For the purchase. Own resources

For the purchase. Own resources

Purchase your real estate with a mortgage loan directly financed with the Bank’s funds

Currency
֏, $
Interest rate
Starting from 8․34%
Repayment term
Up to 240 months
Loan maximum amount
Up to 125,000,000 ֏

General

General
Tariffs
Documents
For the purchase. Own resources

Mortgage loans to purchase real estate

Purchase your residential real estate with IDBank profitable mortgage loans financed with the Bank's own funds. Get a high limit - up to 125,000,000 AMD.
When getting a mortgage loan from the bank's own funds, a number of benefits, including a Rocket Line digital limit, and a credit line of up to 5% of the loan, are provided.

Advantages

Choice of currency
The loan is available in Armenian drams and US dollars
Credit line
In the amount of up to 5 % of the mortgage loan
interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages
interest rate lower by 0.25%
In case of covering insurance costs
Long repayment period
Pay off in up to 240 months
Rocket Line
In the amount of 10% of the mortgage loan

Choose a loan

AMD
USD
Loan ammount

You need to choose the loan amount you prefer from the scale below.

I AMD
Loan term, months

You need to choose the loan term that you prefer from the scale below.

120 months 240 months
Prepayment amount

You need to choose the preferred loan down payment from the scale below

0% 25% 50% 75% 100%
Payment type

fixed monthly installments, where the monthly payment throughout the repayment period remains the same and consists of a portion of loan and a portion of interest.

This calculation is informative character and can be changed.

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For the purchase. National mortgage company
Purchase your real estate through the National Mortgage Company.

Low interest rate
Annual nominal interest rate starts from 10.25 %
interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages
interest rate lower by 0.25%
In case of covering insurance costs

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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
interest rate lower by 0.25%
In case of covering insurance costs

Compare products

For the purchase. Own resources
For the purchase. Own resources
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%
In case of covering insurance costs 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
For the purchase. National mortgage company
For the purchase. Young families
Package IDhome
Annual nominal interest rate starts from 10.25 %
In case of joining IDsalary and IDsalary + packages interest rate lower by 0.25%
In case of covering insurance costs interest rate lower by 0.25%
Pay off in up to 240 months
Annual nominal interest rate starts from 7.4 %
In case of joining IDsalary and IDsalary + packages - interest rate lower by 0.25%
In case of covering insurance costs - 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

IDsalary and IDsalary+ salary packages

"You choose where to get your salary from. Get it with IDBank Mastercard Standard/Visa Gold card and use IDsalary or IDsalary + package offer with a number of preferential terms. Moreover, if you join the package, you get the Rocket Line limit amounting to at least one salary, as well as more favorable terms for mortgage and other loans."

For the purchase. Own resources - Special offers
Purpose of the loan
Acquisition of real estate under construction or existing
Loan currency
AMD / USD
Minimum loan amount
5,000,000 AMD / 10,000 USD
Maximum loan amount
125,000,000 AMD / 250,000 USD
Rocket Line
Up to 10% of the mortgage loan, not more than AMD 10,000,000
Credit line
Up to 5% of the mortgage loan, not more than AMD 5,000,000
Minimum loan term
120 months
Maximum loan term
240 months
Nominal annual interest rate for AMD
11-13.55%
Nominal annual interest rate for USD
8-11.55%
Effective annual interest rate
AMD 11.62% - 15.15% / USD 8.34% - 12.85%
Minimum prepayment
Starting from 0% prepayment
Security (pledge)
Real estate property being acquired/right of pledge, if the loan/collateral ratio amounts to up to 90%. In case if the loan/collateral ration exceeds 90%: 1. Real estate property being acquired/right of pledge 2. Other real estate property depending on the client?s creditworthiness
Maximum loan/collateral ratio
70-90% (can increase up to 100%, if internal guideline requirements are met)
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
1%, maximum AMD 200,000. One-time loan disbursement commission fee is being charged from contractual loan amount
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
Physical entity
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 can conclude 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.
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 30․03․22-15․07․22
341.40 KB
Required documents
136.72 KB

Apply now

Starting from 8.35%
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 25.07.2022 04:09
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