Floating Interest Mortgage Loans

Looking for a new apartment? Financial issues are not a hindrance! At Inecobank we offer you floating interest based mortgage loans with attractive terms.

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Main Conditions Terms & Conditions Additional Documents

Loan Amount

3 000 000 - 80 000 000

Interest Type

Floating

Annual nominal interest rate*

AMD
Unchanged first three years 13%, then floating

In case of receiving salary or income through Inecobank accounts

for property acquisition: fixed 12.5% for the first 3 years, then floating

USD

Fixed for the first 3 years-10,5%, then floating

For the customers who have joined the bank account "Current" tariff plan, and who will receive their monthly salary

Through the accounts opened in the Bank

For property acquisition: fixed for the first 3 years- 10%, then floating

*In case there is an insurance requirement for real estate to be acquired or repaired and/or accident insurance requirement for the borrower and co-borrowers (if any), insurance may be provided by the Bank upon the customer's consent, in which case the annual nominal interest rate of the loan is increased by 0.17 percentage points for each type of insurance.

The Bank ensures the fulfillment of insurance during the entire term of the agreement, except for the first year of the loan term, which is provided by the customer.

Annual percentage rate

AMD: 13.38%-18.48%
USD: 10.57%-15.57%

THE AVERAGE EXCHANGE RATE PUBLISHED BY THE CBA OF RA ON 25/02/2022 WAS TAKEN AS THE BASIS FOR CALCULATING THE ANNUAL ACTUAL INTEREST RATE OF MORTGAGE LOANS IN USD. THE ANNUAL ACTUAL INTEREST RATE MAY CHANGE DEPENDING ON THE CHANGE IN THE AMOUNT OF THE EXCHANGE RATE PUBLISHED ON THE OFFICIAL WEBSITE OF THE CBA OF RA.
Regardless of the amount of the specified fixed interest rate, it cannot be less than the 6-month USD LIBOR rate available as of the moment plus 6 percentage points.

IN THE CASE OF A FLOATING INTEREST RATE, THE ANNUAL NOMINAL INTEREST RATE OF THE LOAN IS REVISED BY THE BANK AT LEAST 2 TIMES A YEAR. THE MAXIMUM THRESHOLD FOR INCREASING/DECREASING THE ANNUAL NOMINAL INTEREST RATE IS DETERMINED FOR LOANS IN AMD +/- 1.5 PERCENTAGE POINTS, FOR LOANS IN USD +/- 1 PERCENTAGE POINT

Loan maturity period

minimum 36 months
maximum 360 months

Pledge

For acquisition and construction:
AMD - 80%

USD-70%

In case of renovation: 60%
In case of acquisition, the minimum of the market and purchase values shall be taken as the collateral value. In case of additional mortgaged real estate, the market value of the property is accepted as the collateral value.

Prepayment amount

at least 20%, or
0%, if another property is pledged, along with the acquired one

Amounts payable for lending to the Bank

1. Account opening fee
According to the tariff plan of the relevant bank account

2․Cash withdrawal commission in case of AMD loans:

Withdrawal fee: 0%
Loan amount։ in case of acquistion` 0%

In case of USD loans:

Prepayment amount: 0%
Loan amount: 3%

3․ Account service additional one-off fee (is charged at the time of loan disbursement)

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

Insurance

Insurance of the property and insurance against accidents may be required, in the amount equal to the loan balance.

Guarantee

A guarantee of a family member, physical or legal entity may be required.

IF THE BORROWER FAILS TO FULFILL ITS OBLIGATIONS, THE GUARANTOR UNDERTAKES TO PAY INSTEAD OF THE BORROWER, AS WELL AS THE GUARANTOR'S CREDIT HISTORY WILL GET WORSE AND THE GUARANTOR MAY LOSE HIS/HER OWN PROPERTY.

Loan provision method

One time or in tranches; non-cash

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

Mortgage loans provided within the RA Law on Housing Mortgage Lending can be repaid early (in whole or in part) at any time, in which case no penalty is applied for the early repaid amount.
In case of mortgage loans provided outside the scope of the RA Law on Housing Mortgage Lending (for commercial/public/industrial and other type of real estate), a penalty of up to 5% of the early repaid amount may be applied.

Deadline of making the loan provision decision and notifying the customer

2 - 5 business days

Deadline of loan provision

7 - 10 business days

Commission for loan terms revision

20,000 AMD

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 12:27