How to Get a Mortgage from Ardshinbank on Favorable Terms?

Ardshinbank offers some of the most flexible and accessible mortgage solutions on the Armenian market. The bank participates in several government subsidy programs, allowing clients to significantly reduce their interest payments. In addition to standard mortgage products, Ardshinbank also provides special offers for non-residents, military personnel, and young families.

Many mortgage programs are available with online application options, making the process faster and more convenient.

In this article, we’ll explore how to get a mortgage from Ardshinbank, minimize overpayment, and save time.

Top 5 Ardshinbank Mortgage Programs with Competitive Effective Rates

Ardshinbank offers a wide variety of mortgage solutions for different purposes: purchasing, building, renovating, or refinancing an existing loan. The bank is actively involved in government support initiatives, including interest rate subsidies for young families, military personnel, and participants in the “Warm Hearth” refinancing program.

In addition to state-supported options, Ardshinbank also provides its own mortgage products — with fixed or floating rates, online application features, flexible borrower requirements, and transparent terms.

Below are the programs with the lowest maximum effective interest rates (in AMD):

Conclusion: Ardshinbank offers flexible and attractive mortgage terms, especially for those eligible for government programs.

The difference in interest rates can save you millions of AMD. The most important step is to clearly define your mortgage goal.

Sample Calculation

1. Loan amount: AMD 25 million
2. Term: 20 years

With an 8.9% interest rate, the total overpayment would be approximately AMD 13 million.

With a 15.7% interest rate, the overpayment would exceed AMD 38 million.

The difference is more than AMD 25 million, which highlights the importance of selecting the right mortgage program carefully.

In the “Mortgage” section on AFM, you can choose a mortgage that fits your budget and purpose.

Government Programs Supported by Ardshinbank

Ardshinbank participates in several government-backed mortgage initiatives aimed at reducing the financial burden on eligible borrowers:

Affordable Housing – for Young Families

1. Effective interest rate: from 4.4%
2. Down payment: from 7.5%
3. Age requirement: combined age of spouses up to 70 years

Housing for Military Personnel

1. Fixed interest rate: from 11%
2. State subsidies apply to both the interest rate and initial down payment

Energy-Efficient Home Renovation Program

1. Loan amount: up to AMD 5 million for home improvement
2. Grace period: up to 12 months

These programs offer interest rate subsidies, partial down payment assistance, or principal debt reduction, depending on the borrower’s category.

Ardshinbank is an active participant in the Affordable Housing for Young Families, Military Housing, and Energy-Efficient Renovation (“Warm Hearth”) programs.

Want to find out what interest rate you can qualify for?

Use the AFM platform to find the right mortgage offer for your needs.

We collect and regularly update all Ardshinbank mortgage offers, so you can compare terms with other banks and choose the best option for your situation.

In addition to government-backed loans, Ardshinbank also provides proprietary mortgage solutions for clients seeking standard lending terms or funding for a wide range of purposes — from property purchases by non-residents to refinancing existing mortgages, construction, or renovation projects.

You can find out which other banks offer the lowest rates for buying an apartment with a mortgage in Yerevan on our platform.

Ardshinbank Mortgage Programs

In addition to participating in government initiatives, Ardshinbank offers a range of proprietary mortgage products. Here are the main directions:

Mortgage for Property Purchase

A classic mortgage program for buying real estate on the primary or secondary market.

1. Rate: fixed or floating
2. Term: up to 20 years
3. Down payment: from 10%

Home Renovation Loan

For homeowners planning renovations or improvements.

1. Loan amount: up to AMD 5 million
2. Term: up to 20 years
3. Down payment: may not be required

Mortgage for Non-Residents

A special program for citizens living abroad.

1. Rates: from 2.5% in euros or 4% in USD
2. Down payment: from 30%
3. Online application available

Mortgage Refinancing

Transfer an existing mortgage from another bank to Ardshinbank under more favorable conditions.

1. Down payment: from 0%
2. Rate: depends on loan amount and type

Construction Loan

For building a home from scratch or completing an unfinished project.

1. Down payment: from 0%
2. Term: up to 20 years

All programs come with transparent terms, early repayment without penalties, and a wide selection of currencies. To find a mortgage that fits your goal, use AFM — we’ll help you avoid overpayments and choose the best bank offer.

Comparison: Standard Mortgage vs. Government-Supported Mortgage

Conclusion:

Government programs significantly reduce the total cost of the loan and lower borrower requirements.

Program Parameter Comparison Table

Here’s a simplified comparison of key terms across Ardshinbank’s mortgage programs:

What to Consider When Choosing a Mortgage at Ardshinbank

When selecting a mortgage, it’s essential to take into account all potential costs — not just the interest rate. Key factors include:

1. Type of interest rate: fixed or floating
2. Loan term: from 3 to 30 years
3. Refinancing rate: may be higher for large loan amounts
4. Required documents: an extensive list including ownership certificates, passports, income statements, etc.

Mortgage Process and Fees at Ardshinbank

Understanding the full mortgage process helps you avoid delays and unexpected expenses.

While some programs offer down payments as low as 0%, others — especially for non-residents — may require up to 30% of the property value.

Even though servicing fees may be minimal or waived, borrowers should be prepared for mandatory transaction-related expenses, such as:

Some mortgage programs may also include cadastral fees, payment for the unified ownership certificate, and additional notary services.

Tip:

Before applying, compare all available mortgage offers and use the AFM platform to calculate the full cost of your loan.

This will help you avoid hidden charges and choose terms that align with your financial situation.

