Home loan for primary market

Want to buy a new apartment or house? Our mortgage loan offer for primary market will help you to buy your new home from our partner developers.

The choice is made easier for you via our online platform: find your ideal option, use the calculator to learn how much your monthly payment will be and apply online:

No appraisal of property required
Advance payment: from 10%
Insurance to be obtained by the Bank
No loan service fees
Loans available in 3 currencies
Purchase real estate for residence or lease
Both in Yerevan and regions

AMD 3-150 million

Loan amount

60-240 months

Term

12.68%-13.98%

Actual percentage rate

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Be Informed

Loan for Purchase of Residential Real Estate from Primary Market
Eligible age of client/co-borrower/guarantor	18-65 provided that the age of the borrower on the date of the loan agreement expiry does not exceed 65, otherwise a co-borrower or guarantor meeting the age criteria is required
Residency	Citizens and non-citizens of Armenia who are resident in Armenia
Currency	AMD	USD	EUR
Minimum and maximum loan limit	AMD 3,000,000 - AMD 150,000,000	USD 5,000 - USD 300,000	EUR 5,000 - EUR 300,000
Term (months)	60
Nominal annual interest rate, property insurance included¹	Fixed	Fixed	Fixed
	12%	10%	8%
Annual percentage rate, property insurance included	Fixed	Fixed	Fixed
	12.7%-13.98%	10.49%-11.9%	8.31%-9.46%
Term (months)	61-240
Nominal annual interest rate, property insurance included¹	Adjustable² (rate can be changed starting from the 37th month)	Adjustable² (rate can be changed starting from the 37th month)	Adjustable² (rate can be changed starting from the 37th month)
	Fixed component 5.5% + variable component (base rate)	Fixed component 8.5% + variable component (base rate)	Fixed component 7.5% + variable component (base rate)
Annual percentage rate, property insurance included	Adjustable² (rate can be changed starting from the 37th month)	Adjustable² (rate can be changed starting from the 37th month)	Adjustable² (rate can be changed starting from the 37th month)
	12.68%-13.96%	10.47%-11.88%	8.3%-9.44%
Other terms related to the interest rate	If repayment schedule is differentiated or mixed, the applicable interest rate is increased by 0.5%.
	If loan-to-value ratio differs from the approved standard, the applicable interest rate is increased by 0.5%.
	Depending on credit history, the applicable interest rate can be increased by 0.5%.
	If the client prefers a lending scheme without early repayment fee, the applicable interest rate is increased by 0.5% (not applicable to loans secured by cash or bonds).
	Where insurance is obtained by client, the interest rate is decreased by 0.05%.
Loan disbursement lump-sum fee	N/a
Form of disbursement	Credit to the account
Loan formalization venue	Branches and head office of the Bank
Cashing of loan amount by the borrower or seller	Free of charge
Minimum down payment	At least 10% of purchase price of property
Repayment	Annuity (equal payments), Differentiated (non-equal payments), Mixed
Repayment frequency	Monthly
Eligible security	The loan is secured by the property being purchased. The Bank may consider as additional security pledge of other real estate to the reasonable satisfaction of the Bank, as well as cash in Ameriabank or bonds issued by Ameriabank. 2. If the borrower wishes to purchase property under construction without registered certificate of title, the loan will be secured by other Armenia-based real estate to the reasonable satisfaction of the Bank. 3. If the borrower wishes to purchase property abroad, the loan will be secured by Armenia-based real estate to the reasonable satisfaction of the bank. Title to the apartment (house), right of mortgage and other property rights are subject to state registration.
Loan-to-value (LTV) ratio	Maximum loan amount is: (i) up to 90% of the value specified in the reference provided by the developer cooperating with the Bank to the client, unless otherwise defined by the bank, or (ii) up to 100% of the value of cash in Ameriabank or bonds issued by Ameriabank.
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
Additional security	The Bank may request guarantee of individuals and/or companies as additional security.
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 Information on performance of credit obligations is reported to the Credit Bureau. In case of failure to perform credit obligations, the pledged property may be foreclosed on.
1. Depending on the creditworthiness of the borrower and LTV ratio, a higher or lower interest rate can be applied.
2. 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%. 3. 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.

Appraisal Companies Cooperating with Ameriabank

Insurance for the pledged property to be obtained on an annual basis throughout the loan term:

by the bank to the extent of outstanding loan
by the client at least to the extent of outstanding loan

Insurance Companies Cooperating with Ameriabank and Related Fees

The client will pay for the following services:

Notary fee: AMD 14,000-16,000 lump-sum (in case of vehicles)
Notary fee: AMD 13,000-18,000 lump-sum (in case of real estate)
Fee for unified statement from the State Real Estate Cadaster on encumbrance of the property: AMD 10,000
Fee for registration of security interest in the real estate: AMD 26,000
Certificate of the right to purchase real estate and registration of the security interest: AMD 3,000 and AMD 50,000
Certificate of acquisition of the title to the real estate and registration of the security interest: AMD 21,000 and AMD 50,000
Certificate of acquisition of the title to the commercial real estate and registration of the security interest: AMD 41,000 (if the area of the premises to be purchased and pledged is above 200 sq. m) and AMD 50,000
Fee of the Police of the Republic of Armenia (for lien and pledge of movable property): AMD 5,000 lump sum

Required documents filed together with loan application

Loan application
ID [original]
Certificate of ownership of property to be purchased/pledged [copy]

Documents required after initial approval

Proof of employment and/or other income
Marriage (divorce, spouse death), birth certificate [original]
Certificate of title to real estate to be pledged [original]
Geodetic measurement report of land plot to be pledged**
Initial real estate appraisal report
Construction costs estimate

Documents required after loan approval

Copies of bases of title to real estate (to be submitted upon request)
IDs of owners of property to be purchased/pledged [originals]
Copies of marriage (divorce, spouse death) certificates of owners of property to be pledged
Statement from the State Committee of Real Estate Cadaster on encumbrance of real estate (unified statement)
Real estate appraisal report (final)
Other documents as the bank's specialist may request

li>Ամուսնության (ամուսնալուծության, (կնոջ/ամուսնու) մահվան), ծննդյան վկայական (բնօրինակները)

Գրավադրվող անշարժ գույքի սեփականության իրավունքի վկայականի բնօրինակը

Այլ փաստաթղթեր` Բանկի մասնագետի պահանջով

Վարկը հաստատելուց հետո պահանջվող փաստաթղթեր.

Անշարժ գույքի սեփականության իրավունքի հիմքերի պատճենները, ներկայացվում են ըստ բանկի պահանջի
Ձեռքբերվող/գրավադրվող գույքի սեփականատերերի անձը հաստատող փաստաթղթեր (բնօրինակները)
Գրավադրվող գույքի սեփականատերերի Ամուսնության (ամուսնալուծության, (կնոջ/ամուսնու) մահվան) վկայականի պատճենը
Տեղեկանք Անշարժ գույքի Կադաստրի պետական կոմիտեից` գույքի պարտավորություններով ծանրաբեռնվածության վերաբերյալ (Միասնական տեղեկանք)
Անշարժ գույքի ապահովագրության պայմանագիր
Տեղեկանք անշարժ գույքի նկատմամբ հարկային պարտավորությունների վերաբերյալ
Այլ փաստաթղթեր` Բանկի մասնագետի պահանջով

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