Secured by Collateral Loan

Apply and get loans collateralized by movable or immovable property without any proof of Income.

About Loan Terms & Conditions Additional Documents

Loan type and purpose

Consumer-purpose lending secured by real estate/movable property
Refinancing of consumer loans and credit lines secured by real estate and provided by other financial institutions

Borrower profile

Resident individual of the Republic of Armenia
The borrower must be between 21 and 65 years of age at the time of applying for the loan.

Loan disbursement method

One-time, cashless disbursement

Fee for consents issued by the Bank

AMD 10,000

Loan terms revision fee

AMD 20,000*

*The fee is not charged if the application is rejected

Loan currency

AMD

Fixed interest rate

Floating interest rate

Loan term

60 or 72 months for loans secured by real estate
60 months for loans secured by a vehicle

84, 96, 108 or 120 months for loans secured by real estate

Loan amount

AMD 5 000 000-50 000 000 for loans secured by real estate
AMD 5 000 000-10 000 000 for loans secured by a vehicle

With income verification

Without income verification

Annual nominal interest rate* for loans secured by real estate

Fixed - 14-16%*

Floating - Fixed at 14% - 16% for the first 3 years, floating thereafter

Fixed - 16-17%*

Floating - Fixed at 16% - 17% for the first 3 years, floating thereafter

*For fixed-rate loans with a term of 72 months, the annual nominal interest rate is set 0.5 percentage points higher

In the case of refinancing consumer loans and credit lines secured by real estate and provided by other financial institutions, the annual nominal interest rate is:

The current interest rate of the refinanced loan minus three percentage points, but not less than 14% and not more than 16% for loans with income verification.
The current interest rate of the refinanced loan minus three percentage points, but not less than 16% and not more than 17% for loans without income verification.

Annual percentage
rate for loans secured by real estate

Fixed - 15.26-20.83%

Floating - 15.12-19.88%

Fixed - 17.56-22.07%

Floating - 17.42-21.10%

Annual percentage rate for refinancing loans secured by real estate

Fixed - 14.93-19.26%

Floating - 14.93-18.77%

Fixed - 17.23-20.46%

Floating - 17.23-19.97%

With income verification

Without income verification

Annual nominal interest rate* for loans secured by a vehicle

Fixed - 15-19%

· 19%

Annual percentage rate for loans secured by a vehicle

17.17% - 23.69%

21.96-23.69%

IN THE CASE OF A FLOATING INTEREST RATE, THE ANNUAL NOMINAL INTEREST RATE ON THE LOAN IS REVIEWED BY THE BANK NO MORE THAN TWICE A YEAR. THE MAXIMUM THRESHOLD FOR AN INCREASE/DECREASE IN THE ANNUAL NOMINAL INTEREST RATE IS SET AT +/- 1.5 PERCENTAGE POINTS, AND FOR LOANS IN US DOLLARS, AT +/-1 PERCENTAGE POINT.

One-time loan disbursement fee

0.5% of the loan amount, minimum AMD 50 000, for loans secured by real estate

2% of the loan amount, minimum AMD 30 000, for loans secured by a vehicle

No one-time loan disbursement fee is charged when refinancing consumer loans and credit lines secured by real estate and provided by other financial institutions.

Early loan repayment

Loans may be repaid early at any time, in full or in part, in which case no penalty is applied to the amount repaid early.

Repayment of overdue obligations

A penalty of 0.13% of the outstanding amount is charged for each day overdue

Collateral

Pledge of real estate* or a vehicle
The Bank may, where necessary, require a guarantee from a member of the borrower's family

* In the case of refinancing consumer loans and credit lines secured by real estate and provided by other financial institutions, the real estate pledged as collateral for the refinanced loan.

With income verification

Without income verification

Maximum loan-to-value ratio

Real estate

70% of the appraised liquidation value for property located in Yerevan
65% of the appraised liquidation value for property located outside Yerevan in another location acceptable to the Bank

Real estate

50% of the appraised liquidation value for property located in Yerevan
45% of the appraised liquidation value for property located outside Yerevan in another location acceptable to the Bank

Vehicle

70% of the appraised liquidation value

Vehicle

45% of the appraised liquidation value

IF THE BORROWER FAILS TO FULFIL THEIR OBLIGATIONS, THE GUARANTOR IS REQUIRED TO PAY ON BEHALF OF THE BORROWER. THE GUARANTOR'S CREDIT HISTORY WILL ALSO BE ADVERSELY AFFECTED, AND THE GUARANTOR MAY LOSE THEIR OWN PROPERTY.

Insurance

Accident insurance for the borrower and co-borrowers in the amount of the loan until final repayment, at the Bank's request, depending on the level of credit risk

Repayment method

Annuity payments, equal monthly payments of interest and principal

Early repayment penalty

No penalty is charged for loans not exceeding AMD 15,000,000, inclusive.

For loans exceeding AMD 15,000,000, a penalty of up to 5% of the amount repaid early may be charged if the amount repaid early exceeds the aggregate principal payments scheduled for the six months following the date of early repayment.

Fees for services provided by third parties in connection with lending*

*Regardless of the rates specified in these terms, fees for services provided by third parties may change.

