Mortgage Affordable housing for military personnel from Evocabank
Evocabank
Affordable housing for military personnel
Relevant for 09.10.2026
Effective rate
11.9% - 14.15%
Rate
11% - 12.75%
Amount
to 25 650 000֏
Down payment
from 10%
Term
10 - 20 years
Available for non-residents of Armenia
No
It is provided to contract servicemen of the officer and senior non-commissioned officer ranks within the framework of the state-targeted program for the acquisition of residential real estate directly from the developer. | |
Purpose | new build, secondary market |
Collateral | The collateral for the acquired residential real estate, In the case of acquiring an apartment or residential house under construction, the loan must be secured by 100% of the loan amount in the developer's special account and the pledge of the right to purchase the real estate, until the registration of ownership rights to the acquired real estate, after which the real estate itself becomes the collateral |
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 | 2 banking days |
Additional terms | The amount of state support for the down payment is 2,500,000 AMD |
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: Passport Social card Marriage certificate Children's birth certificate Salary information from the place of work in case of self–employment - a certificate of registration in the State Register Taxpayer's number An assessment report on the acquired property, a certificate of ownership of the property being sold or renovated, Grounds for the purchase of real estate for sale, documents required by the bank |
Data collected and verified by AFM.
Terms apply to the bank's head office and may differ at its branches.
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