Young families may apply to get a mortgage loan if the total age of spouses does not exceed 70.

• If your monthly income is not sufficient to get a mortgage loan, then the co-borrower can assume obligations jointly with you. The Borrower’s family members only (spouses, their parents, sisters and brothers) may act as co-borrowers.
• The customers, whose (spouses and possible co-borrowers) total monthly net income exceeds AMD 800 000, cannot apply for the loan.
• If one of the customers (spouses) owns other residential real estate (be it an apartment or a residential house), he/she cannot apply for the loan, except for the cases when less than 18,0 sq.m falls on per capita (only for persons that actually reside (are registered) in the apartment/residential house).
• The customers, who do not plan to reside permanently in the apartment to be purchased (rent out the house before residence, use it as a summer cottage etc.) cannot apply for the loan

Attention: Loan interest rates shall accrue based on the nominal interest rate, while the effective annual interest rate shall show how much the loan will cost to you in case interests and other mandatory payments with regards to loan disbursement and service are repaid in due amounts and specified timelines.

Dear Customer, the ratings and the number of inquiries generated as a result of your loan applications may affect your overall credit rating in the Scoring systems.

Please follow the armenian version

Please follow the Armenian version

Your property (house, vehicle, or other) may be confiscated in the manner provided for by law where you fail to repay your interests and principal in time.

Where you fail to perform your loan obligations, the loan security, as well as another property of the borrower if the former is insufficient, may be seized and sold in a court or out-of-court procedure both through direct sale and public auction.

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future.  

“Your financial directory”is an electronic system which facilitates the search and comparison of the services offered to individuals, and selection of the best options for you.

You have the right to communicate with a financial institution of your choice by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.

The bank may request additional documents or other information based on the "Know your customer" principle, as well as ask additional questions during oral communication, for the purpose of due diligence of the customer defined by the RA Law "On Combating Money Laundering and Terrorist Financing". 

In accordance with the agreement signed with the USA based on the Compliance Act (FATCA), the financial organization may collect additional information to determine whether you are a US taxpayer.

• The ratio of total monthly principal repayments, Borrower’s and Co-borrowers’ monthly life and property insurance fees to the Borrower’s (Co-borrowers’) net income must not exceed 35 (thirty-five) per cent.
•  After the loan disbursement decision has been made, the required documents shall be collected and the loan shall be disbursed within 15 days maximum. If the loan is not disbursed within the mentioned period, the decision made by the authorized body shall be deemed as void and shall be submitted to the authorized body for a second consideration, in case the loan application is subject to review.

The loan application will be approved if 

1. The customer has submitted the complete package of documentation and the loan application. 
2. The query to the CBA credit register has shown that the Potential Borrower and/or the Potential Co-borrower did not have any classified liabilities and/or was not 30 days past-due within the last 24 months prior to the query. 
3. The ratio of total monthly principal repayments, Borrower’s and Co-borrowers’ monthly life and property insurance fees to the Borrower’s (Co-borrowers’) net income does not exceed 35 (thirty-five) per cent. 
4. The ratio of total payments specified in Point 3 and other long-term monthly expenses (payments on other loans, alimony, tuition fee, leasing charge, utilities etc.) to the Borrower’s (Co-borrowers’) net income does not exceed 45 (forty-five) per cent.
5. The appraised value of the collateral(s) meets the requirements. 
6. Borrower’s and Co-borrowers’ income meet the requirements.
7. The body authorized to take loan decisions approved the customer’s loan application. 
8. Other 

The loan application will be rejected if 

1. The customer has failed to submit the complete package of documentation and the loan application. 
2. The query to the CBA credit register has shown that the Potential Borrower and/or the Potential Co-borrower had classified liabilities and/or was at least 30 days past-due within the last 24 months prior to the query. 
3. The appraised value of the collateral(s) does not meet the requirements.
4. Borrower’s and Co-borrowers’ income does not meet the requirements.
5. Borrower and Co-borrower have submitted false documentation and/or information.
6. The loan rejection basis, which was not deleted, is available in the historical credit database. 
7. The body authorized to tale loan decisions within the Bank has not approved the application.
8. The loan has been approved, but the applicant has failed to present himself/herself within 15 days after approval or has failed to present the necessary documents.
9. Other

Please follow the Armenian version