Accident insurance for the borrower and co-borrowers, at the Bank's request, depending on the level of credit risk.

Property appraisal fee

Up to AMD 25,000

Unified certificate

AMD 10,000

Notarization fees

AMD 15,000 - 40,000

Fee for registration of ownership rights to the property

Up to AMD 45,000

State registration fee for the pledge

Up to AMD 27,000

Declaration/consent included in notarial packages

If married, spouse's consent: AMD 8,000-12,000
If unmarried, declaration of unmarried status: AMD 2,000-4,000

Accident life insurance premium

0.15%-0.21% of the loan amount

When pledging a vehicle:

Property appraisal fee

Up to AMD 10,000

Fee for registration of the pledge right

AMD 2,000

Loan decision and customer notification

Within 1 business day after submission of the required documents

Loan disbursement period

Within 7 business days after a positive decision is made

Place of loan disbursement

Loans are processed at the Bank's branches and Central Operations Unit.

METHOD OF COMMUNICATION WITH THE BANK

YOU HAVE THE RIGHT TO COMMUNICATE WITH INECOBANK CJSC USING YOUR PREFERRED METHOD, EITHER BY POST OR ELECTRONICALLY. RECEIVING INFORMATION ELECTRONICALLY IS THE MOST CONVENIENT OPTION. IT IS AVAILABLE 24/7, ELIMINATES THE RISK OF LOSING PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.

YOUR FINANCIAL DIRECTORY

«YOUR FINANCIAL DIRECTORY», WWW.FININFՕ.AM, IS AN ELECTRONIC SYSTEM THAT FACILITATES THE SEARCH AND COMPARISON OF SERVICES OFFERED TO INDIVIDUALS AND HELPS YOU SELECT THE MOST SUITABLE OPTION.

You can review the terms for banking services provided through remote banking systems on the pages of the InecoOnline system and the InecoMobile application.

The essence of credit history and credit score and the ways to improve them

Credit history

Credit history is the information on the obligations undertaken by the Customer. Credit history may have impact on credit decision-making and includes information aged at least 5 years.

Credit history includes:

information on the amount of obligations assumed by the customer, the annual interest, the balance of obligations, the property pledged for them.
history of payments for obligations assumed by the customer, including delays in payments from the established schedule.
Guarantees given to other persons
Information on obligations of related parties of the customer

The customer is entitled to get informed about his/her credit history by performing the actions indicated on the websites https://www.abcfinance.am , Frequently sked questions or www.acra.am

When identifying errors and shortcomings in the credit history, the customers can inform the credit bureau to clarify and correct them or they can directly contact the financial institution that has submitted the information to the credit bureau.

Credit score

A credit score is the creditworthness assessment formed on the basis of information collected on the customer's obligations, which indicates the risk of loan recovery by the specified customer in a certain period of time.

The Bank uses its own scoring system to assess the creditworthiness of customers in the field of retail lending.

The score calculation is based on the following groups of factors:

Credit history of the customer (delays in payments decrease the score)
Information on the customer's employment and income (the latter’s absence decreases the score)
Other social and behavioral factors of the customer (have both positive and negative impact on the score, depending on the type of factor and on how they are expressed)

Ways to improve the credit history and score

To improve their credit history and score, customers should do the following:

make payments for their assumed obligations according to the schedule
avoid credit overload and unsubstantiated new credit applications
avoid providing guarantees to unreliable third parties.

Other provisions

The Bank is entitled to conclude an agreement with the customer on other terms and tariffs different from those defined in this document.
As a rule, any amount deposited into the account is directed by the Bank to the repayment of the amounts payable to the Bank at the time of the deposit by the Customer under the Loan Agreement, including commissions, penalties, interest, and the Loan repayment. The Bank has the right to carry out the repayment specified in this Clause in a different sequence.
For the purpose of customer due diligence defined by the RA Law "On Combating Money Laundering and Terrorism Financing", the Bank may request additional documents or other information from the Customer based on the "Know Your Customer" principle, as well as during oral communication it may ask additional questions to the Customer (if there is such a request).
According to the agreement signed with the USA based on the Foreign Account Tax Compliance Act (FATCA), the Bank may collect additional information to determine whether the Customer is a US taxpayer or not.
Commissions subject to VAT taxation are also VAT-inclusive.

Providing account statements and references

Provision of account statement in the Bank

Free of charge

Providing account statement by post (monthly)

Outside the RA territory – 2000 AMD + postal delivery costs

Providing account statement via E-mail

Free of charge

Providing account statement duplicate

Aged up to 1 year - 1 000 AMD
Aged more than 1 year - 3 000 AMD

Issuance of references and provision of information (aged up to 3 years)

Provision of bank account reference and SWIFT message copy- 3000 AMD**
Information on the details of transactions (including those made through express money transfer systems)- 5,000 AMD***

Information on loans and their collaterals - 5,000 AMD****
Provision of references and information of other type and/or age: 10,000 AMD

* In case of delivery by post the postal delivery cost will additionally be charged
**The copy of the SWIFT message is provided free of charge through the InecoOnline system
***For information on more than 10 transactions, the tariff set for references of "Other type" is applied
****In case of including information on 2 or more agreements, the tariff set for references of "Other type" is applied

Updated as of 16.07.2026 10:43