Mortgage Construction under the National Mortgage Company program from Evocabank
Evocabank
Construction under the National Mortgage Company program
Relevant for 09.10.2026
Effective rate
13.84% - 14.4%
Rate
12.5% - 13%
Amount
to 45 000 000֏
Down payment
from 30%
Term
10 - 20 years
Available for non-residents of Armenia
No
This loan type is intended for the construction of a residential house that meets the established criteria under the National Mortgage Company construction program | |
Purpose | construction |
Collateral | The land where the real estate construction is taking place / the under-construction real estate, if necessary, additional residential real estate |
Down payment | from 30% |
Loan term | 10 - 20 years |
Loan currency | ֏ |
Loan amount | to 45 000 000֏ |
Payment type | Annuity and Differentiated |
Validity period of the decision | 2 banking days |
Additional terms | In the case of granting loans for the construction of residential houses/villas, the maximum loan amount should not exceed 80% of the amount of the construction work estimate submitted by the client, Loans for construction purposes must be provided in installments (tranches), with the final installment financing the last phase of the construction work and not exceeding 20% of the loan amount, In the framework of the program, the renovation loan estimate must be prepared using an energy efficiency assessment tool, If the borrower’s ownership rights to the land have been registered no more than 1 year ago, all documents that served as the basis for registration must also be presented to confirm that no change has occurred in the land's designated purpose |
This loan can be taken under the following programs: | Not a government program |
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.
Other mortgage programs at Evocabank
EvocabankHouse construction in border areas.
Effective rate
13.8% - 14%
Rate
13%
Amount
to 21 000 000֏
Down payment
from 0%
State program
Effective rate
13%
Rate
13%
Amount
to 8 000 000֏
Down payment
from 0%
Effective rate
0% - 13%
Rate
10% - 13%
Amount
to 45 000 000֏
Down payment
from 1%
State program
Effective rate
11.9% - 14.15%
Rate
11% - 12.75%
Amount
to 25 650 000֏
Down payment
from 10%
State program
Effective rate
7.45% - 8.33%
Rate
6.9% - 7.9%
Amount
to 27 000 000֏
Down payment
from 10%
State program
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