Which Banks Issue Loans to Non-Residents in Armenia? Conditions, Amounts, and Rates

Non-residents can obtain loans in Armenia, but the terms often differ from those offered to Armenian citizens. The key distinction is an individual assessment of each application. Banks evaluate the provided documents, income level, availability of collateral, and credit history.

In this article, we’ve compiled current offers from Armenian banks as of May 23, 2025, that provide loans to non-residents, including secured loans backed by gold and unsecured consumer loans.

If you're unsure where to start your loan search in Armenia, try using AFM — a smart tool that helps you find the loan options that match your status, income, and financial capacity.

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What Non-Residents Should Know Before Applying for a Loan

Before applying to a bank, make sure to prepare the required documents. The standard package usually includes:

1. Passport of a foreign citizen
2. Social card (if available)
3. Income verification documents (such as an employment certificate or bank statement)
4. Other documents — upon request from the bank

Note: All applications from non-residents are reviewed on a case-by-case basis. Even with a complete set of documents, the bank may decline the application without providing a reason.

Unsecured Consumer Loans

AMIO Bank

1. Product: Standard Consumer Loan
2. Amount: Up to 10,000,000֏
3. Term: Up to 5 years
4. Rate: 15.6% – 24%
5. Features: Available to non-residents, no collateral required

AMIO Bank

1. Product: Scoring-Based Consumer Loan
2. Amount: Up to 3,000,000֏
3. Term: Up to 5 years
4. Rate: 20.75% – 21.94%
5. Features: Automated application assessment; must meet eligibility criteria

Mellat Bank

1. Product: Quick Consumer Loan
2. Amount: Up to 3,000,000֏
3. Term: Up to 3 years
4. Rate: 16.5% – 21%
5. Features: Fast response, minimal paperwork; suitable for non-residents from Iran and neighboring countries

Fast Bank

1. Product: Unsecured Consumer Loan
2. Amount: Up to 15,000,000֏
3. Term: Up to 5 years
4. Rate: 13.81% – 23.1%
5. Features: Competitive option, especially for borrowers with high repayment capacity

Fast Bank

1. Product: Instant Loan
2. Amount: Up to 1,500,000֏
3. Term: Up to 3 years
4. Rate: 23.22% – 23.24%
5. Features: Suitable for urgent cash needs; approval within hours

Inecobank

1. Product: Loan Secured by Gold Items (as an alternative)
2. Amount: Up to 10,000,000֏
3. Term: Up to 5 years
4. Rate: 20.74% – 23.99%
5. Features: Alternative to unsecured loans; lower interest rates compared to standard consumer loans

Ameriabank

1. Product: Consumer Loan
2. Amount: Up to 20,000,000֏
3. Term: Up to 5 years
4. Rate: 22.2% – 23.09%
5. Features: Available to non-residents; application possible both online and at branches

If you don’t qualify for unsecured loan programs, consider secured options. In Armenia, banks offer loans secured by gold items — a rare practice not typically found in Russia. This approach allows borrowers to access funds with minimal income verification and without official employment. Below are the current offers available to non-residents.

Gold-Backed Loans for Non-Residents

Inecobank

1. Product: Loan Secured by Gold Items
2. Amount: Up to 5,000,000֏
3. Term: Up to 5 years
4. Rate: 14.93% – 16.08% (effective)
5. Features: Suitable for non-residents; minimal income verification required

AMIO Bank

1. Product: "Amio-Gold"
2. Amount: Up to 20,000,000֏
3. Term: Up to 5 years
4. Rate: 16.55% – 23.76%
5. Features: One of the highest limits on the market among gold-backed loans

Ardshinbank

1. Product: Consumer Loan Secured by Gold
2. Amount: Up to 2,600,000֏
3. Term: Up to 5 years
4. Rate: 17.16% – 24%
5. Features: Available to non-residents; decision within 1–2 business days

Fast Bank

1. Product: Loan Secured by Valuables
2. Amount: Up to 500,000,000֏
3. Term: Up to 5 years
4. Rate: 21.7% – 24%
5. Features: Highest loan limit among secured loans; ideal for borrowers with high-value items

Comparison Table

Conclusion

Even if you're not a citizen of Armenia, you still have access to both secured and unsecured loans. The key is to prepare the necessary documents, demonstrate a stable income, and choose a bank offering terms that fit your profile.

AMIO Bank, Fast Bank, and Inecobank stand out for their relatively flexible terms for non-residents, offering both gold-backed and unsecured loan options.

Use AFM to compare all available offers, calculate potential overpayment, and find a loan that won’t become a burden.

Share this article with friends — it could be helpful to those who didn’t know that loans in Armenia are available to non-residents too.