Floating Interest Mortgage Loans

You have applied for mortgage loans to acquire a new property, renovate the old one or construct a new property, however the provided terms are not attractive enough? Transfer your existing mortgage loans to Inecobank and enjoy the favorable terms and conditions offered. Furthermore, significantly reduce the amount of monthly repayments with the offered up to 30 years maturity period.

APPLY

Main Conditions Terms & Conditions Additional Documents

Loan Currency

֏ | $

Loan Purpose

Refinancing of existing mortgage loans

Loan amount

For the acquisition and construction purposes

AMD 3 000 000 - 80 000 000

USD 6 000 - 160 000

For the renovation purpose

AMD 1 500 000 - 30 000 000

USD 3000 - 60 000

Interest type

Floating

Annual nominal interest rate

For AMD Loans

Acquisition: Fixed for the first three years: 13%, later floating
Renovation & Construction: Fixed for the first three years: 13.5%, later floating

For USD loans

Acquisition: Fixed for the first three years: 10.5%, later floating
Renovation | Construction: Fixed for the first three years: 11%, later floating

Annual percentage rate

For AMD Loans

Acquisition: Fixed for the first three years: 13.38-18.48%
Renovation & Construction: Fixed for the first three years: 14.52- 23.15%

For USD loans

Acquisition: Fixed for the first three years: 10.57-15.57%
Renovation | Construction: Fixed for the first three years: 11.10-19.84%

Floating interest calculation and review terms and conditions

Loan maturity period

For the acquisition and construction purposes

minimum 36 months

maximum 360 months

Renovation purposes

minimum 36 months

maximum 120 months

Pledge

maximum LTV ratio for the acquired property is 80%
maximum LTV ratio for the renovated property is 60%

Prepayment amount

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

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

Property insurance and insurance against accidents may be required, in the amount equal to loan balance

Guarantees

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

Loan provision method

One time or in tranches; non -cash

Loan repayment

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

Deadline of loan provision

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 12:27