Armenia · 2026

Mortgage rates in Armenia

Q: What is the current mortgage interest rate in Armenia?

Ordinary commercial mortgage programs in Armenia are generally priced in the low-to-mid teens in Armenian drams. Some targeted state-supported products publish lower borrower costs, but only for qualifying applicants and property variants. The table shows lender-published figures and the dataset review date; use it as a comparison starting point and obtain a written quote for your case.

Q: What is the difference between the nominal rate and the effective annual rate?

The nominal annual rate is the rate at which interest accrues. The effective annual rate, or APR, is the standardised cost disclosure and also reflects the repayment schedule and applicable mandatory charges. For state-supported products, confirm whether the nominal rate, APR and payment are shown before or after any subsidy. Compare the borrower-paid payment and APR on the same basis, because a low nominal rate can still carry material charges.

Q: How much down payment do Armenian banks require for a mortgage?

Down payments commonly start at about 10% when you buy a new build from a developer the bank partners with, and are usually higher for secondary-market purchases. Banks often price a smaller down payment with an added margin, or require additional collateral or insurance to cover the gap. The table shows the published minimum, but the notes explain when that minimum is conditional and your applicable requirement may be higher.

Q: Can I get income tax refunded on my mortgage interest in Armenia?

Potentially. Article 160 applies to qualifying hired employees whose salary income tax has been paid and whose mortgage comes from an Armenian-resident financial organisation for an eligible direct-developer, State or community purchase, or individual-house construction. For a purchase, the contractual value must not exceed AMD 55 million, and a borrower and any co-borrowers may use the post-2018 benefit for only one mortgage contract. The quarterly refund cannot exceed eligible salary income tax paid, qualifying interest actually paid excluding subsidised interest, or the combined legal cap: AMD 750,000 for mortgages received on or after 1 January 2025 and AMD 1.5 million for qualifying 2018–2024 mortgages. New Yerevan mortgages after 1 January 2025 generally do not qualify unless the construction permit predates 1 January 2022. Mortgages received after 1 January 2027 phase out in Aragatsotn, Ararat, Armavir and Kotayk; those received after 1 January 2029 phase out in the remaining marzes, with an exception for listed border settlements. Apply through the State Revenue Committee and verify your case before relying on an estimate.

Q: What is the longest mortgage term available in Armenia?

The longest term currently listed is 30 years, although many programs cap the term at 20 years and some also set a minimum. A longer term lowers the monthly payment but increases total interest when the rate stays fixed. If you select a term outside a product's published range, this page marks the row outside its limits and withholds a comparable payment instead of silently changing your requested term.

Q: Should I take a mortgage in drams or dollars?

Under current Armenian law, a residential mortgage must generally be issued in drams. A foreign-currency residential mortgage is available only to a qualifying non-resident borrower and is not available when an Armenian-resident co-borrower is involved; residency is not the same as citizenship. If you qualify, remember that exchange-rate movements change the effective burden when your income and debt are in different currencies. The calculator requires confirmation of the legal residency condition and uses a dated CBA reference rate for conversion.

Q: Can foreigners and non-residents get a mortgage in Armenia?

Some Armenian banks lend to foreign nationals and non-residents, often with a higher down payment and stricter income documentation. For residential mortgages, foreign-currency eligibility turns on legal residency rather than citizenship: the borrower must be a qualifying non-resident and there cannot be an Armenian-resident co-borrower. Targeted state-supported programs can impose separate citizenship or residency rules. Confirm both the bank's underwriting rules and the program's legal eligibility rules before relying on a listed rate.

Q: What is a state-supported mortgage program and do I qualify?

A state-supported label is not a promise of an interest subsidy, and an NMC-refinanced acquisition loan is not automatically a state program. Under the Young Families program, core rules include Armenian citizenship, a combined spousal age of no more than 70 or a single parent aged 18–35 with a child, one-time support, and maximum property prices of AMD 30 million for a primary-market purchase and AMD 25 million for a secondary-market purchase. Primary-market loans are not interest-subsidised; qualifying secondary-market loans receive a 2-percentage-point subsidy in Yerevan or 4 points in the regions. Participating lenders also apply underwriting and may impose additional conditions. This page lists bank-published products, not every government housing-support program, so confirm eligibility with the bank and the responsible authority.

Compare lender-published mortgage terms side by side. The calculator models principal-and-interest payments from a matched rate tier or a conservative published rate; it is not a quote or eligibility decision.

Advertised rates from: 4.99%
Banks compared: 17
From down payment: 0% conditional
Up to term: 30 yrs

Adjust your mortgage

Rows with enough published information are modeled against these numbers. Other eligibility rules are not evaluated.

Loan currency

Property price

AMD

5M200M

Down payment

20%AMD

0%70%

Loan term

years

130

Loan amount: 28,000,000 ֏

Property type

Program type

Property location for subsidized programs

Only affects programs with a location-based government interest subsidy.

Lowest modeled fixed-rate payment

ARARATBANK

National Mortgage Company program for the acquisition of residential real estate

Modeled monthly payment

345,106 ֏

Interest rate: 12.5%
Term used: 15 yrs
Total interest: 34,119,113 ֏
Published APR range: 13.38% – 14.84%

The APR is the lender's product-wide published range and may not correspond to the rate used for this payment.

30 programs modeled, from 327,093 ֏ to 430,921 ֏ per month

This comparison excludes conditional rate bands, rate-reset products, state-supported programs, named-project offers, ambiguous sources and rows outside published numeric limits. It is not a quote or eligibility decision.

