Mortgage Loans
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Under the frames of cooperation with “National Mortgage Company” CJSC |
Under the frames of “Housing for Young Families” state program | Proper resources | |
| Loan purpose |
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| Lending territory | Mainly Yerevan, Abovyan, Echmiatsin, Masis, Ashtarak | ||
| Loan currency | AMD | AMD, USD | |
| Lending term | 120 – 240 months | 120-240 months | 1 – 180 months |
| 60-180 months for residential renovation | |||
| Annual interest rate | In case of residential real estate purchase | ||
| 13% |
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15 – 17% | |
| Residential real estate renovation/construction | |||
| 14% | 16 – 18% | ||
| Prepayment (minimum) | In case of purchase of residential real estate | ||
| 30%, in case of pledge of additional property 10% | 30%, in case of purchase of other property, if the later is purchased in RA regions 10% | 20% | |
| Loan’s marginal amount | In case of residential real estatepurchase | ||
| 25 000 000 AMD | 11 000 000 AMD | 80 000 000 AMD | |
| Repair/construction of residential real estate | |||
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- | 20 000 000 AMD | |
| Loan /collateral value marginal ratio | Residential real estaten purchase | ||
| 70%, 90% in case of additional property collateral | 70%, 90% in case of additional proparty collateral in RA regions | 80% | |
| Residential real estate renovation/construction | |||
| 50% | - | 50% | |
| Loan and interest payments | Schedule of monthly equal repayments (annuaities) | ||
| Preterm repayment fine | In the course of the 1st year to the extent of 3% of the amount repaid prior to the repayment date | ||
| Application review fee | 5 000 ՀՀ AMD | ||
| Loan service fee | Loan amount's 0.7% minimum 30 000 AMD, maximum 100 000 AMD | ||
| Decision-making | Within 3 working days after presentation of required documents | ||
| Necessary conditions |
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| Additionalconditions |
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