Mortgage Loans for the Diaspora

The mortgage loan is provided in AMD, USD, and Euros.

The minimum loan amount is 5,000,000 AMD, 10,000 USD, or 10,000 EUR. The maximum loan amount is 100,000,000 AMD, 250,000 USD, or 250,000 EUR. Additionally, if the loan-to-value ratio is up to 50%, no income analysis is required, and in such cases, the maximum loan amount is limited to 50,000,000 AMD.

The maximum repayment period for a mortgage loan is 240 months.

In the case of loans in AMD, the annual nominal floating interest rate for 6 to 240 months is IBRR + 3.7% to 5.2%, and the annual effective interest rate ranges from 13.83% to 16.80%. For loans in USD, the annual nominal floating interest rate for the same period is IBRR + 5% to 6.6%, with an annual effective interest rate between 9.27% and 11.25%. In the case of loans in EUR, the annual nominal floating interest rate is IBRR + 5.9% to 7.5%, and the annual effective interest rate ranges from 8.19% to 10.15%.

The borrower and co-borrower must be individuals over 21 years of age, and their age at the time of full loan repayment must not exceed 65 years.

For US citizens, specific income verification documents are required, such as forms 1040, 1065, 1099-MISC, 1120, 8879, and W-2. For citizens of other countries, income must be confirmed through documents defined by the legislation of the respective country.

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 that does not exceed the aggregate sum of principal amount repayments provided by the repayment schedule for the 12 months following the early repayment.

You can apply for a mortgage loan at all branches of the Bank, idbank.am website, Contact Center