Renovation Mortgage Loans. National mortgage company

Renovation Mortgage Loans. National mortgage company

Renovate your real estate through the National Mortgage Company

Currency
֏
Interest rate
Starting from 11.5%
Repayment term
Up to 180 months
Loan maximum amount
Up to 35,000,000 ֏

General

General
Tariffs
Documents
Renovation Mortgage Loans. National mortgage company

Renovation mortgage loans

Renovate your real estate with profitable mortgage loans provided by IDBank. Get the mortgage loans financed by "National Mortgage Company" RCO CJSC program, the Bank's own funds.
Loans are provided to individuals for the renovation of residential real estate

Advantages

Long repayment period
Pay off in up to 180 months
Low interest rate
Annual nominal interest rate starts from 11.5 %

Choose a loan

AMD
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.

60 months 180 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.

You may be interested in

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

Low interest rate
Annual nominal interest rate starts from 11.25 %
interest rate lower by 0.25%
In case of joining IDsalary and IDsalary + packages
Long repayment period
Pay off in up to 240 months

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

Micro loans “Jerm Ojakh”
Save your energy costs with the help of an affordable loan

Low interest rate
The interest rate is lower than the interest rate of consumer loans -12% only in most cases.
Long term maturity
Repay the loan during up to 84 months.
Further savings
The amount you saved further due to energy saving systems may cover the significant part of the loan

Compare products

Renovation Mortgage Loans. National mortgage company
Renovation Mortgage Loans. National mortgage company
Annual nominal interest rate starts from 11.5 %
Pay off in up to 180 months
For the purchase. National mortgage company
Renovation Mortgage Loans. Own resources
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
2 options of interest repayment are available
Maximum loan amount is 125 000 000 AMD/250 000 USD
The loan is available in Armenian drams and US dollars

Special offer

Rocket Line and Rocket Line 0%

Enjoy Rocket Line digital credit now, pay later, without a clear schedule. Rocket Line is a pre-approved limit - maximum 10,000,000 AMD, which you can use for non-cash payments. Your credit obligation will be in the amount used only, starting from the time you began to use the money. Rocket Line is available for Idram&IDBank Premium Plus users who have synchronized Idram and IDBank accounts. See your limit in IDBanking.am, Idram&IDBank application or Idram.am website. You can use Rocket Line 0% when making payment with hundreds of partners, without any interest rate or additional payment.

Renovation Mortgage Loans. National mortgage company - Special offers
Loan purpose
Renovation of residential real estate property
Loan currency
AMD
Minimum loan amount
AMD 3,000,000
Maximum loan amount
AMD 35,000,000
Minimum loan term
60 months
Maximum loan term
180 months
Nominal annual interest rate for AMD
11.5% - 13.5%
Effective annual interest rate
12.22% - 15.05%
Security (pledge)
Real estate property being renovated
Maximum loan/collateral ratio
70%
Loan disbursement method
1. non-cash through current account, 2. one-time or by installments according to the decision of the Bank?s competent body
Method of loan and interest repayment
1. Annuity repayment method - Equal monthly repayments of the sum of loan principal and interest amount, 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/closing
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.
Commission for encashment of loan amount and prepayment
Not specified
Pledger
the borrower and/or coborrower, or any physical or legal entity in case of other real estate property (other pledge)
Status of the borrower/coborrower
RA citizen 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 repayments to net incomes (OTI) ratio must not exceed: 45%
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
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 14․07․22-14․11․22
190.93 KB
Tariffs valid from 30․03․22-14․07․22
191.69 KB
Required documents
138.45 KB

Apply now

Starting from 11.5%
Up to 180 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
© 2022 All rights reserved by IDBank
/THE BANK CONTROLLED BY THE CENTRAL BANK OF ARMENIA/
Information updated 22.11.2022 05:08
Developed inNew Site