Mortgage Refinancing of "Warm Hearth" microloans for energy-efficient home renovation. from Converse Bank
Converse Bank
Refinancing of "Warm Hearth" microloans for energy-efficient home renovation.
Relevant for 09.10.2026
Effective rate
15.36% - 16.56%
Rate
14%
Amount
to 3 000 000֏
Down payment
from 10%
Term
5 - 7 years
Available for non-residents of Armenia
No
Renovation of residential real estate aimed at improving energy efficiency. | |
Purpose | renovation |
Collateral | Renovated property |
Down payment | from 10% |
Loan term | 5 - 7 years |
Loan currency | ֏ |
Loan amount | to 3 000 000֏ |
Payment type | Annuity and Differentiated |
Validity period of the decision | 7 business days |
This loan can be taken under the following programs: | Not a government program |
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%
Rate
10% - 16.2%
Amount
from 5 000$
Down payment
from 10%
Effective rate
12.48% - 24%
Rate
11.75% - 14.05%
Amount
from 2 000 000֏
Down payment
from 10%
Converse Bankfor Military Personnel
Effective rate
6.23% - 10.58%
Rate
11% - 13%
Amount
to 25 650 000֏
Down payment
from 10%
State program
Converse BankEnergy-efficient renovation
Effective rate
0% - 16.63%
Rate
9% - 18%
Amount
to 10 000 000֏
Down payment
from 10%
State program
Converse Bank also offers:
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