Which Banks Offer Loans Without Proof of Official Income?

Not all residents of Armenia can provide an official income statement from their employer. This is especially relevant for self-employed individuals, freelancers, entrepreneurs, and those earning income unofficially. However, the absence of formal employment does not necessarily mean a bank will deny you a loan. Many banks in Armenia issue loans without requiring official proof of income, particularly if the applicant has a good credit history, stable account deposits, or is able to offer collateral.

Not sure where to start? AFM will help you find the best loan offers tailored to your situation—whether you're self-employed, an entrepreneur, or a freelancer. We compare the terms of dozens of banks and help you find a loan without hidden fees or unnecessary complications. Discover what you qualify for—use AFM’s free loan matching tool and save time and money.

This guide features a list of banks that offer loans without an income certificate. You'll find up-to-date offers, including:

1. Loan amounts — from small consumer loans to larger secured loans
2. Loan terms — up to 5 years
3. Interest rates — both nominal and effective
4. Application process — online applications, collateral requirements, borrower criteria

If you're looking for a loan in Armenia without formal employment, but still want favorable conditions, this article is for you. It includes:

1. Loans without income certificates
2. Consumer loans
3. Secured loans
4. Options with minimal document requirements

We’ll also highlight which banks accept online applications and how to increase your chances of approval.

The content is based on verified data from banks, so you can compare offers and choose the best loan without wasting time.

What You Should Know Before Applying

Before diving into the list, here are three key points to consider:

1. Collateral: Many loans without income proof still require collateral—such as real estate or gold.
2. Credit history: If you’ve taken loans before and repaid them on time, your chances of approval increase.
3. Online applications: Most banks now allow you to apply via their website or mobile app—saving you valuable time.

Top Banks Offering Loans Without Income Verification

Our Top 3 banks were selected based on accessibility: priority was given to loans without income certificates, without collateral, minimal document requirements, online application options, and reasonable interest rates.

We’ve also created a separate section for secured loans, as they are available without income proof but do require collateral - such as gold or real estate.

This structure helps readers navigate quickly: first, by reviewing the most accessible options, and then exploring more secure options if they can provide collateral.

1. VTB (Armenia)

Amount: from AMD 100,000 up to 15 times your salary

Term: 6–60 months

Interest rate (nominal): 15.2%–19%

Interest rate (effective): 17.01%–22.12%

Features: unsecured loan without income verification, available with a good credit history

2. Unibank

Product: “Non-Cash” Loan

Amount: from AMD 100,000 to AMD 1,000,000

Term: up to 48 months

Interest rate (effective): 21.5%

Features: no collateral required, suitable for any consumer purpose, minimal document requirements

3. ACBA Bank

Product: Unsecured Consumer Loan

Amount: up to AMD 10,000,000

Term: up to 60 months

Interest rate: 19.9%–21.6%

Features: no income certificate required if the borrower has a stable (not necessarily documented) income

Consider Secured Loans: Lower Rates and Higher Approval Chances

If you don’t have official income but do have assets—such as gold, electronics, or real estate—consider the following options:

4. Fast Bank

Product: Loan Secured by Valuables

Amount: up to AMD 500,000,000

Term: up to 60 months

Interest rate: 21.7%–24%

Features: income verification not required if collateral value is at least 130% of the loan amount

5. EvocaBank

Product: Pawn Loan Secured by Gold

Amount: up to AMD 50,000,000

Term: up to 36 months

Interest rate: 17.97%–19.59%

Features: no income verification required, collateral — gold items (up to 95% of appraised value)

Conclusion

It is absolutely possible to get a loan in Armenia without official proof of income—especially if you can provide collateral or have a strong credit history. This opens opportunities for freelancers, self-employed individuals, and those earning informal income. Before applying, carefully assess your financial capabilities and compare offers.

Use AFM to find the most favorable loan options — get personalized recommendations and avoid overpaying.