Mortgage programs: 53

30 modeled · 23 outside your numbers

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State-supported: This is a state-supported program, but not every state program is interest-subsidised. Property value, loan size, age, citizenship or residency, income and other eligibility rules may apply. NMC-refinanced acquisition loans are labeled separately because NMC refinancing alone is not state support. Confirm your eligibility and the borrower-paid rate with the bank.

Bank and program					Details
A Artsakhbank Mortgage from Developer AAA Shin	11% – 13.5% APR 11.73% – 16.34%	from 10%	25 yrs	327,093 ֏ Your published tier: 11.5% nominal	Bank page — Artsakhbank
Loan size 3,000,000 ֏ – 50,000,000 ֏ Rate type Tiered or condition-based Published APR range 11.73% – 16.34% Property Under construction Loan term range 3–25 yrs Also note Named project only Editorial summary of the lender's published terms (English) Restricted to purchases (or purchase rights) directly from AAA SHIN LLC at 13/1 Dro St., Kanaker-Zeytun, Yerevan. The displayed payment matches the published integer term and down-payment tier. LTV up to 90%. Principal and interest over the term: 58,876,766 ֏ · Interest: 30,876,766 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
EVOCABANK Acquisition loans under the National Mortgage Company (NMC) programme — Green NMC-refinancedRate depends on profile	12% – 12.5%	from 10%	20 yrs	345,106 ֏ +18,013 ֏ / mo Modeled at the upper published rate: 12.5%	Bank page — EVOCABANK
Loan size 2,000,000 ֏ – 45,000,000 ֏ Rate type Fixed for the whole term Published APR range — Property New build or secondary Loan term range 10–20 yrs Maximum property price 55,000,000 ֏ This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) Green (energy-efficient) variant of the NMC programme; buildings bought from developers must have an energy passport with EE class at least B. No APR published. Principal and interest over the term: 62,119,113 ֏ · Interest: 34,119,113 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
ARARATBANK National Mortgage Company program for the acquisition of residential real estate NMC-refinanced	12.5% APR 13.38% – 14.84%	from 10%	20 yrs	345,106 ֏ Lowest here Modeled at 12.5% nominal	Bank page — ARARATBANK
Loan size 4,000,000 ֏ – 35,000,000 ֏ Rate type Fixed for the whole term Published APR range 13.38% – 14.84% Property New build or secondary Loan term range 5–20 yrs This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) NMC-refinanced acquisition loan; refinancing alone does not make it an interest-subsidised state program. LTV up to 70% of appraised market value, up to 90% with additional real-estate collateral. No early-repayment penalty. Principal and interest over the term: 62,119,113 ֏ · Interest: 34,119,113 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
Byblos Bank Armenia Housing Loan – Acquisition Rate may resetRate depends on profile	11% – 12.5% APR 11.73% – 15.85%	from 20%	25 yrs	345,106 ֏ +18,013 ֏ / mo Modeled at the upper published rate: 12.5% · initial-rate scenario	Bank page — Byblos Bank Armenia
Loan size 5,000,000 ֏ – 250,000,000 ֏ Rate type Fixed, then indexed Published APR range 11.73% – 15.85% Property New build or secondary Loan term range 1–25 yrs Also note Source needs confirmation Editorial summary of the lender's published terms (English) Fixed 11% for first 2 years (12.5% if salary is via another bank), then Bank Base Index + margin, reviewed annually. LTV 80%, up to 90% from partner developers. No arrangement/servicing fees. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
A Artsakhbank Mortgage from Developer OMEGA + Rate depends on profile	11% – 12.75% APR 11.72% – 15.27%	from 10%	20 yrs	349,674 ֏ +22,581 ֏ / mo Modeled at the upper published rate: 12.75%	Bank page — Artsakhbank
Loan size 3,000,000 ֏ – 50,000,000 ֏ Rate type Tiered or condition-based Published APR range 11.72% – 15.27% Property Under construction Loan term range 3–20 yrs Also note Named project only Editorial summary of the lender's published terms (English) Only for purchase (or purchase right) directly from developer OMEGA PLUS LLC at 108/2 Lvovyan Str., Nor Nork, Yerevan. LTV up to 90%. Principal and interest over the term: 62,941,384 ֏ · Interest: 34,941,384 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
EVOCABANK Acquisition loans under the National Mortgage Company (NMC) programme — standard NMC-refinancedRate depends on profile	12.5% – 13%	from 10%	20 yrs	354,268 ֏ +27,175 ֏ / mo Modeled at the upper published rate: 13%	Bank page — EVOCABANK
Loan size 2,000,000 ֏ – 35,000,000 ֏ Rate type Fixed for the whole term Published APR range — Property New build or secondary Loan term range 10–20 yrs Maximum property price 55,000,000 ֏ This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) NMC-refinanced acquisition loan, not automatically a state-supported or interest-subsidised program. Property acquisition/market value is capped at 55,000,000 AMD. LTV max 70%, up to 90% with mortgage-liability insurance. No APR published on the terms page. Principal and interest over the term: 63,768,205 ֏ · Interest: 35,768,205 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
InecoBank Floating Interest Mortgage Loans for Acquisition — Personal resources (AMD) Rate may resetRate depends on profile	12.5% – 13% APR 13.38% – 18.48%	from 20%	30 yrs	354,268 ֏ +27,175 ֏ / mo Modeled at the upper published rate: 13% · initial-rate scenario	Bank page — InecoBank
Loan size 3,000,000 ֏ – 80,000,000 ֏ Rate type Fixed, then indexed Published APR range 13.38% – 18.48% Property New build or secondary Loan term range 3–30 yrs Editorial summary of the lender's published terms (English) Fixed first 3 years then floating (revised >=2x/yr, cap +/-1.5pp). 12.5% if salary received via Inecobank. Down payment 0% if a second property is pledged. LTV 80%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ARARATBANK Mortgage loans for the acquisition of residential real estate Rate depends on profile	12.5% – 13% APR 12.84% – 14.78%	from 20%	25 yrs	354,268 ֏ +27,175 ֏ / mo Modeled at the upper published rate: 13%	Bank page — ARARATBANK
