NMC Program

National Mortgage Company(NMC) Mortgage Loan Program

Loan Purpose: Financing the acquisition, renovation, or construction of a residential property.
Loan Amount: From 3,000,000 up to 25,000,000 AMD.
Loan Currency: Armenian dram
Loan Term: 10-20 years.
Interest Rate: Starting from 11% per annum.
Collateral/Security: Pledge of a residential property.
Income: Sufficient and stable income.
Insurance: Personal accident and property insurance coverage is required.
Closing Fee: 1% closing fee is charged from originated loan amount but not less than 75,000 dram.
Prepayment Penalty: Full or partial loan prepayments are permitted during the 1st and 2nd years of loan servicing, subject to 1% penalty of the amount prepaid. No prepayment penalty will be imposed effective from the 3rd year of the loan servicing
Default Payment Rates: The Borrower should pay a late payment fine equal to 0.13% of the amount due per day when the Borrower defaults on any consecutive loan and/or interest payments .