Mortgage Terms for Non-Residents at Ardshinbank

Ardshinbank offers mortgage loans not only to Armenian citizens but also to non-residents — individuals who do not officially reside in Armenia or who hold foreign citizenship. This program is particularly relevant for the Armenian diaspora seeking to purchase property in Armenia, as well as for foreign investors considering real estate as an asset or a permanent base for visits to the country.

The program is designed for:

1. Foreign nationals without Armenian residency
2. Armenian citizens living abroad for more than 183 days a year
3. Individuals with dual citizenship, whose primary income is earned outside Armenia
4. Members of the Armenian diaspora looking to buy a home in their homeland
5. Foreign investors planning to purchase real estate in Yerevan or other regions

Key Terms:

1. Interest rates: from 9.5% (AMD), 4% (USD), 2.5% (EUR)
2. Loan term: up to 20 years
3. Down payment: from 30%
4. Available currencies: AMD, USD, EUR
5. Online application: available
6. Foreign income verification: required

Required Documents:

1. Passport (and citizenship documents, if applicable)
2. Proof of income, including documents from abroad
3. Marriage certificate (if applicable)
4. Social card (if available)
5. Property-related documents
6. Payment receipts for service fees

The bank may request additional documents, such as:

1. Proof of income sources from abroad
2. Employment certificates
3. Bank statements
4. Other relevant papers depending on the borrower’s country of residence

Step-by-Step Guide: How to Get a Mortgage at Ardshinbank

1. Choose a program – You can compare offers from all Armenian banks using the AFM platform or apply directly at the bank of your choice.
2. Prepare your documents – This includes your passport, income statements, and supporting certificates.
3. Submit your application – Either online or at a bank branch.
4. Wait for approval – Typically takes up to 7 business days.
5. Sign the agreement – You may also need to pay for insurance if required.
6. Receive the funds – The bank transfers the loan amount directly to the property seller.

Can You Get a Mortgage Without a Down Payment?

Yes, Ardshinbank offers mortgage options starting from 0% down payment for certain programs — particularly for:

1. Construction, renovation, or refinancing loans
2. Government-subsidized programs that cover part of the down payment
3. Employer-supported borrowing or secondary collateral

In such cases, you may be able to secure a mortgage with little to no personal funds, especially if you qualify for state assistance (e.g., for military personnel).

Can You Get a Mortgage Without a Credit History?

Yes, Ardshinbank considers mortgage applications from clients with no prior credit history, provided that:

1. You are officially employed and can verify your income
2. You have been working for at least 4 months
3. You involve a co-borrower or guarantor

In these cases, the bank may request additional guarantees — such as a larger down payment or a second collateral asset.

Mandatory Expenses When Applying for a Mortgage at Ardshinbank

Tip:

Make sure to clarify all associated fees in advance, so you don’t encounter unexpected costs when signing the contract.

FAQ: Mortgage at Ardshinbank

Q: Can I apply online?

A: Yes, Ardshinbank offers online application options for several mortgage programs, including loans for non-residents. This is especially convenient for applicants living abroad — you can submit your application, upload the required documents, and go through the initial approval process without visiting a branch. Once approved, a bank representative will contact you to finalize the details and proceed with signing the agreement.

Q: What is the minimum down payment?

A: It depends on the specific program. Minimum down payments start from 0%, for example:

1. 0% – for construction, renovation, or refinancing loans
2. From 7.5% – under the “Affordable Housing for Young Families” government program
3. From 10% – for the purchase of ready-to-move-in property
4. From 30% – for non-resident mortgage programs

Providing a second collateral, receiving government subsidies, or employer support can help further reduce your down payment.

Q: What is the maximum loan term?

A: The maximum mortgage term at Ardshinbank varies by program and can be up to 30 years:

1. Up to 20 years – for standard mortgages
2. Up to 20 years – for programs targeting military personnel and young families
3. Up to 30 years – for specific government-backed housing programs, especially for military borrowers

A longer term reduces monthly payments but increases total interest paid over time.

Q: Is early repayment allowed?

A: Yes, early repayment is allowed without any penalties or fees across all Ardshinbank mortgage programs. You can repay your mortgage in full or in part at any time, reducing the total interest paid and shortening the loan term.

Q: What documents are required?

A: The typical document package includes:

1. Passport
2. Proof of ownership or property documents
3. Income verification documents
4. Marriage certificate (if applicable)
5. Children's documents (if applicable)
6. Energy certificate (if required)
7. Payment receipt for the application review fee

The complete list of required documents depends on the selected mortgage program. We recommend checking the most up-to-date list on the AFM platform under the “Mortgage” section.

Final Thoughts: Ardshinbank Mortgages – Maximum Flexibility, Minimal Overpayment

Ardshinbank offers some of the most flexible mortgage conditions in Armenia, with rates starting from 2.5% for non-residents and down payments from 0% for renovation and construction programs.

The bank’s portfolio includes over 10 different mortgage options, including participation in key government initiatives such as:

1. “Affordable Housing for Young Families” – effective rates from 4.4%
2. “Housing for Military Personnel” – fixed rates starting at 11%

A major benefit of Ardshinbank is the ability to apply online, especially valuable for non-residents. Loans are available in AMD, USD, and EUR, with minimum down payments from 30% and rates from 2.5% in euros.

You can repay your mortgage early without penalties, and fees are transparent and predictable — starting from AMD 5,000 for the application review, with total notary and valuation costs ranging up to AMD 105,000.

Even if you don’t have a credit history, your application may be approved — as long as you can verify stable income, official employment, or bring in a co-borrower or guarantor.

With Ardshinbank, you can get a mortgage for nearly any purpose — buying an apartment, building a home, or refinancing — regardless of your citizenship or credit experience.

Just compare the options and calculate the full cost, and AFM can help you do that in under 2 minutes — so you won’t overpay.