Loan size 5,000,000 ֏ – 150,000,000 ֏ Rate type Tiered or condition-based Published APR range 12.84% – 14.78% Property New build or secondary Loan term range 5–25 yrs Editorial summary of the lender's published terms (English) Own resources. 12.5% fixed for first 36 months, then adjusted per CBA deposit-rate formula +4.5%. 13% variant if borrower opts out of the early-repayment penalty. LTV up to 80% (100% with extra collateral). Principal and interest over the term: 63,768,205 ֏ · Interest: 35,768,205 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
ARARATBANK Purchase of apartments directly from the developer Rate depends on profile	12.5% – 13% APR 12.84% – 14.38%	from 20%	25 yrs	354,268 ֏ +27,175 ֏ / mo Modeled at the upper published rate: 13%	Bank page — ARARATBANK
Loan size 5,000,000 ֏ – 150,000,000 ֏ Rate type Tiered or condition-based Published APR range 12.84% – 14.38% Property New build Loan term range 10–25 yrs Editorial summary of the lender's published terms (English) 12.5% fixed for 36 months with an early-repayment penalty, or 13.0% without one. From month 37 the rate is adjusted by a CBA deposit index plus 4.5% (12.5% variant) or plus 5% (13.0% variant). Principal and interest over the term: 63,768,205 ֏ · Interest: 35,768,205 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
EVOCABANK Residential mortgage loan from the Bank's own resources — floating rate Rate may resetRate depends on profile	13.2% APR 9.7% – 18.4%	from 10%	20 yrs	357,961 ֏ +30,867 ֏ / mo Modeled at 13.2% nominal · initial-rate scenario	Bank page — EVOCABANK
Loan size 2,000,000 ֏ – 80,000,000 ֏ Rate type Variable Published APR range 9.7% – 18.4% Property New build or secondary Loan term range 5–20 yrs Editorial summary of the lender's published terms (English) Floating = fixed component from 4.2% + variable component; first review after 36 months, then every 6 months; +/-4% cap. Without income analysis from 14.2%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
Ardshinbank Mortgage – acquisition, Bank's own resources Rate depends on profile	12.7% – 13.2% APR 12.3% – 15.7%	from 10%	20 yrs	357,961 ֏ +30,867 ֏ / mo Modeled at the upper published rate: 13.2%	Bank page — Ardshinbank
Loan size — – 200,000,000 ֏ Rate type Tiered or condition-based Published APR range 12.3% – 15.7% Property New build or secondary Loan term range 10–20 yrs Editorial summary of the lender's published terms (English) Covers completed and under-construction property. Fixed(adjustable) 12.7%/13.2% by loan size, or floating ՀԴ+4.7%/ՀԴ+5.2%. Max LTV 90%. No minimum loan amount published. Principal and interest over the term: 64,432,898 ֏ · Interest: 36,432,898 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
ID Bank Package IDhome Rate may resetRate depends on profile0% down requires conditions	4.99% – 13.25% APR 5.1% – 24%	0% conditional	20 yrs	358,886 ֏ +31,793 ֏ / mo Modeled at the upper published rate: 13.25% · initial-rate scenario	Bank page — ID Bank
Loan size 5,000,000 ֏ – 125,000,000 ֏ Rate type Fixed, then indexed Published APR range 5.1% – 24% Property New build or secondary Loan term range 10–20 yrs Editorial summary of the lender's published terms (English) Bundled package (mortgage from own resources + Rocket Line up to 10M AMD + credit line 5% + free Visa Platinum). The 4.99% 'improving condition' and zero-down eligibility depend on the developer-bank agreement and collateral structure. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
VTB Bank (Armenia) Mortgage (purchase of existing and under-construction residential property) Rate may reset	13.3% APR 14.3%	from 10%	30 yrs	359,813 ֏ +32,720 ֏ / mo Modeled at 13.3% nominal · initial-rate scenario	Bank page — VTB Bank (Armenia)
Loan size 1,000,000 ֏ – 200,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.3% Property New build or secondary Loan term range 3–30 yrs Editorial summary of the lender's published terms (English) Term 3-30 yrs. Fixed 13.3% for first 48 months, then floating (repriced 15 Feb / 15 Aug, cap +/-3pp). Max 200M AMD in Yerevan, 140M outside. Max LTV 90%. One-off issuance fee 0.4%, max 100,000 AMD. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
UniBank Mortgage – Primary (purchase from developer / new build) Rate may resetRate depends on profile	12.9% – 13.4% APR 14.2% – 14.37%	from 10%	20 yrs	361,669 ֏ +34,576 ֏ / mo Modeled at the upper published rate: 13.4% · initial-rate scenario	Bank page — UniBank
Loan size 5,000,000 ֏ – 100,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.2% – 14.37% Property New build Loan term range 10–20 yrs Editorial summary of the lender's published terms (English) URL /hy/service/mort/7749/. Term 120-240 months. Max 50,000,000 AMD if developer is not a Bank partner. 13.4% applies without income analysis. Max LTV 90%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
Fast Bank Mortgage Loan (Bank's own programme), AMD Rate may reset	13.5% APR 14.47%	from 10%	20 yrs	363,529 ֏ +36,436 ֏ / mo Modeled at 13.5% nominal · initial-rate scenario	Bank page — Fast Bank
Loan size 3,000,000 ֏ – 200,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.47% Property New build or secondary Loan term range 3–20 yrs Editorial summary of the lender's published terms (English) Adjustable fixed rate, may change from month 37 (+/-3.5 pp cap). Down payment 10% from a developer, 20% secondary in Yerevan, 30% secondary in regions. 13% for one specific developer project. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ARMECONOMBANK Refinanced by the National Mortgage Company (acquisition) NMC-refinancedRate depends on profile	11.75% – 13.5% APR 12.87% – 15.76%	from 10%	20 yrs	363,529 ֏ +36,436 ֏ / mo Modeled at the upper published rate: 13.5%	Bank page — ARMECONOMBANK
Loan size 1,000,000 ֏ – 60,000,000 ֏ Rate type Tiered or condition-based Published APR range 12.87% – 15.76% Property Secondary market Loan term range 10–20 yrs This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) NMC-refinanced acquisition loan; refinancing alone does not make it an interest-subsidised state program. Page states these rates apply to secondary-market purchases. 11.75-12% tier is for energy-efficient loans (3,000,001-45,000,000 AMD). Principal and interest over the term: 65,435,255 ֏ · Interest: 37,435,255 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
UniBank Classical mortgage (primary and secondary market) Rate may resetRate depends on profile	13.3% – 13.8% APR 14.66% – 16.14%	from 15%	20 yrs	369,133 ֏ +42,040 ֏ / mo Modeled at the upper published rate: 13.8% · initial-rate scenario	Bank page — UniBank
Loan size 5,000,000 ֏ – 100,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.66% – 16.14% Property New build or secondary Loan term range 5–20 yrs Editorial summary of the lender's published terms (English) Down payment 15% primary market / 30% secondary, or a 10% floor with additional collateral or mortgage insurance. Fixed for 36 months, then index + 4.5%. Max LTV 85%. Rate rises 0.5% when the down payment is under 30%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ACBA BANK Real estate purchase mortgage loan — AMD, annual floating rate (3- or 5-year fixed component) Rate may resetRate depends on profile	13% – 13.9% APR 13.72% – 16.74%	from 10%	20 yrs	371,008 ֏ +43,915 ֏ / mo Modeled at the upper published rate: 13.9% · initial-rate scenario	Bank page — ACBA BANK
Loan size 1,000,000 ֏ – 500,000,000 ֏ Rate type Variable Published APR range 13.72% – 16.74% Property New build or secondary Loan term range 1–20 yrs Editorial summary of the lender's published terms (English) Two floating options: 3-year fixed component (13-13.5% nom., 13.72-16.28% APR) and 5-year (13.5-13.9% nom., 14.31-16.74% APR). Nominal rate may change max twice a year, capped at +/-4 p.p. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ID Bank For the purchase. Own resources (mortgage from the Bank's own funds) Rate may resetRate depends on profile0% down requires conditions	12.25% – 14% APR 12.98% – 16.7%	0% conditional	20 yrs	372,888 ֏ +45,794 ֏ / mo Modeled at the upper published rate: 14% · initial-rate scenario	Bank page — ID Bank
Loan size 5,000,000 ֏ – 125,000,000 ֏ Rate type Fixed, then indexed Published APR range 12.98% – 16.7% Property New build or secondary Loan term range 10–20 yrs Editorial summary of the lender's published terms (English) Fixed for first 36 (or first 6) months, then floating IBRR + [2.95%-4.7%]. Rate cut by 0.25% with IDsalary package. The bank advertises a down payment starting from 0%; zero-down eligibility is conditional on the collateral/package structure. Standard max LTV is 90%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ArmSwissBank Mortgage loans from the Bank's own resources (AMD) Rate may resetRate depends on profile	13% – 14% APR 13.8% – 15.3%	from 20%	20 yrs	372,888 ֏ +45,794 ֏ / mo Modeled at the upper published rate: 14% · initial-rate scenario	Bank page — ArmSwissBank
Loan size 10,000,000 ֏ – 100,000,000 ֏ Rate type Fixed, then indexed Published APR range 13.8% – 15.3% Property New build or secondary Loan term range 1–20 yrs Editorial summary of the lender's published terms (English) Purchase/construction/renovation of residential & commercial property. LTV max 80% (90% from new build). Down payment 10% min if bought from new construction. Fee 0.5%, min AMD 50,000. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
Converse Bank Home / land acquisition loan (mortgage), AMD Rate may resetRate depends on profile	12% – 14.35% APR 12.76% – 24%	from 10%	20 yrs	379,495 ֏ +52,402 ֏ / mo Modeled at the upper published rate: 14.35% · initial-rate scenario	Bank page — Converse Bank
Loan size 2,000,000 ֏ – — Rate type Fixed, then indexed Published APR range 12.76% – 24% Property New build or secondary Loan term range 3–20 yrs Also note Source needs confirmation Editorial summary of the lender's published terms (English) Adjustable rate = base + margin. Base rates at publication: AMD 7.75%. No adjustment during the first three years, then reviewed every 6 months, capped at 24%. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
A AMIO BANK Mortgage loan — primary market (purchase from developer) Rate may resetRate depends on profile	13.4% – 14.5% APR 14.3% – 16.68%	Not published	30 yrs	382,340 ֏ +55,247 ֏ / mo Modeled at the upper published rate: 14.5% · initial-rate scenario	Bank page — AMIO BANK
Loan size 5,000,000 ֏ – 150,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.3% – 16.68% Property New build Loan term range 1–30 yrs Editorial summary of the lender's published terms (English) Adjustable-fixed rate (հաստատուն ճշգրտվող), reviewable from month 37, max +/-2.5 p.p. LTV up to 90% (12-240 mo) / 80% (>240 mo); 100% financing possible with extra collateral. No income assessment if 50% down payment. The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
A AMIO BANK Mortgage loan — secondary market (purchase and/or renovation) Rate may resetRate depends on profile	13.5% – 14.5% APR 14.47% – 20.71%	Not published	30 yrs	382,340 ֏ +55,247 ֏ / mo Modeled at the upper published rate: 14.5% · initial-rate scenario	Bank page — AMIO BANK
Loan size 5,000,000 ֏ – 150,000,000 ֏ Rate type Fixed, then indexed Published APR range 14.47% – 20.71% Property Secondary market Loan term range 1–30 yrs Editorial summary of the lender's published terms (English) Renovation variant 14%. Fixed-adjustable: unchanged until month 37, then floats with CBA refi rate +/-1%, max 2 changes/yr, capped +/-2.5 p.p. Max LTV 80% (240-360 mo term requires LTV<=75%). The published product includes a rate option that may reset or does not establish a fixed rate for your exact tier. Only an initial-payment scenario is shown; lifetime repayment and interest totals are withheld.
ARMECONOMBANK Mortgage loans provided within the framework of the Bank's own resources (AMD) Rate depends on profile	12.5% – 14.5% APR 14.26% – 19.11%	from 10%	20 yrs	382,340 ֏ +55,247 ֏ / mo Modeled at the upper published rate: 14.5%	Bank page — ARMECONOMBANK
Loan size 1,000,000 ֏ – 100,000,000 ֏ Rate type Tiered or condition-based Published APR range 14.26% – 19.11% Property New build or secondary Loan term range 10–20 yrs Editorial summary of the lender's published terms (English) Purpose: purchase, renovation and construction of residential property. With documented income: fixed 14%, or fixed-adjustable 12.5% (LTV<=70%) / 13% (LTV 70-90%). Without documented income: fixed 14.5% or fixed-adjustable 13.5%; loan amount is capped at 25m AMD. Adjustable rates are fixed for the first 36 months. Principal and interest over the term: 68,821,243 ֏ · Interest: 40,821,243 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
Ardshinbank Mortgage – acquisition, financed by the National Mortgage Company NMC-refinancedRate depends on profile	14.1% – 14.5% APR 15% – 15.7%	from 10%	20 yrs	382,340 ֏ +55,247 ֏ / mo Modeled at the upper published rate: 14.5%	Bank page — Ardshinbank
Loan size 3,000,000 ֏ – 35,000,000 ֏ Rate type Fixed for the whole term Published APR range 15% – 15.7% Property New build or secondary Loan term range 10–20 yrs Maximum property price 55,000,000 ֏ This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) NMC-refinanced acquisition loan; refinancing alone does not make it an interest-subsidised state program. Only completed-construction property; max property value 55m AMD. 14.1% with 50%+ down payment, 14.5% with 10-49.99% down. Max LTV 90%. Principal and interest over the term: 68,821,243 ֏ · Interest: 40,821,243 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
Ardshinbank Acquisition in five partner residential complexes Rate depends on profile	13.5% – 14.7%	from 10%	20 yrs	386,147 ֏ +59,054 ֏ / mo Modeled at the upper published rate: 14.7%	Bank page — Ardshinbank
Loan size — – 200,000,000 ֏ Rate type Tiered or condition-based Published APR range — Property New build Loan term range 10–20 yrs Also note Named project only Editorial summary of the lender's published terms (English) Published only for the Nor Tun, Discovery, Luyser, Antarayin and Nork residential complexes, not for partner developers generally. Floating figures should be read from the Armenian page — the Russian version of the same table publishes different markups. Principal and interest over the term: 69,506,474 ֏ · Interest: 41,506,474 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
Mellat Bank Mortgage Loan (AMD) Rate depends on profile	12% – 15% APR 12.5% – 15.5%	from 10%	20 yrs	391,884 ֏ +64,791 ֏ / mo Modeled at the upper published rate: 15%	Bank page — Mellat Bank
Loan size 2,000,000 ֏ – 250,000,000 ֏ Rate type Fixed for the whole term Published APR range 12.5% – 15.5% Property New build or secondary Loan term range 1–20 yrs Also note Source needs confirmation Editorial summary of the lender's published terms (English) 10% min down payment applies when buying from a partner developer (0% with extra pledge); otherwise LTV max 70% Yerevan, 50% suburbs, 35% regions. Min term 12 months. 0.4% disbursement fee. Principal and interest over the term: 70,539,191 ֏ · Interest: 42,539,191 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
A Artsakhbank Acquisition of Property – residential (AMD) Rate depends on profile	14.5% – 16% APR 15.58% – 19.59%	from 10%	20 yrs	411,236 ֏ +84,143 ֏ / mo Modeled at the upper published rate: 16%	Bank page — Artsakhbank
Loan size 5,000,000 ֏ – 75,000,000 ֏ Rate type Fixed for the whole term Published APR range 15.58% – 19.59% Property New build or secondary Loan term range 3–20 yrs Editorial summary of the lender's published terms (English) Prepayment min 10%; 20% for secondary market; 0% with additional property collateral. LTV Zone 1 90% (AMD). Term 36-240 months. Loan issue fee 1.0% (min 60k / max 300k AMD). Principal and interest over the term: 74,022,517 ֏ · Interest: 46,022,517 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
Fast Bank National Mortgage Loans (NMC-refinanced) NMC-refinancedRate depends on profile	13% – 16.5% APR 13.5% – 15.5%	from 10%	20 yrs	421,038 ֏ +93,945 ֏ / mo Modeled at the upper published rate: 16.5%	Bank page — Fast Bank
Loan size 3,000,000 ֏ – 60,000,000 ֏ Rate type Tiered or condition-based Published APR range 13.5% – 15.5% Property New build or secondary Loan term range 10–20 yrs This is an ordinary mortgage refinanced through the National Mortgage Company, not automatically a state-supported or interest-subsidised program. Editorial summary of the lender's published terms (English) 15.5%/16.5% for loans over 35m AMD and/or DTI 45-60%; -0.5 pp if energy-efficiency criteria met. Down payment min 30%, or 10% with additional pledge or liability insurance. Principal and interest over the term: 75,786,914 ֏ · Interest: 47,786,914 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.
EVOCABANK Residential mortgage loan from the Bank's own resources — fixed rate Rate depends on profile	14% – 17% APR 15.2% – 18.7%	from 10%	15 yrs	430,921 ֏ +103,828 ֏ / mo Modeled at the upper published rate: 17%	Bank page — EVOCABANK
Loan size 2,000,000 ֏ – 80,000,000 ֏ Rate type Fixed for the whole term Published APR range 15.2% – 18.7% Property New build or secondary Loan term range 5–15 yrs Editorial summary of the lender's published terms (English) Acquisition/construction 14-15%; without income analysis 15-16% (max 50m AMD); renovation 15-17%. LTV: 90% primary market, 85% secondary, 70% without income analysis. Principal and interest over the term: 77,565,816 ֏ · Interest: 49,565,816 ֏ · Excludes fees, insurance, appraisal, notary and registration costs.

