Financing
Bank loans for building, renovating and solar, plus the Central Bank of Armenia policy rate and exchange rates.
CBA exchange rates
- 1 USD = 362.34 ֏
- 1 GBP = 483.25 ֏
- 1 EUR = 407.92 ֏
- 1 RUB = 4.335 ֏
Central Bank of Armenia, 16 Oct 2026
Home construction loans
| Bank | Rate | Currency | Max term | Max loan-to-value |
|---|---|---|---|---|
| Armeconombank (AEB) | 12% | AMD | 20 years | 70% |
| