Online Mortgage Loan | Ameriabank
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Online loan for purchase
of apartment from primary market

The entire process online with no need to visit the Bank

From the choice of a new home to obtaining a loan - do everything online.

Buying an apartment from the primary market online is real now. 

On the estate.ameriabank.am platform, you may complete all the steps of your home-buying journey online. 

Submit your online application, after the approval of the loan, provide all required information and sign the agreements online. 

To execute the transaction, you will only be required to visit the notary’s office. You may apply for a loan jointly with a co-borrower, inviting the latter to join the loan application. The co-borrower will be simply required to accept the invitation and complete the same steps. 

  • no visit to the Bank required 
  • no evaluation of the property required
  • property insurance by the Bank
  • no loan service fees


AMD 3 - 40 million

Loan amount

240 months

Loan term

12.71-13.19%

Actual interest rate

Pre-qualification

Provide your data and find out how much money you can apply for.

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Online lending

The entire lending process is carried out online. All you need to do is to visit the notary to complete the formalities.

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Response in 5 minutes

Get the response to your online application within minutes. 

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FAQ

Who is eligible to apply for a loan online?

You may submit an online loan application if you are a RA citizen aged 18-45 and apply for the loan without a co-borrower or with a co-borrower who is an RA citizen aged 18-45, your spouse or another family member (parent, sibling, or child)

In all other cases, please visit any of the Bank’s offices to submit a loan application.


What documents are required for online lending?

To fill out the loan application, a personal identification document (passport or ID card) and a social card are required. If there is a co-borrower, you will need to provide the details of the co-borrower’s personal identification document and the social card as well.

Where can I find the offers of the developers cooperating with Ameriabank?

Please follow this link for detailed information on the developers’ offers.

How long does it take for the Bank to make a decision on loan disbursement?

You will get a response by SMS and email within 5 minutes after the submission of the loan application. You can view the decision on your profile as well. If you are applying for a loan together with a co-borrower, the co-borrower is also required to fill out and confirm the loan application. We will then review your application and respond to it within 5 minutes.

How long does the lending process last?

The lending process commences with the receipt of the Bank’s notice regarding the decision taken and ends once the loan package is approved online. The entire process lasts up to 7 calendar days.

Is there any need to visit the Bank during the lending process?

You will need to visit a notary’s office to sign the documents required for collateral registration at the end of the process. All other processes are implemented via the online platform.

For more details please click here.

Online loan for purchase of residential real estate from primary market (PDF)

 Online loan for purchase of residential real estate from primary market   

 

Purpose

Purpose

     Purchase of residential property for residential, lease or investment purposes       

 
 
 

Client's personal details

Eligible age of client/co-borrower

18-65, provided that the age of the borrower by the time of expiry of loan agreement will not have exceeded 65

 

Residency

Citizens of Armenia who are resident in Armenia

 

Loan conditions

Currency

AMD

 

Minimum and maximum loan limit

AMD 3,000,000 - AMD 40,000,000

 

Term (months)

240

 

Nominal annual interest rate, property insurance included

Adjustable fixed (rate can be changed starting from the 37th month)

 

Fixed component 4.5% + variable component (base rate)

 

Annual percentage rate, property insurance included

13.83-14.34%

 

Loan disbursement lump-sum fee

N/a

 

Minimum down payment

 At least 10% of the purchase price of the property

 

Forms of loan repayment

Repayment

Annuity (equal monthly installments consisting of a portion of loan and a portion of interest)

 

Security

Eligible security

The loan is secured by the real estate being purchased.

 

Loan-to-value (LTV) ratio

Maximum loan amount is:
(1) For AMD loans: up to 90% of the value specified in the developer's** reference provided to the client, unless otherwise defined by the bank,
(2) For foreign currency loans: up to 70% of the value specified in the developer's** reference provided to the client, unless otherwise defined by the bank                                                                                                                                

 

Location of real estate to be pledged

Capital cities and regional centers of Armenia and Artsakh, as well as the towns of Abovyan, Ejmiatsin, Jrvezh, Arinj, Dzoraghbyur, Tsaghkadzor, Dilijan, Qajaran and Jermuk

 

Appraisal of the collateral

N/a
The pledge value is deemed to be equal to the final price (sale price approved while booking the property) specified by the Developer in the ecosystem of the Bank.