rate · down payment · max term

A
Artsakhbank
Mortgage from Developer AAA Shin
327,093 ֏
per month
11% – 13.5% · from 10% · 25 yrs
Your published tier: 11.5% nominal
Bank page — Artsakhbank
EVOCABANK
Acquisition loans under the National Mortgage Company (NMC) programme — Green
345,106 ֏
per month
+18,013 ֏ / mo
12% – 12.5% · from 10% · 20 yrs
NMC-refinancedRate depends on profile
Modeled at the upper published rate: 12.5%
Bank page — EVOCABANK
ARARATBANK
National Mortgage Company program for the acquisition of residential real estate
345,106 ֏
per month
Lowest here
12.5% · from 10% · 20 yrs
NMC-refinanced
Modeled at 12.5% nominal
Bank page — ARARATBANK
Byblos Bank Armenia
Housing Loan – Acquisition
345,106 ֏
per month
+18,013 ֏ / mo
11% – 12.5% · from 20% · 25 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 12.5% · initial-rate scenario
Bank page — Byblos Bank Armenia
A
Artsakhbank
Mortgage from Developer OMEGA +
349,674 ֏
per month
+22,581 ֏ / mo
11% – 12.75% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 12.75%
Bank page — Artsakhbank
EVOCABANK
Acquisition loans under the National Mortgage Company (NMC) programme — standard
354,268 ֏
per month
+27,175 ֏ / mo
12.5% – 13% · from 10% · 20 yrs
NMC-refinancedRate depends on profile
Modeled at the upper published rate: 13%
Bank page — EVOCABANK
InecoBank
Floating Interest Mortgage Loans for Acquisition — Personal resources (AMD)
354,268 ֏
per month
+27,175 ֏ / mo
12.5% – 13% · from 20% · 30 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 13% · initial-rate scenario
Bank page — InecoBank
ARARATBANK
Mortgage loans for the acquisition of residential real estate
354,268 ֏
per month
+27,175 ֏ / mo
12.5% – 13% · from 20% · 25 yrs
Rate depends on profile
Modeled at the upper published rate: 13%
Bank page — ARARATBANK
ARARATBANK
Purchase of apartments directly from the developer
354,268 ֏
per month
+27,175 ֏ / mo
12.5% – 13% · from 20% · 25 yrs
Rate depends on profile
Modeled at the upper published rate: 13%
Bank page — ARARATBANK
EVOCABANK
Residential mortgage loan from the Bank's own resources — floating rate
357,961 ֏
per month
+30,867 ֏ / mo
13.2% · from 10% · 20 yrs
Rate may resetRate depends on profile
Modeled at 13.2% nominal · initial-rate scenario
Bank page — EVOCABANK
Ardshinbank
Mortgage – acquisition, Bank's own resources
357,961 ֏
per month
+30,867 ֏ / mo
12.7% – 13.2% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 13.2%
Bank page — Ardshinbank
ID Bank
Package IDhome
358,886 ֏
per month
+31,793 ֏ / mo
4.99% – 13.25% · 0% conditional · 20 yrs
Rate may resetRate depends on profile0% down requires conditions
Modeled at the upper published rate: 13.25% · initial-rate scenario
Bank page — ID Bank
VTB Bank (Armenia)
Mortgage (purchase of existing and under-construction residential property)
359,813 ֏
per month
+32,720 ֏ / mo
13.3% · from 10% · 30 yrs
Rate may reset
Modeled at 13.3% nominal · initial-rate scenario
Bank page — VTB Bank (Armenia)
UniBank
Mortgage – Primary (purchase from developer / new build)
361,669 ֏
per month
+34,576 ֏ / mo
12.9% – 13.4% · from 10% · 20 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 13.4% · initial-rate scenario
Bank page — UniBank
Fast Bank
Mortgage Loan (Bank's own programme), AMD
363,529 ֏
per month
+36,436 ֏ / mo
13.5% · from 10% · 20 yrs
Rate may reset
Modeled at 13.5% nominal · initial-rate scenario
Bank page — Fast Bank
ARMECONOMBANK
Refinanced by the National Mortgage Company (acquisition)
