For the purchase. National mortgage company

For the purchase. National mortgage company

Purchase your real estate through the National Mortgage Company.

Currency
֏
Interest rate
Starting from 11․25%
Repayment term
Up to 240 months
Loan maximum amount
Up to 60,000,000 ֏

General

General
Tariffs
Documents
For the purchase. National mortgage company

Mortgage loans to purchase real estate

Purchase your real estate with profitable mortgage loans provided by IDBank. Take advantage of the affordable terms offered by the ""National Mortgage Company"" RCO CJSC program. Get a loan starting from 11.25% annual nominal interest rate.
Loans are provided to individuals for the purchase of residential real estate.

Advantages

interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages
Long repayment period
Pay off in up to 240 months
Low interest rate
Annual nominal interest rate starts from 8.5 %

You may be interested in

For the purchase. Own resources
Purchase your real estate with a mortgage loan directly financed with the Bank’s funds

Rocket Line
In the amount of 10% of the mortgage loan
Choice of currency
The loan is available in Armenian drams and US dollars
interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages

You may be interested in

For the purchase. Young families
Purchase your real estate with Affordable Housing for young families

Low interest rate
Annual nominal interest rate starts from 7.4 %
interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages

You may be interested in

Package IDhome
Get your Mortgage Loan on exclusive terms using the IDhome package

Rocket Line
In the amount of 10% of the mortgage loan
Credit line
Up to 5% of the mortgage loan
Savings account
Interest rate applicable by the bank + 0.5%

Compare products

For the purchase. National mortgage company
For the purchase. National mortgage company
Annual nominal interest rate starts from 11․25%
In case of joining IDsalary and IDsalary + packages interest rate lower by 0.25%
Pay off in up to 240 months
For the purchase. Own resources
For the purchase. Young families
Package IDhome
Rocket Line - In the amount of 10% of the mortgage loan
The loan is available in Armenian drams and US dollars
In case of joining IDsalary and IDsalary + packages interest rate lower by 0.25%
Pay off in up to 240 months
Credit line - In the amount of up to 5 % of the mortgage loan
Annual nominal interest rate starts from 7.4 %
In case of joining IDsalary and IDsalary + packages - interest rate lower by 0.25%
Rocket Line - In the amount of 10% of the mortgage loan
Credit line - Up to 5% of the mortgage loan
Savings account - Interest rate applicable by the bank + 0.5%
Low interest rate - The annual interest rate on a mortgage loan starts at only 4-99%
Visa Platinum - Free provision of premium card

Special offer

IDhome

Get a mortgage loan starting from 4.99% nominal interest rate and with exceptional conditions, using the IDhome package. Within the framework of the package you get up to 10 million AMD Rocket Line limit, up to 5 million AMD credit line, free Visa Platinum card, 0.5% more profitable savings accounts and much more. List of developers cooperating with the bank can be found here.

