Minimum Amount: 1,000,000 AMD
Maximum Amount:

• 16,000,000 AMD
• 21,000,000 AMD, if the property is developed in the Baghanis, Berkaber, Kiranats, or Voskepar settlements of Tavush Region, provided that the applicant to the Bank (at least one spouse) was registered in that settlement for at least one year prior to the date of application to the Program.

The loan amount is provided in the form of two separate loans, with the first loan being able to constitute up to 40% of the maximum limit, and the second loan up to 60%.

Annual Nominal Interest Rate: 13% (fixed)
Annual Effective Interest Rate: 13.81%

Loan Repayments: Monthly, in equal installments
Collateral: The land plot to be developed, and if necessary, additional collateral and/or guarantees
Commission Fee: 0.5% of the loan amount
Interest Calculation: Daily, on the loan’s declining balance

Borrower

• Spouses whose marriage is registered with the Civil Status Acts Registration authorities, who have at least one minor child, or whose total age does not exceed 75 (inclusive).
• A single parent (widow or widower whose spouse has passed away) who has at least one minor child.

Both the borrower (including the co-borrower) and the minor child must be citizens of the Republic of Armenia.

For the Gomk settlement of the Vaik community in Vayots Dzor Region: spouses who are citizens of the Republic of Armenia, have a marriage registered with the Civil Status Acts Registration authorities, and have at least one child under 13, and

• have not been registered in the city of Yerevan during the 1-year period prior to applying to the Program,
  or
• at least one spouse meets the requirements for a teacher.

The applicant’s spouse must necessarily be a co-borrower.

Subsidy on the Principal Amount

• For a loan of up to 16 million AMD: no more than 277,000 AMD per month, and a total of up to 16,000,000 AMD over the entire term of the loan.
• For a loan of up to 21 million AMD: no more than 366,000 AMD per month, and a total of up to 21,000,000 AMD over the entire term of the loan.
  
  

Subsidy on the Interest Amount

• For a loan of up to 16 million AMD: 13% interest subsidy, but no more than 203,000 AMD per month, and a total of no more than 12,668,000 AMD over the entire term of the loan.
• For a loan of up to 21 million AMD: no more than 266,000 AMD per month, and a total of no more than 16,626,000 AMD over the entire term of the loan.

You can view the list of border rural settlements here.

Find out more details:

For information on possible additional payments, see Loan Fees.
Previous Loan Fee Conditions.

The state support programs are:

1. Regional mortgage assistance program
2. Mortgage Repayment Assistance Program