RA citizenship

Acquisition of an apartment (from the primary or secondary market) or an individual residential house in the Republic of Armenia, or construction of an individual residential house*

Beneficiary of the state housing program for families displaced from certain regions of Nagorno-Karabakh 

AMD

For loan amounts up to                             120 months

 the certificate value:                                      

For loan amounts exceeding               120-240 months

 the certificate value:

AMD 2,000,000-55,000,000
But not more than the amount of support specified in the certificate
If the redemption of the certificate results in a positive balance exceeding 100,000 AMD, it can be used:
1․ For agricultural land acquisition, in the amount of up to AMD 5,000,000;
2․ For renovation of property acquired within the scope of the program, in the amount of up to AMD 4,000,000.

The amount of support is determined according to the residence chosen by the beneficiary family, in particular:

1. AMD 5,000,000 per family member, if the property is located in the area included in Appendix 1 to the document;
2. AMD 4,000,000 per family member, if the property is located in the area included in Appendix 2 to the document;
3. AMD 3,000,000 per family member, if the property is located in all other areas not included in points 1 and 2, except for areas located in Zones 1 and 2 of Yerevan

13%

13,9%-14,03%

0%

Annuity

Non-cash
Lump sum, in case of acquisition
In installments, in case of construction 

None

None 

None

None 

0,1% daily

0,13% daily

Real estate being acquired/constructed, right to purchase the real estate, and if necessary, additional residential real estate.
Moreover, the living area of the apartment or individual residential house being acquired or constructed shall not be less than 12 square meters for each member of the beneficiary family.

For loan amounts up to the certificate value: Up to 100%

For loan amounts exceeding the certificate value:      For property acquisition from a developer and                                                                                                                                                                                             construction: 90%

                                                                                                                                                          For secondary market purchases in Yerevan: 80%

                                                                                                                                          For property acquisition in the regions of Armenia: 70%

 List of appraisal companies cooperating with the Bank

AMD 55,000,000

In the case of the construction of an individual residential house, the value may also include the cost of acquisition of a land plot with an area of at least 400 square meters, but not more than AMD 3 million.

- Statement on restrictions: AMD 10,000

- Fee for state registration of rights: AMD 26,000 – 53,000

- Fee for notary certification: AMD 12,000-30,000

- Collateral appraisal fee: AMD 15,000-25,000.

Regardless of fees paid to third parties as specified in these terms, fees for services provided by them may change.

Individual/Legal entity (by decision of the authorized body approving the loan)

At the time of loan issuance, current loans and guarantees provided against the obligations of other persons must not be overdue or classified as controlled or under stricter categories.

The total number of overdue days for all loans (both repaid and active) within the last 12 months must not exceed 30 calendar days.

Within 18 months after signing the loan agreement

The ownership of the property being acquired/constructed is registered in the names of all members of the beneficiary family.