Mortgage loan (for real estate acquisition or construction)

Do You want to acquire land, a flat, a house or reconstruct Your flat or do You intend to construct a new house? Make Your dream come true through mortgage loans offered by Armenian Development Bank.

*loan/collateral ratio is up to 70% in case of prepayment, loan/acquired real estate collateral is up to 100% in case of additional pledge (without prepayment), loan/acquired and additional real estate pledge ratio is up to 60%          

Changes in exchange rate of foreign currency can influence loan payments made in foreign currency. During mortgage loans for real estate acquisition or construction, real estate insurance isn't required.   

The decision on mortgage loans is made within 10 working days following submission of required documents by a customer to the Bank. Within maximum 2 working days a borrower is informed about the decision and he is provided with a loan within maximum 3 days once required documents envisaged for the contract have been submitted. In case a loan application is turned down, a customer received written notification about the reasons of rejection.

Stipulations for the Bank's approval to provide a customer a loan are as follows:

• ability to pay the loan
• existence of borrower's financial resources
• the quality and type of loan security
• loan history of a borrower
• transfers of accounts in the Bank
• characteristics and field of activity
• general economic conditions impacting on a borrower's activity
• personal qualities of a borrower
• the opportunity of supervision over the loan

Mortgage estimation and formal procedure

Basic funds are estimated by independent estimating companies collaborating with the Bank according to tariffs defined by the companies. All the expenses and mortgage estimation and formal procedure (notarial certification, registration in territorial subdivisions of real estate cadastre) are covered by a borrower.   

There aren't stipulations limiting loan availability.

The list of documents

Mortgage loan (for repairing real estate)

Do You want to repair Your flat breathing new life into it but have no sufficient funds? Armenian Development Bank offers the following terms of mortgage loan for real estate repair.

Changes in exchange rate of foreign currency can influence loan payments made in foreign currency.

The decision on mortgage loans is made within 10 working days following submission of required documents by a customer to the Bank. Within maximum 2 working days a borrower is informed about the decision and he is provided with a loan within maximum 3 days once required documents envisaged for the contract have been submitted. In case a loan application is turned down, a customer received written notification about the reasons of rejection.

Stipulations for the Bank's approval to provide a customer a loan are as follows:

• ability to pay the loan
• existence of borrower's financial resources
• the quality and type of loan security
• loan history of a borrower
• transfers of accounts in the Bank
• characteristics and field of activity
• general economic conditions impacting on a borrower's activity
• personal qualities of a borrower
• the opportunity of supervision over the loan

Mortgage estimation and formal procedure

Basic funds are estimated by independent estimating companies collaborating with the Bank according to tariffs defined by the companies. All the expenses and mortgage estimation and formal procedure (notarial certification, registration in territorial subdivisions of real estate cadastre) are covered by a borrower.   

There aren't stipulations limiting loan availability.

The list of documents