363,529 ֏
per month
+36,436 ֏ / mo
11.75% – 13.5% · from 10% · 20 yrs
NMC-refinancedRate depends on profile
Modeled at the upper published rate: 13.5%
Bank page — ARMECONOMBANK
UniBank
Classical mortgage (primary and secondary market)
369,133 ֏
per month
+42,040 ֏ / mo
13.3% – 13.8% · from 15% · 20 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 13.8% · initial-rate scenario
Bank page — UniBank
ACBA BANK
Real estate purchase mortgage loan — AMD, annual floating rate (3- or 5-year fixed component)
371,008 ֏
per month
+43,915 ֏ / mo
13% – 13.9% · from 10% · 20 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 13.9% · initial-rate scenario
Bank page — ACBA BANK
ID Bank
For the purchase. Own resources (mortgage from the Bank's own funds)
372,888 ֏
per month
+45,794 ֏ / mo
12.25% – 14% · 0% conditional · 20 yrs
Rate may resetRate depends on profile0% down requires conditions
Modeled at the upper published rate: 14% · initial-rate scenario
Bank page — ID Bank
ArmSwissBank
Mortgage loans from the Bank's own resources (AMD)
372,888 ֏
per month
+45,794 ֏ / mo
13% – 14% · from 20% · 20 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 14% · initial-rate scenario
Bank page — ArmSwissBank
Converse Bank
Home / land acquisition loan (mortgage), AMD
379,495 ֏
per month
+52,402 ֏ / mo
12% – 14.35% · from 10% · 20 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 14.35% · initial-rate scenario
Bank page — Converse Bank
A
AMIO BANK
Mortgage loan — primary market (purchase from developer)
382,340 ֏
per month
+55,247 ֏ / mo
13.4% – 14.5% · Not published · 30 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 14.5% · initial-rate scenario
Bank page — AMIO BANK
A
AMIO BANK
Mortgage loan — secondary market (purchase and/or renovation)
382,340 ֏
per month
+55,247 ֏ / mo
13.5% – 14.5% · Not published · 30 yrs
Rate may resetRate depends on profile
Modeled at the upper published rate: 14.5% · initial-rate scenario
Bank page — AMIO BANK
ARMECONOMBANK
Mortgage loans provided within the framework of the Bank's own resources (AMD)
382,340 ֏
per month
+55,247 ֏ / mo
12.5% – 14.5% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 14.5%
Bank page — ARMECONOMBANK
Ardshinbank
Mortgage – acquisition, financed by the National Mortgage Company
382,340 ֏
per month
+55,247 ֏ / mo
14.1% – 14.5% · from 10% · 20 yrs
NMC-refinancedRate depends on profile
Modeled at the upper published rate: 14.5%
Bank page — Ardshinbank
Ardshinbank
Acquisition in five partner residential complexes
386,147 ֏
per month
+59,054 ֏ / mo
13.5% – 14.7% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 14.7%
Bank page — Ardshinbank
Mellat Bank
Mortgage Loan (AMD)
391,884 ֏
per month
+64,791 ֏ / mo
12% – 15% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 15%
Bank page — Mellat Bank
A
Artsakhbank
Acquisition of Property – residential (AMD)
411,236 ֏
per month
+84,143 ֏ / mo
14.5% – 16% · from 10% · 20 yrs
Rate depends on profile
Modeled at the upper published rate: 16%
Bank page — Artsakhbank
Fast Bank
National Mortgage Loans (NMC-refinanced)
421,038 ֏
per month
+93,945 ֏ / mo
13% – 16.5% · from 10% · 20 yrs
NMC-refinancedRate depends on profile
Modeled at the upper published rate: 16.5%
Bank page — Fast Bank
EVOCABANK
Residential mortgage loan from the Bank's own resources — fixed rate
430,921 ֏
per month
+103,828 ֏ / mo
14% – 17% · from 10% · 15 yrs
Rate depends on profile
Modeled at the upper published rate: 17%
Bank page — EVOCABANK

