Mortgages in Armenia
Bank offers for buying an apartment, from the banks' own pages (checked 7 Oct 2026). Rates change often: confirm with the bank before deciding.
| Bank | AMD rate | Young families | Diaspora USD / EUR | Max loan | Max term | Max loan-to-value | |
|---|---|---|---|---|---|---|---|
| ACBA Bank ↗ | 8.5–14.5% check with the bank | 7.5–8.5% | — | — | 20 years | — | Calculate |
| Artsakhbank ↗ | from 11% | 6.5–7.5% | — | — | 25 years | 92.5% | Calculate |
| VTB Bank (Armenia) ↗ | 11.4–16.6% check with the bank | — | — | 60.0 M ֏ | 30 years | 92.5% | Calculate |
| Ameriabank ↗ | from 12% check with the bank | — | check with the bank | — | — | 90% | Calculate |
| IDBank ↗ | 12.25–14% | from 7.4% | USD 8.9–10.5% EUR 7.9–9.5% | 125.0 M ֏ | 20 years | 90% | Calculate |
| Unibank ↗ | from 12.85% check with the bank | from 8.3% | — | — | 20 years | 90% | Calculate |
| Evocabank ↗ | from 13.2% | 6.9–7.9% | check with the bank | 80.0 M ֏ | 20 years | 90% | Calculate |
| Inecobank ↗ | 13.38–18.48% | 8.3–10.01% | USD 10–13% | 80.0 M ֏ | — | — | Calculate |
| AMIO Bank ↗ | 13.4–14.5% | — | — | 150.0 M ֏ | 30 years | 90% | Calculate |
| Fast Bank ↗ | from 13.5% | 7.3–9% | — | 200.0 M ֏ | 20 years | 90% | Calculate |
| Araratbank ↗ | — | 7.2–7.5% | — | — | 20 years | 92.5% | |
| Ardshinbank ↗ | — | from 7.5% | check with the bank | — | 20 years | 92.5% | |
| Armeconombank ↗ | — | 6.8–7.5% | — | 100.0 M ֏ | 20 years | 90% | |
| Converse Bank ↗ | — check with the bank | 7–7.5% | — | — | 20 years | — |
Resident mortgages are in dram: since 2023, foreign-currency home loans are banned for residents without foreign-currency income. USD/EUR offers are for non-residents and the diaspora.
State programmes
Affordable housing for young families
Spouses' combined age up to 70. About 7.2–7.5% in Yerevan, lower in the regions. Loans up to 27.75 M ֏ (new builds).
National Mortgage Company refinancing
Standard loans up to 35 M ֏, down payment from 30% (10% with insurance), loan payments up to 45% of income.
Military personnel
Up to 25.65 M ֏ at up to 13%, with a 5-point state subsidy and 2.5 M ֏ towards the down payment.
Income-tax refund on interest
No longer available in Yerevan for contracts signed from 2025. In the regions it runs until 2027 or 2029, primary market only.
Information only, not a loan offer. Figures marked “check with the bank” come from older offers or secondary sources.
Source: banks' sites and afm.am: afm.am ↗