Real estate 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

13.26-14.6%

Actual percentage rate

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Loan for purchase of residential real estate from primary market
Purpose	Purpose	(i) Purchase of residential property (including parking space) for residential, lease or investment purposes, or (ii) transfer of a loan for purchase of property for residential, lease or investment purposes from another bank/credit organization to Ameriabank CJSC


Client's personal details	Eligible age of client/co-borrower/guarantor	18-65 years old, provided that the borrower's age at the time of expiry of loan agreement will not have exceeded 65, otherwise a co-borrower or guarantor is required. The eligible age of co-borrower or guarantor is 18-65 provided that at the time of expiry of agreement it will not have exceeded 65. If involvement of a co-borrower or guarantor is a required condition under loan terms (except where co-borrowers or guarantors possess at least 70% of income included in OTI calculation), the eligible age is 18-65 provided that at the time of expiry of agreement it will not have exceeded 65.
	Residency	Citizens and non-citizens of Armenia who are resident in Armenia
Terms of loan	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 (including property insurance)¹	Fixed	Fixed	Fixed
		12.5%	10.0%	8%
	Annual percentage rate (including property insurance)	Fixed	Fixed	Fixed
		13.26-14.6%	10.49-12.07%	8.32-9.69%
	Term (months)	61-240
	Nominal annual interest rate (including property insurance)¹	Adjustable fixed (rate can be changed starting from the 37th month)	Adjustable fixed (rate can be changed starting from the 37th month)	Adjustable fixed (rate can be changed starting from the 37th month)
		Fixed component 5.0% + variable component (base rate)	Fixed component 8.5% + variable component (base rate)	Fixed component 7.5% + variable component (base rate)
	Annual percentage rate (including property insurance)	Adjustable fixed (rate can be changed starting from the 37th month)	Adjustable fixed (rate can be changed starting from the 37th month)	Adjustable fixed (rate can be changed starting from the 37th month)
		13.24-14.58%	10.47-12.05%	7.76-9.12%
	Other terms related to interest rate	If repayment schedule is differentiated or mixed, the applicable interest rate is increased by 0.5%.
		If the collateral related ratios (loan-to-value ratio) differ from those approved by the internal regulations of the Bank, the applicable interest rate is increased by 0.25%.
		If the creditworthiness criteria differ from those approved by the internal regulations of the Bank (any or some of the declared income related criteria, OTI and OSM), the applicable interest rate is increased by 0.25%.
		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 the client, the interest rate is decreased by 0.05%.
		In case of other deviations, the interest rate may be increased by 0.25%.
	Loan disbursement upfront fee	N/a
	Cashing of loan amount by the borrower or seller	AMD: Free Other currency: 1%
	Minimum advance payment	At least 10% of purchase price of property
Forms of loan repayment	Repayment	Annuity (equal monthly installments consisting of a portion of loan and a portion of interest)
		Differentiated (monthly repayment of equal portions of principal amount while interest accrues to outstanding loan and decreases each month)
		Mixed (client may choose an individual repayment schedule based on seasonality of cash flows, provided that at least 5% of contractual loan amount is repaid each year; interest payable on monthly basis)
Security	Eligible security	1. 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.
	Loan-to-value (LTV) ratio	Maximum loan amount is: 1. For AMD loans: up to 90% of the (i) lesser of the two: appraised market value of the property and purchase price, or (ii) value specified in the developer's reference provided to the client, unless otherwise determined by the Bank, 2. For foreign currency loans: up to 70% of the (i) lesser of the two: appraised market value of the property and purchase price, or (ii) value specified in the developer's reference provided to the client, unless otherwise determined by the Bank, 3. 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, Etchmiadzin, Jrvezh, Arinj, Dzoraghbyur, Tsaghkadzor, Dilijan, Qajaran and Jermuk
	Appraisal of pledge	No appraisal is required for property purchased from primary market. Pledge value is considered the price specified in the developer's reference, unless otherwise determined by the bank.
	Additional security	The bank may request guarantee of individuals and/or companies as additional security.
Insurance of pledged property	Insurance of pledged property	Insurance for pledged real estate to be obtained on an annual basis throughout loan term: - By the bank to the extent of outstanding loan - By the client at least to the extent of outstanding loan
Required documents	Required documents	Required documents filed together with loan application
		• Loan application
		• ID [original]
		• Certificate of ownership/purchase right of real estate to be purchased/pledged [copy]
		• Other documents as the bank's specialist may request
		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]
		• Other documents as the bank's specialist may request
		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)
		• Tax clearance certificate
		• Real estate insurance policy
		• Other documents as the bank's specialist may request
	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 beyond terms
Other fees	Other fees payable by client	• Fee for unified statement from the State Committee of Real Estate Cadaster of the Government of the Republic of Armenia • Fees for notarization of pledge (real estate) and filing of the bank’s security interest under pledge agreement

Depending on the creditworthiness of the borrower, term of loan and LTV ratio, a higher or lower interest rate can be applied.

**The list of developers is determined by the bank. If the developer is not included in the Bank's list, the applicable terms shall be based on the terms of the loans for purchase of residential real estate from secondary market.

***The annual percentage rate (APR) may differ from the above specified values if there is any or a few of the following factors:

- When the property insurance is obtained by the Bank at the customer’s request

- When the borrower selects differentiated or mixed form of loan repayment

- If there are deviations from the creditworthiness criteria approved under the internal regulations of the Bank

- If additional property is pledged as collateral

- If there are other deviations

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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