For the purchase. National mortgage company - Special offers
Purpose of the loan
Acquisition of residential real estate under construction or existing
Loan currency
AMD
Minimum loan amount
5,000,000 AMD
Maximum loan amount
Up to 60,000,000
Minimum loan term
120 months
Maximum loan term
240 months
Nominal annual interest rate
Fixed interest rate for the whole period: 11.25%-12?55%
Effective annual interest rate
11.86% - 13.70%
Minimum prepayment
30% (of the least value between the acquisition value and the estimated market value of the property) in case of pledging the acquired property/right of pledge. 10% (of the least value between the acquisition value and the estimated market value of the property) in case of pledging the acquired property/right of pledge and other residential real estate property (second pledge), 7.5% (of the least value between the acquisition value and the estimated market value of the property) if the borrower is unmarried and under 30 years of age and the real estate property is being acquired from the real estate developer and another residential real estate property is being pledged (second pledge). In case of the abovementioned, the prepayment must be insured in the amount of the difference between the defined minimum prepayment amount and prepayment made unless another real estate property is pledged.
Security (pledge)
Real estate property being acquired in case of a prepayment in the amount of 30% and more. In case of making a prepayment in the amount of 10%-29.9% real estate property being acquired/right of pledge and - other residential real estate property or - insurance of prepayment in the amount of the difference between the defined minimum prepayment amount and prepayment made
Maximum loan/collateral ratio
70%, or up to 90% if along with the real estate property being acquired/right of pledge another residential real estate property is being pledged or the client implements insurance of the prepayment in the amount of the difference between the defined minimum prepayment amount and prepayment made
Loan disbursement method
One-time non-cash through current account
Method of loan and interest repayment 1. Annuity repayment method - Equal monthly repayments of the sum of loan principal and interest amount
2. Differentiated repayment method equal monthly repayments of loan principal, repayments of interest amount on a monthly basis in case of change of the annual nominal interest rate during the loan period, the method of repayment of the loan and interest amounts can be changed
Loan application revision fee
Not specified
One-time loan disbursement fee
Not specified
Bank account opening
Opened in the loan currency according to the tariffs applied in the Bank. If the loan currency is other than AMD, an account in AMD shall also be opened.
Fees for pledge registration
Implemented by the employee: 1. Pledge assessment fee. 2. Fee for unified reference on restrictions on the subject of pledge 3. Notarization fee for the real estate that is the subject of collateral 4. Fee for registration of the Bank?s right arising from the pledge agreement in the competent state body. * In case of acquisition of residential real estate property from the primary market, the pledge assessment fee will be covered by the Bank.
Commission for encashment of loan amount and prepayment
Not specified
Pledger
In case of real estate property being acquired - the borrower and/or coborrower, In case of other real estate property (other pledge) - any other physical or legal entity
Relations between the borrower/coborrower and seller of the real estate property
The real estate property cannot be acquired from the physical entity who is the family member of the borrower/coborrower, particularly borrower/coborrower?s father, mother, spouse, spouse?s parent, grandmother, grandfather, sister, brother, child, spouse and child of the sister, brother.
Status of the borrower/coborrower
RA citizen physical entity,whose main source of income is in RA
Age restriction
Borrower - physical entity over 21 years old whose age must not exceed 65 years by the loan maturity. Coborrower - a physical entity over 21 years old whose age must not exceed 65 years at the moment of loan disbursement (the age restriction requirement shall not be applied if based on the information submitted in the application form the financial state of the borrower (other coborrowers) is enough to repay the loan without the given coborrower (coborrowers).
General principle of borrower/coborrower?s creditworthiness assessment
Maximum total debt to income ratio (OTI) must not exceed: Up to 60%
Incomes of the borrower/coborrower
1) Composition of primary incomes - according to Appendix 1. 2) Composition of secondary incomes - according to Appendix 1
Requirements to the borrower?s/coborrower?s credit history
1. Absence of credit history or 2. Absence of overdue liabilities towards the financial-banking system as of the date of acceptance of the loan application (in terms of loans, credit lines, overdrafts, provided guarantee etc.), and 3. Less than 30 total overdue days in terms of loan principal amount and/or interest repayments in terms of loans (credit line, overdraft, guarantee etc.) received within the 12 months preceding the loan application submission date.
FINES, PENALTIES
Penalty for overdue principal amount - 0.1% daily. Penalty for overdue interest amount - 0.1% daily. In case of early loan repayment: - 0.6% of early repaid amount for the 1st year of the loan agreement, - 0.4% of early repaid amount for the 2nd year of the loan agreement, - 0.2% of early repaid amount for the 3rd year of the loan agreement, - No early repayment penalty is charged after the 3rd year of the loan agreement. No early repayment penalty is charged for the amount which does not exceed the aggregate sum of principal amount repayments provided by the repayment schedule for the 12 months following the early repayment. In case of non-targeted use of the loan the Bank is entitled to demand: 1) early repayment of the whole loan amount, 2) penalty in the amount of 25% of the misused loan amount, 3) revision of loan interest rate according to the competent body if the Bank.
Insurance
Performed by the Bank. Presented in Appendix 2
Requirements to the subject of pledge
Presented in Appendix 3
Place of acceptance of the application and documents
All branches of the Bank
Loan decision making and notification of the client
Up to 3 business days after submission of a complete package of documents required by the Bank
Loan disbursement term
Maximum 3 business days after submission of complete package of documents and registration of the right of pledge after the decision has been made
Validity of the loan decision
30 business days
Other requirements (applied only within the scope of the Affordable Housing for Young Families program)
1. the sum of the total monthly net income of the spouses and possible coborrowers must not exceed AMD 800,000, 2. spouses must not be owners of other residential real estate property (residential house or apartment) unless the share of territory per each person registered in the given apartment/residential house is less than 18 sq./m., 3. the real estate property must be acquired for the purpose of permanent residence, 4. The acquisition price, in case of acquisition from the secondary market, should be less than AMD 25 million, while the estimated market price should not exceed AMD 26 million, and in the case of acquisition from the primary market (directly from the developer) the acquisition price should be less than AMD 30 million, while the estimated market price should not exceed AMD 31 million.
Chief loan agreement
The Bank concludes a chief loan agreement with the client for a term of up to 240 months and in the amount of up to 100% of the market price of the real estate property except for loans provided within the scope of ?Affordable Housing for Young Families? program
Loan application revision fee
Not specified
One-time loan disbursement fee
Not specified
Pledge related costs
The pledge related costs incurred by the Bank for loans amounting to AMD 15,000,000 and more are as follows: - collateral appraisal fee (no appraisal is required if the given property is already pledged in the Bank and has been appraised within 12 months preceding the submission of the loan application, or 6 months preceding the submission of the loan application in case if the property is pledged in other banks/credit organizations, by appraisal companies cooperating with the Bank), - Fee for the unified reference provided by the state cadaster committee under the RA Government*, - Notarization fee for the real estate that is the subject of collateral - Fee for registration of the Bank?s right arising from the pledge agreement in the competent state body. *in case if the fees for the unified reference provided by the state cadaster committee under the RA Government and for registration of the Bank?s right arising from the pledge agreement in the competent state body are made through the ARPIS program applied in the Bank, no reference fee shall be charged. In case if the costs are incurred by the Bank the borrower shall reimburse to the Bank the costs incurred by the latter mentioned in this provision in case if the borrower completely repays the loan ahead of time within 24 months following the transfer.
List of documents to be submitted by the client
according to Appendix 4

Tariff archive

Tariffs valid from 15․07․22-14․11․22
346.89 KB
Tariffs valid from 30․03․22-15․07․22
341.40 KB
Required documents
136.72 KB

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Starting from 11․25%%
Up to 240 months repayment period

Code
+374 (Armenia)
+375 (Belarus)
+7 (Russia)
+32 (Belgium)
+1 (USA)
+1 (Canada)
+49 (Germany)
+86 (China)
+995 (Georgia)
+380 (Ukraine)
+33 (France)
+39 (Italy)
+34 (Spain)
+971 (UAE)
Branch
Vanadzor branch
"Echmiadzin” branch
Davtashen branch
Gyumri branch
IDBank Head Office
Abovyan branch
“Vardanants” branch
"Shengavit" branch
"Nor Nork" branch
"Malatia" branch
"Centre" branch
"Baghramyan" branch
"Arabkir" branch
"Erebuni" branch
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Information updated 22.11.2022 04:16
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