Ardshinbank Mortgage — Compare Terms
All mortgage programs from Ardshinbank in Armenia: rates, down payment, and loan terms. Compare current conditions and choose the right program for your property purchase.
Affordable housing for young families.
4.4% - 8.9%
7.5%
to 27 750 000֏
from 7%
Mortgage Loan for Military Personnel
6.3% - 11.6%
11%
to 25 650 000֏
from 10%
Mortgage Loan for Military Personnel
8.1% - 13.5%
12.75%
to 25 650 000֏
from 0%
Mortgage Loan for Military Personnel
8.3% - 13.5%
12.75%
to 25 650 000֏
from 10%
Construction loan
12.3% - 15.7%
12.7% - 13.2%
to 200 000 000֏
from 0%
Рurchase of residential property.
12.4% - 14.1%
12.7% - 13.2%
to 200 000 000֏
from 10%
Refinancing of mortgage loans
12.4% - 14.1%
12.7% - 13.2%
to 200 000 000֏
from 0%
Renovation loan
12.9% - 16.06%
12.7% - 14.5%
to 100 000 000֏
from 0%
Simplified loan for repairs
13.8% - 15.6%
12.5% - 13%
to 40 000 000֏
from 0%
Mortgage loans for non-resident individuals of the Republic of Armenia
14% - 14.9%
14% - 14.9%
to 200 000 000֏
from 35%
Construction loan
15% - 15.7%
14.1% - 14.5%
to 35 000 000֏
from 0%
Рurchase of residential property.
15.1% - 16.8%
14.1% - 14.5%
to 35 000 000֏
from 10%
Refinancing of "Warm Hearth" microloans for energy-efficient home renovation.
18.2% - 19.1%
13.2%
to 5 000 000֏
from 0%
Mortgage loans for non-resident individuals of the Republic of Armenia
8.9% - 9.9%
8.9% - 9.9%
to 400 000€
from 35%
Mortgage loans for non-resident individuals of the Republic of Armenia
10.6% - 11.8%
10.6% - 11.8%
to 400 000$
from 35%
News about mortgages
New Housing Program for Displaced Persons from Artsakh to Launch in Armenia
Total loan volume in Armenia has reached a historical high
Ardshinbank becomes the market leader by number of mortgage products in Armenia according to AFM analysis for January 2026
Real estate prices in Armenia increased by 5.5% year-on-year – Central Bank
VTB Bank changed mortgage loan terms and conditions
Citizens of Armenia will be able to pay off their loans using income tax funds
What is a mortgage and how does it work?
A mortgage is one of the most convenient ways to buy an apartment, a private house, or commercial real estate in Armenia. Banks offer various lending conditions, and with government-supported mortgage programs, it is possible to take out a mortgage in Armenia with a minimal down payment and low interest rates. A mortgage is a targeted loan for purchasing real estate, where the property serves as collateral until the debt is fully repaid. Many banks in Armenia offer mortgage loans, and their terms can vary significantly.
Where is it more profitable to get a mortgage? What interest rates do banks in Armenia offer? Let’s dive into the details.
Mortgage loans can be used for various purposes, including:
- Buying a home on the primary or secondary market
- Building a property
- Purchasing non-residential premises
- Buying a house or townhouse
- Renovating an existing property
- Buying a parking space
- Purchasing real estate from a developer
It is important to choose the right mortgage program based on your needs.
-
Classic Mortgage
Suitable for purchasing an apartment on the primary or secondary market.
Interest rate: from 8% per annum
Down payment: from 10% of the property value
Loan term: up to 30 years
-
Mortgage for New Developments
Ideal for purchasing property from a developer in a building under construction.
Lowest mortgage rates are available under government programs.
Some developers offer mortgages without proof of income.
-
Military Mortgage
A special program for military personnel.
Interest rate: 5-6% per annum
Government subsidies are available for the down payment.
-
Mortgage for Young Families
Preferential mortgage program for young families in Armenia.
Interest rate: 7-8% in Yerevan, 5-6% in the regions
State subsidies reduce interest rates by 4-6%.
-
Commercial Mortgage
For purchasing offices, shops, warehouses.
