Construction under the National Mortgage Company program from Evocabank

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Evocabank

Construction under the National Mortgage Company program

Relevant for 16.09.2026

Effective rate  
13.84% - 14.4%
Rate
12.5% - 13%
Amount
to 45 000 000֏
Down payment
from 30%
Term
10 - 20 years
Available for non-residents of Armenia
No

This loan type is intended for the construction of a residential house that meets the established criteria under the National Mortgage Company construction program

Purpose
construction
Collateral
The land where the real estate construction is taking place / the under-construction real estate,
if necessary, additional residential real estate
Down payment
from 30%
Loan term
10 - 20 years
Loan currency
֏
Loan amount
to 45 000 000֏
Payment type
Annuity and Differentiated
Validity period of the decision
2 banking days
Additional terms
In the case of granting loans for the construction of residential houses/villas, the maximum loan amount should not exceed 80% of the amount of the construction work estimate submitted by the client,
Loans for construction purposes must be provided in installments (tranches), with the final installment financing the last phase of the construction work and not exceeding 20% of the loan amount,
In the framework of the program, the renovation loan estimate must be prepared using an energy efficiency assessment tool,
If the borrower’s ownership rights to the land have been registered no more than 1 year ago, all documents that served as the basis for registration must also be presented to confirm that no change has occurred in the land's designated purpose

Terms apply to the bank's head office and may differ at its branches.

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