Under the frames of cooperation with

“National Mortgage Company” CJSC

Under the frames of “Housing for Young Families” state program Proper resources
Loan purpose
  • residential real estate purchase
  • residential real estate construction
  • residential real estate reconstruction
  • residential real estate acquirement
  • residential real estate purchase
  • residential real estate reconstruction
  • residential real estate construction
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%
  • Yerevan- 9.5% (2% subsidized)
  • RA regions - 10.5% (4% subsidized
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
  • 15 000 000 AMin case of renovation
  • 25 000 000 AMD in case of construction
- 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
  • Evaluation of pledged residential real estate by independent assessment company
  • Annual insurance of pledged residential real estate from physical loss-0.2-0.22% interest rate per annum against property value (loan amount residual in case of own recources)
  • Annual insurance from borrower’s casualties – 0.2-0.22% interest rate per annum from loan amount
Additionalconditions  
  • Cumulative maximum age of spouses – 60 years old, each one not older than 35
  • Purchasable real estate's selling price's maximum value- 16 000 000 AMD
  • Purchasable real estate's maximum evaluated market value – 16 500 000 AMD
 

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Updated: 23/06/2017 16:10:09