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Real estate secured without income analysis

Real estate secured without income analysis

To meet customer needs, we drafted a loan type without income analysis.   

If you are a diligent borrower and you can’t submit a proof of income, then we have a simple lending solution for you.       


  • Currency

    USD․ EUR

  • Maximum amount

    USD 100.000, Euro 80,000

  • Maximum period

    36-96 months

  • Interest rate

    USD՝ 13%, 14%, Euro՝ 12%, 13%, actual interest rate՝ USD՝ 15․1-20․8%, Euro՝ 14-20․3% 36-60 months՝ 13%, 61-96՝ 14% (USD) 36-60 months՝ 12%, 61-96՝ 13% (Euro)


RA citizen and resident individual aged 22, whose age shall not exceed 55




Maximum loan amount

USD 3,000

Euro 2,500

Overdraft maximum amount

USD 150.000 

Euro 100,000 

Overdraft maximum maturity 36-96 months
Overdraft annual interest rate

36-60 months՝ 13%, 61-96՝ 14% (USD)

36-60 months՝ 12%, 61-96՝ 13% (Euro)

Overdraft disbursement mode By payment card
Overdraft and interest repayments

Monthly, flat rate depreciation or annuity repayment (annuity repayment shall apply for non-revolving credit lines). 

Type of collateral*

Maximum overdraft-to-value ratio

Real Estate (apartment, dwelling house, public space, except for production premises)

The loan security can be the property located in Yerevan city with 60% LTV, Abovyan, Ejmiatsin, Dilijan, Armavir, Masis, Gyumri, Spitak, Hrazdan, Tsaghkadzor and Ahstarak towns with maximum 50% LTV, and Ijevan, Sevan, Artashat, Martuni, Goris and Vanadzor towns  with up to 40% LTV.

Penalty on past due interest 0.07% daily
Penalty on past due principle  0.06% daily
Requirements to the Borrower’s credit history    The borrower and guarantor must not have past-due/classified liabilities (loan, line of credit, overdraft, guarantee etc.) on the day the loan application is submitted and within 24 months prior to the loan application as well as total days of past-due liabilities shall not exceed 30 days.
Loan application processing fee AMD 5 000 
Fee for compiling and processing the loan file 0.3% of the overdraft amount, AMD 20 000 minimum and AMD 150 000 maximum. 
Credit rating the total of all existing loan liabilities of the Borrower including issued guarantees (except for the real estate secured liabilities) and overdraft may not exceed the LTV indicator+10% of the appraised liquidation value of the pledged collateral set out for the given towns.
Card type MC Standard, Visa Classic
Annual service fee of the payment card

AMD 5000, no minimum balance requirement is set.

Card service fee shall be charged once for the overdraft whole effective period. In case of premature repayment, the amount charged for unused years shall be charged back to cardholder.    

*Exceptions may apply for the age limit where the borrower age does not exceed 65 years of age by loan maturity. 

Attention: Loan interest rates shall accrue based on the nominal interest rate, while the effective annual interest rate shall show how much the loan will cost to you in case interests and other mandatory payments with regards to loan disbursement and service are repaid in due amounts and specified timelines.

Fees payable

Appraisal fee AMD 15,000-35,000 
Notary fee AMD 12,000-15,000 
Cadastre related fee AMD 26,000 
Common reference AMD 10,000 

The effective annual interest rate may change depending on the change of the exchange rate value published on the official website of the Central Bank of the Republic of Armenia.

Where the loan is disbursed in foreign currency, changes in exchange rate may affect the loan repayments.

Required documents

Please follow the Armenian version

Useful information
  • Collateral shall be appraised by one of the independent appraisal companies cooperating with the Bank.

  • The property must be neither a public housing nor be located in the territory of other building – either hostel or hotel territory,

  • All unauthorized constructions of the real estate must be registered and outlined in the ownership certificate (must be legalized),

  • The real property must not be located in a three-degree and more unsafe building,

  • If the pledged property is a detached house, it will be completely pledged.

 The loan application will be approved if:

  1. the customer has submitted the complete package of documentation (passport and social security card, employment reference regarding position, salary and work experience in the given company).
  2. After the loan application and the required documentation have been submitted, a query is made ACRA credit bureau regarding the customer’s credit history.
  3. After the Bank discovers that the customer has a positive credit history or no credit history at all, the Bank shall make an evaluation of the customer’s creditworthiness and solvency.
  4. If the evaluation of creditworthiness shows positive results the Bank shall disburse the loan.

The loan application will be rejected if:

  1. the customer fails to submit all documents necessary for getting the loan (passport and social security card, employment reference regarding position, salary and work experience in the given company).
  2. the customer must have a six-month work experience and must have got a salary for at least 1 month.
  3. the query made to “ACRA Credit Reporting” credit bureau shows that the customer had past-due or classified liabilities within 24 months prior to the loan application (except for repaid guarantees) as well as the total of past-due liabilities exceeded 30 days. 
  4. the customer turned out to be not credit worthy as a result of credit rating.    
  5. the body authorized to take loan decisions rejected the loan application.
  6. the loan has been approved, but the customer has failed to present himself/herself within 10 days after approval or has failed to present the necessary documents.
  7. During the lending process the Bank has received information which prejudices the customer’s solvency. 

Your property (house, vehicle, or other) may be confiscated in the manner provided for by law where you fail to repay your interests and principal in time.

Where you fail to perform your loan obligations, the loan security, as well as another property of the borrower if the former is insufficient, may be seized and sold in a court or out-of-court procedure both through direct sale and public auction.

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future.

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Loan amount


Annual interest rate

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Financial assistant
ABC finance

Page updated 28.06.2021 | 16:56

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.