Compare Armenian banks’ mortgage programs by rate, down payment and term, and work out the monthly payment for your home. realest.am doesn’t issue loans.
Evocabank: Affordable housing for young families — from 6.9% in AMD, down payment from 7.5%, up to 15 years
Araratbank: Affordable housing for young families — from 7.2% in AMD, down payment from 20%, up to 20 years
Fast Bank: Loans for young families — from 7.3% in AMD, down payment from 20%, up to 20 years
IDBank: Affordable housing for young families — from 7.4% in AMD, down payment from 20%, up to 15 years
ACBA Bank: Affordable housing for young families — from 7.5% in AMD, down payment from 20%, up to 15 years
IDBank: Mortgage for the diaspora (USD) — from 8.9% in USD, down payment from 30%, up to 20 years
ACBA Bank: Real estate purchase loan in USD (non-residents) — from 9.5% in USD, down payment from 10%, up to 20 years
Araratbank: Mortgage for foreign citizens and non-residents — from 9.5% in USD, down payment from 30%, up to 15 years
Inecobank: Mortgage in USD for acquisition — from 10% in USD, down payment from 30%, up to 10 years
Fast Bank: Mortgage loan (USD, non-residents) — from 10% in USD, down payment from 10%, up to 20 years
IDBank: Mortgage for purchase, own resources — from 12.25% in AMD, down payment from 10%, up to 20 years
Araratbank: Mortgage loan for acquiring residential real estate — from 12.5% in AMD, down payment from 20%, up to 15 years
ACBA Bank: Real estate purchase mortgage loan — from 12.5% in AMD, down payment from 10%, up to 20 years
Inecobank: Floating-rate mortgage for property acquisition — from 12.5% in AMD, down payment from 20%, up to 30 years
Araratbank: Residential real estate under the National Mortgage Company program — from 12.5% in AMD, down payment from 30%, up to 20 years
ACBA Bank: Purchase under the National Mortgage Company program — from 12.8% in AMD, down payment from 30%, up to 15 years
IDBank: Mortgage for purchase, National Mortgage Company program — from 13% in AMD, down payment from 30%, up to 20 years
Fast Bank: National mortgage loans — from 13% in AMD, down payment from 30%, up to 20 years
IDBank: Mortgage for the diaspora (AMD) — from 13% in AMD, down payment from 20%, up to 20 years
ACBA Bank: Mortgage loan for real estate construction — from 13% in AMD, down payment from 0%, up to 20 years
Evocabank: Residential mortgage loan — from 13.2% in AMD, down payment from 10%, up to 20 years
Fast Bank: Mortgage loan (AMD) — from 13.5% in AMD, down payment from 10%, up to 20 years
Araratbank: Real estate acquisition without income analysis — from 14% in AMD, down payment from 50%, up to 25 years
Araratbank: Mortgage loan for residential house construction — from 14.5% in AMD, down payment from 30%, up to 15 years
Compare the interest rate, the minimum down payment, the longest term and the currency. If your income is in dram, a loan in dram avoids exchange-rate risk. Enter the price, your down payment and the term above to see the monthly payment for each program, then check the final terms with the bank.
For a ֏30,000,000 home with 20% down over 15 years, at 6.9% (the lowest dram rate listed here) the payment comes to about ֏214,379 a month. Enter your own numbers in the calculator on this page.
Among the programs listed here it starts at 0% of the price, depending on the bank and the program. A larger down payment means a smaller loan and a lower monthly payment.
Banks have programs for apartments in new buildings and on the resale market, for houses and sometimes for land. Choose the kind of home above to see only the programs that finance it.
Armenia has a program that returns income tax paid by employees, up to the interest paid on a mortgage for their home. Who qualifies and the limits have changed over the years, so check the current rules with the State Revenue Committee and your bank.
No. realest.am shows banks’ published terms so you can compare them. The bank decides on your application, the rate and the amount: apply on the bank’s site.