Transfer of mortgage loans

Transfer of mortgage loans disbursed by other banks or credit institutions operating in the territory of the Republic of Armenia to ARARATBANK OJSC    

ARARATBANK offers flexible repayment terms for your mortgage loan. By transferring your mortgage loan from other banks operating in the territory of the Republic of Armenia to ARARATBANK, you can enjoy the lending terms and conditions below: 



RA citizen and resident at the age of 22 (twenty-two). The age shall not exceed 55 (fifty-five)   


RA citizen and resident at the age of 22 (twenty-two), who is the Borrower’s family member and whose age cannot exceed 55 (fifty-five)   

Loan purpose

Transfer of a mortgage loan from other bank  (except for the mortgage loans disbursed for renovation and construction purposes)

Additional condition

Credit, pledge and sales agreements of the loan to be transferred shall be submitted




Maximum loan amount

USD 300,000 (three hundred thousand)

Maximum LTV ratio

Up to 70% of the appraised market value  

Loan security

Real estate serving as a loan security of the mortgage loan to be transferred, and in case exceeding the loan-to-value ratio, other additional real estate acceptable for the bank 

Loan maturity


Up to 180 months

Annual interest rate


Up to 120 months - 9% (nine percent), from 121 to 180 months - 7% (seven percent) + 6 (six) monthly LIBOR

Loan repayments

Annuity or straight-line amortization of the principle amount

Principle and interest repayments



Mandatory, every year.

Insurance of the property – in the amount of outstanding loan

Penalty on past-due loan

Daily 0.06%

Penalty on past-due interest  

Daily 0.07%

Annual interest rate on past-due loan amount    

CBA bank reference rate


Requirements to the Borrower’s and co-borrowers’ credit history   

Lack of past-due or classified liabilities (except for repaid guarantees) within 12 months prior to submitting a loan application. Total of past-due days shall not exceed 30 days      

Credit rating

In compliance with the Procedure on Mortgage Lending  

Application processing fee


Loan service fee



In compliance with the procedure effective at the Bank


SMS service

terms and conditions

*SMS on card expiry

*SMS on loan or overdraft expiry date upon customer request

*SMS on the deduction date and amount of the line of credit or overdraft upon customer request

*SMS on annual service fee

*SMS on the monthly repayment of loan or overdraft upon customer request




    AMD 30.00


Please refer to to get understanding of the system of financial assistance.