Interest rate: from 10% per annum
Loan term: up to 15 years
Choosing a mortgage program depends on several factors, including interest rates, down payment, loan term, and additional conditions. The average mortgage rate in Armenia ranges from 9% to 14% per annum, but special programs offer more favorable conditions.
Key parameters to consider:
- Interest rates: vary depending on the bank and borrower category
- Down payment: most banks require 10% to 30% of the property's cost
- Loan term: usually up to 20 years
- Documents required: passport, income statement, real estate documents
Some banks offer mortgages with no down payment, but such loans typically have higher interest rates.
Getting a mortgage involves several key steps. Follow these steps to secure a mortgage loan:
- Assess your financial capabilities. Calculate how much you can allocate for the down payment. Ensure that your monthly mortgage payment does not exceed 30-40% of your income.
- Choose a mortgage program. Compare bank offers on AFM to find the best option. Consider the interest rate, loan term, early repayment terms, and possible fees.
- Gather necessary documents:
* Passport
* Social security card
* Proof of income or tax declaration
* Property purchase agreement
* Credit history report (if required) - Submit an application to the bank. Apply online through AFM.am or visit the bank directly. Pre-approval usually takes from a few hours to several days.
- Property evaluation. The bank will order an independent appraisal to assess its liquidity. The appraisal value affects the loan amount and interest rate.
- Sign the loan agreement. Review the loan terms, including interest rate, repayment schedule, and late payment penalties. Sign the agreement at the bank or online if digital signature services are available.
- Register the mortgage and receive the loan. Loan funds are transferred to the seller’s account or the borrower’s account, depending on the loan terms. The mortgage is registered with the state property registry.
- Start payments and insurance. The first loan payment is usually made one month after receiving the funds. Some banks require mandatory life and property insurance.
Which banks in Armenia offer mortgages?
Most major banks, including Ameriabank, Inecobank, and ACBA Bank, offer mortgage loans. Loan conditions vary, so it is best to compare offers on AFM to find the best deal.
What is the minimum interest rate for a mortgage in Armenia?
Rates start at 5-6% per annum for government-supported mortgages and 8-12% per annum for standard programs.
Can I get a mortgage without a down payment?
Yes, some banks offer zero down payment mortgages, but they usually require additional collateral or participation in a government program.
What are the mortgage terms for young families?
The state program for young families provides reduced rates starting from 5% per annum and partial payment subsidies.
Can I get a mortgage for a newly built property?
Yes, banks provide mortgages for new developments, often with lower interest rates and simplified conditions.
What is the maximum repayment period for a mortgage?
Mortgage terms typically extend up to 30 years, depending on the bank, loan amount, and borrower’s age.
Can I repay my mortgage early?
Yes, most banks allow early repayment without penalties, but it is best to clarify this with your bank.
How does government-supported mortgage financing work?
The government subsidizes part of the interest rate or down payment, making mortgages more affordable. For example, young families and IT specialists can access mortgage rates starting at 5% per annum.
What should I do if I can't make my mortgage payments on time?
If you face financial difficulties, it’s best to contact the bank in advance. Possible solutions include loan restructuring, payment deferrals, or refinancing.
Can foreigners apply for a mortgage in Armenia?
Yes, but conditions are stricter: foreigners typically need Armenian residency, proof of income, and a higher down payment.
Can self-employed individuals apply for a mortgage?
Yes, some banks offer mortgages to self-employed individuals and entrepreneurs, provided they can show tax declarations or other proof of income.
What additional costs are associated with getting a mortgage?
Common expenses include:
- Property appraisal fees (paid by the borrower)
- Home insurance (often required)
- Government fees for mortgage registration
- Bank loan processing fees (if applicable)
How does the mortgage approval process work?
The process involves:
- Selecting a property and choosing a mortgage program
- Collecting and submitting documents to the bank
- Preliminary loan approval
- Property valuation
- Signing the loan agreement and registering the transaction
- Loan disbursement and fund transfer to the seller
How can I compare mortgage options?
The best way is to use AFM, which collects all up-to-date mortgage programs from Armenian banks, allowing you to quickly find the most favorable terms and apply online.
A mortgage in Armenia is an accessible way to purchase a home, but selecting the best program requires careful analysis. Compare offers today on AFM.am, where we gather all bank proposals in one place, analyze their transparency, and help you find the most advantageous option!