+374 10 605555

Energy-efficient Mortgage Loans under NMC Program

We offer Energy-efficient mortgage loans under the National Mortgage Company Loan program.

Loans are designed for purchase, construction or renovation of residential real property.

Loans may be obtained through our  Head office and all branches (except Erebuni branch).





Eligible borrowers

RA citizens aged from 18 to 58, whose main source of income is in the RA and who during the debt service period will not reach 63 years old, otherwise you must have a co-borrower on the loan who complies with the mentioned requirement.

Loan amounts

• For purchase or construction  of real property- AMD 2,000,000 - 35,000,000
• For renovationAMD  1,000,000- 10,000,000.

Loan disbursement method


Loan term

• For real property purchase or construction - 10-20 years,
• For renovation - 5-7 years.

Nominal Interest Rate (per annum)

• For purchase or construction - 9,3 %,
• For renovation of real property - 10,3 %.

Annual Percentage Rate


• For purchase or construction - 11,40%,
• For renovation of real property - 12,15%.

Down payment  (for purchase of real property)

• Starting from 30%; down payment will be  made in the Bank;
• In case of purchasing an apartment in a newly built multi-apartment building, the borrower shall submit the receipt issued by the constructor and the down payment contract.

Loan-to-value ratio

Up to 70% of the appraised market value.

Security for loan repayment

• Real property to be purchased or renovated*.
• Construction loans shall be backed by the relevant land lot; besides, in some cases other residential real property may be pledged as well *.

* If necessary,
as an additional means of security we may require sureties to be issued by individuals and/or legal entities.


 The pledged property is subject to insurance, besides, the borrower and co-borrowers shall buy personal accident insurance (at the amount of outstanding loan balance (required). The insurance shall be bought from duly licensed insurance company in favor of the bank.
 Insurance premium - 0.15%.

Commission fees

• The fee for a loan application review is AMD 10,000. The fee once paid is not refundable regardless of the decision on the loan application.
• A lump-sum fee will be charged for loan account service. It makes 0.5% of the loan principal amount but not less than AMD 20,000.
• In case of cash loans, a cash withdrawal fee will be charged according to Bank's  tariff rates.

Timeline for making a decision on loan application, customer notification on the relevant decision and advancing the loan

• The decision will be made within 10 (Ten) business days upon submission of necessary documents. The loan will be extended within 2 (Two) business days upon completion of the pledging process;
• We will notify you on the decision within 1 (One) business day orally or also in writing, at your request.


"Financial Assistant" system

Updated 20.10.2020 | 09:49:32