Mortgage for Military Personnel from Converse Bank
Converse Bank
for Military Personnel
Relevant for 09.10.2026
Effective rate
6.23% - 10.58%
Rate
11% - 13%
Amount
to 25 650 000֏
Down payment
from 10%
Term
10 - 20 years
Available for non-residents of Armenia
No
Mortgage loans provided to military personnel of the officer and senior non-commissioned officer ranks of the Ministry of Defense of the Republic of Armenia, as well as those serving in the national security and state protection agencies, under the state support program for the acquisition of an apartment or a house. | |
Purpose | new build, secondary market, house |
Collateral | Acquired property Additional real estate |
Down payment | from 10% |
Loan term | 10 - 20 years |
Loan currency | ֏ |
Loan amount | to 25 650 000֏ |
Payment type | Annuity |
Validity period of the decision | 7 business days |
Additional terms | The amount of state support for the down payment is 2 500 000 AMD 5 percentage points of the annual nominal interest rate are subsidized by the state |
This loan can be taken under the following programs: | State Targeted Support Program "On the Acquisition of Apartments or Residential Houses or the Construction of Residential Houses by Contracted Military Officers and Senior Warrant Officers" |
Documents required for application: Identification documents of the borrower, co-borrowers and family members, Marriage, divorce, birth and death certificates, if applicable, Certificate from the place of work, Documents confirming secondary income, Certificate of ownership of the acquired property, Documents confirming the identity of the property owners and the grounds for the acquisition, Other documents at the request of the bank |
Data collected and verified by AFM.
Terms apply to the bank's head office and may differ at its branches.
Other mortgage programs at Converse Bank
Effective rate
7.83% - 24%
Rate
7.5% - 14.1%
Amount
from 5 000€
Down payment
from 10%
Effective rate
10.55% - 24%
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10% - 16.2%
Amount
from 5 000$
Down payment
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Effective rate
12.48% - 24%
Rate
11.75% - 14.05%
Amount
from 2 000 000֏
Down payment
from 10%
Converse BankEnergy-efficient renovation
Effective rate
0% - 16.63%
Rate
9% - 18%
Amount
to 10 000 000֏
Down payment
from 10%
State program
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