen

1.	Loan purpose	Acquisition of residential real property/right to buy real property in RA territory directly from the property developer.
2.	Eligibility	The beneficiary aged 18-63 qualifying for the program who during the loan period will not turn 63 or the loan will be shared by а co-borrower - member of the same family who meets this requirement.
3.	Loan currency	AMD
4.	Loan amount	AMD 2,000,000 - AMD 25,650,000 but not more than 90% of the real property value.
5.	Loan repayment period	120 - 180 months
6.	Nominal interest rate per annum	Nominal	Actual
		11%	7.52%
7.	Interest rate subsidized by government	5%
8.	Down payment financed by the government	AMD 2,500,000
9.	Loan repayment method	Monthly annuity payments
10.	Loan security	The residential real property to be purchased. For an apartment or single-family home under construction, the loan should be secured by the entire loan amount transferred to the developer’s special account and the right to purchase the real property until registration of title to the real property; thereafter the loan will be secured by the real property.
11.	Loan-to-value ratio	The calculation of the Loan-to-value ratio will be based on either the acquisition value or appraisal value of the real property, whichever is less. No limitations are set for acquisition value and appraisal value of the real property.
12.	Mandatory insurance	Insurance of pledged real property (at the amount of loan balance) and borrower’s and co-borrowers’ life insurance (at the amount of loan balance).
13.	Loan disbursement method	Non-cash, in a lump-sum
14.	Penalty for early loan repayment	Not applicable
15.	Penalty charged for late payment of loan principal and/or interest	For past due principal - 0,015 % per day, For past due interest - 0,1 % per day.
16.	Other provisions	The cases falling outside these terms, will be regulated based on the provisions and terms as specified in STATE PROGRAM ON ASSITANCE FOR ACQUISITION OF APARTMENT OR SIGNGLE-FAMILY HOME OR CONSTRUCTION OF SIGNLE-FAMILY HOME BY CONTRACTUAL MILITARY OFFICERS AND NON-COMMISSIONED OFFICERS.
17.	Timeline for making decision on loan application approval or rejection	The decision on approving or declining the loan application will be made within 10 (Ten) business days upon submission of the entire package of required preliminary documents, The loan will be provided within 2 (two) business days after the approval of the loan application and completion of property pledging procedure.