 

Insurance of the collateral

Insurance of the collateral

Insurance for pledged real estate to be obtained by the bank on an annual basis throughout loan term to the extent of outstanding loan.

 

Required documents

Required documents

Required documents filed together with the loan application

 

ID, public services number

 

Documents required after loan approval

 

 Marriage certificate (if any) and ID of the spouse, public services number 

 

Certificate of title to the real estate/right to purchase

 

Certificate of security interest registration

 

Unified reference on real estate encumbrance

A proper document certifying the fact that the advance payment for the property to be acquired was paid in cash (for example, an original receipt, and in the case of payment by e-mail, a document certifying the fact that the e-payment has been confirmed), which is not required from the Client, if the payment was made in the Bank account/s and the Bank's specialist has programmatically exported the given payment document.

 

Other documents as required

 

 

Early repayment fee

At any time during a contractual year the borrower can make an early repayment to the extent of outstanding principal amount of loan for that contractual year. A contractual year is each period of 12 months following the date of execution of credit agreement.
Where the amount of early repayment exceeds the specified limit, the following fees are charged:
• Max 0.6% of early repayment, if made during the first year of agreement
• Max 0.4% of early repayment, if made during the second year of agreement
• Max 0.2% of early repayment, if made during the third year of agreement

 

Late payment fines and penalties

The interest rate specified in the loan agreement shall continue to be applied to overdue loans.
Fine in the amount of 0.13 % of overdue loan/interest for each day of delay

 

Other fees

Other fees payable by client

Fee for notarization of real estate pledged as collateral
Fee for registration of the right of ownership/purchase and the Bank rights arising out of the pledge agreements with the State Committee of Real Estate Cadaster of the Government of the Republic of Armenia
Fee for the unified reference on real estate encumbrance issued by  the State Committee of Real Estate Cadaster of the Government of the Republic of Armenia

 

 

*The list of developers is determined by the Bank.

Attention. The adjustable nominal interest rate may be revised no more than twice a year.

Furthermore, depending on the change of the adjustable nominal interest rate, the threshold above or below which the nominal rate cannot change is ±4%.

Attention. The consumer receives an offer of the agreement and has seven days to make a decision.

 

Purpose

AMD

Modification of the loan terms

15,000

Change of the loan repayment date

5,000

Substitution of pledged property (for real estate; including change of the property owner)

10,000

Substitution of pledged property (for vehicles; including change of the owner of the pledged vehicles)

5,000

Provision of pledge-related consents, permissions and references

5,000 (VAT included)

These fees apply if changes are initiated by the client. Where several fees are payable due to a single change, only the highest of them shall be charged for one time. These fees do not apply to loans secured by cash, bonds and metal accounts. Where a new collateral or guarantor is added due to the change of pledge, the fee is not charged.

The real estate should be appraised by an appraisal company cooperating with the bank. The company is selected by the client from the offered list. Appraisal fee: AMD 13,000-30,000 depending on the property. On a case-by-case basis, the fee for appraisal of major items of property may be negotiable. The list of appraisal companies cooperating with the Bank may be found at the link below.

Հաճախորդը վճարում է նաև այլ ծառայությունների համար`

  • Notary fee: AMD 25,000-30,000
  • ՀՀ ԿԱ ԱԳԿ – ում անշարժ գույքի նկատմամբ իրավունքների պետական գրանցում`   56,000 ՀՀ դրամ

    Required documents filed together with the loan application
  • ID, public services number

    Documents required after loan approval
  •   Marriage certificate (if any) and ID of the spouse, public services number 
  • Certificate of title to the real estate/right to purchase 
  • Certificate of security interest registration
  • Unified reference on real estate encumbrance
  • Other documents as required


ATTENTION! “YOUR FINANCIAL DATABASE” IS AN ELECTRONIC SYSTEM AIMED AT FACILITATING SEARCHING AND COMPARISON OF THE SERVICES OFFERED TO INDIVIDUALS AND MAKING THE CHOICE EASIER FOR YOU.

Updated on 16.05.2022 15:35