ACBA BANK
13.75% – 14.5%
Real estate purchase mortgage loan — AMD, annual fixed rate (max 60 months fixed)
Your term is above this program's maximum
Published limit 5 yrs · your input 15 yrs
Converse Bank
7% – 7.5%
Affordable Housing for Young Families (state-subsidised programme)
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
Fast Bank
7.3% – 9%
Loans to Young Families (state affordable-housing programme)
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
ID Bank
13% – 16.5%
For the purchase. National mortgage company
Your down payment is below this program's minimum
Published limit 30% · your input 20%
ID Bank
7.4% – 8.4%
For the purchase. Young families (Affordable Housing for Young Families)
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
InecoBank
8.3% – 10.01%
Housing for Young Families Mortgage Loans for Acquisition in Yerevan (primary market / from developer)
Your property price is above this program's maximum
Published limit 30,000,000 ֏ · your input 35,000,000 ֏
InecoBank
11.5% – 14.7%
National Mortgage Company (NMC) Mortgage Loans for Acquisition in Yerevan
Your down payment is below this program's minimum
Published limit 30% · your input 20%
UniBank
7.5%
Apartment for Youth (primary market) – state programme
Your property price is above this program's maximum
Published limit 30,000,000 ֏ · your input 35,000,000 ֏
UniBank
8.3%
Apartment for Youth (secondary market) – state subsidised
Your property price is above this program's maximum
Published limit 25,000,000 ֏ · your input 35,000,000 ֏
Ameriabank
13.5%
Home Purchase Loan (primary market) — AMD
No published rate tier matches these inputs
Ameriabank
14%
Home Purchase Loan (secondary market) — AMD
No published rate tier matches these inputs
AMIO BANK
7.5%
Affordable Housing for Young Families (state-subsidised program)
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
AMIO BANK
11% – 12.75%
Mortgage for Ministry of Defence / national security staff (state-supported program)
Your loan is above this program's maximum
Published limit 25,650,000 ֏ · your input 28,000,000 ֏
AMIO BANK
12.9% – 14.5%
Mortgage for non-residents (AMD)
Your down payment is below this program's minimum
Published limit 30% · your input 20%
ARMECONOMBANK
7.5%
Affordable housing for young families — primary market
Your property price is above this program's maximum
Published limit 30,000,000 ֏ · your input 35,000,000 ֏
ARMECONOMBANK
6.8% – 7.5%
Affordable housing for young families — secondary market
Your property price is above this program's maximum
Published limit 25,000,000 ֏ · your input 35,000,000 ֏
Ardshinbank
7.5%
Affordable apartment for a young family
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
ARARATBANK
7.5%
Affordable apartment for a young family (purchase of residential property)
Your property price is above this program's maximum
Published limit 30,000,000 ֏ · your input 35,000,000 ֏
ArmSwissBank
7% – 7.75%
Affordable Housing for Young Families (state-subsidised)
This listing combines primary and secondary market variants; open the bank page for the exact market-specific terms
ArmSwissBank
11.25% – 13.75%
National Mortgage Company programme
Your down payment is below this program's minimum
Published limit 30% · your input 20%
Byblos Bank Armenia
7%
Home for Youth (primary market)
Your property price is above this program's maximum
Published limit 30,000,000 ֏ · your input 35,000,000 ֏
Byblos Bank Armenia
7%
Home for Youth (secondary market)
Your property price is above this program's maximum
Published limit 25,000,000 ֏ · your input 35,000,000 ֏
Byblos Bank Armenia
12.5% – 15%
National MC Acquisition (National Mortgage Company refinanced)
Your down payment is below this program's minimum
Published limit 30% · your input 20%

How mortgages work in Armenia

Nominal rate vs effective annual rate

Armenian banks publish a nominal annual rate and an effective annual rate, or APR. Interest accrues at the nominal rate; the APR is the standardised cost disclosure and also reflects the repayment schedule and applicable mandatory charges. For a state-supported product, check whether each published figure is shown before or after any interest subsidy and compare the payment you would actually owe. The figures on this page are lender-published starting points, not a quote.

Many Armenian mortgages reset after a few years

A large share of programs are fixed only for an initial period, commonly the first three years, and then move to an index plus a margin. The low headline rate is therefore not guaranteed for the life of the loan. Programs marked "rate resets" in the table fall into this group — ask the bank what the rate would be today if the reset had already happened, and stress-test your budget against that number.

Down payment and loan-to-value

Down payments generally start around 10% for new builds bought from a developer the bank works with, and are typically higher on the secondary market. A smaller down payment usually means a higher rate, an extra margin, or a demand for additional collateral or insurance. Raising the down payment is normally the single most effective way to lower both the rate and the monthly payment.

State support and the income tax refund

State support and National Mortgage Company refinancing are shown separately: an ordinary NMC acquisition loan is not automatically a state-supported or interest-subsidised program. Under the Young Families program, primary-market loans are not interest-subsidised; qualifying secondary-market loans receive a 2-percentage-point subsidy in Yerevan or 4 points in the regions. Separately, Article 160 may refund eligible salary income tax against qualifying mortgage interest that was not paid by a subsidy. The benefits are not automatically combined, and eligibility depends on the borrower, lender, loan date, property source, value and location.

FAQ

Mortgage rates in Armenia — FAQ

Common questions about comparing mortgage rates, effective annual rates, down payments, state support and mortgage income-tax refunds in Armenia.