National Mortgage Company Mortgage Loans

Do you want to acquire real estate property in the regions of Armenia? Apply for mortgage loans in Inecobank! Within the framework of "National Mortgage Company" receive loans with beneficial terms.

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Main Conditions Terms & Conditions Additional Documents

Loan amount

Non EE loans - 1 500 000 - 60 000 000 AMD
EE loans - 3 000 000 - 45 000 000 AMD

Interest rate type

Fixed

ATTENTION: THE NOMINAL INTEREST RATE OF THIS LOAN MAY BE CHANGED BY THE BANK

Proportionately to the change in the refinanced interest rates of the loans refinanced by the NMC RCC and/or to the termination of refinancing. The maximum adjusted (increasing or decreasing) part of the Fixed Interest Rate cannot exceed 3 (three) percentage points. The Fixed Interest Rate cannot be changed during the first three years of the loan validity term.

Borrower's age

The borrower's age at the end of the loan term cannot exceed 70 years. In the existence of a co-borrower, the specified requirement refers to at least one of the borrowers.

Annual nominal interest rate

In case of up to 45,000,000 AMD EE loans - 11.5%

In case of up to 35,000,000 AMD non EE loans - 12%

In case of non EE loans higher than 35,000,000 AMD - 14.7%

Annual percentage rate

In case of up to 45,000,000 AMD EE loans - 12․34-14.63%

In case of up to 35,000,000 AMD non EE loans - 12․29-15․22%

In case of non-EE loans higher than 35,000,000 AMD - 15.99-18.48%

Maturity period

- minimum 120 months

- maximum 180 months

Maximum value of the acquired real estate

In case of loans up to 35,000,000 AMD, the maximum amount of and the estimated market value is 55 million AMD.
In case of loans exceeding 35,000,000 AMD, the maximum amount of real estate acquisition and the estimated market value is 90 million AMD.

Down payment

at least 30%,
or at least 10%, if the another property is pledged apart from the acquired property
at least 7.5% for unmarried borrowers aged 30, if the property is acquired from the construction company and another property is pledged apart from the acquired property

Pledge

maximum LTV ratio for the acquired property is 70%

Account service one-off fee

0.5% of loan amount, but not less than AMD 60 000

Loan withdrawal fee

For acquisition - 0%
For renovation and construction - according to the relevant bank account tariff plan

Insurance

Property insurance in the sum equal to the loan balance
Accident insurance of the borrower and co-borrower (if applicable) in the sum equal to the loan balance.

Guarantee

Guarantee of a family member, other physical or legal entity may be required

Repayment method

monthly principal is repaid in equal installments
monthly equal repayments (annuity)

Repayment of overdue liabilities

For each delayed day, a 0.13%

penalty is applied on the overdue amount.

Early repayment fee

Not Applied

Deadline of making the loan provision decision and notifying the customer

2-5 business days

Loan provision duration

7-10 business days

ATTENTION:
Loan interest rate is calculated based on the nominal interest rate, whereas the annual percentage rate indicates how much the loan would cost in case of repayment of interest amount and other payments under the defined timeline and terms. For more information please refer to the "Annual Interest Rate Calculation Guide".

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.

Updated as of 15.07.2026 15:40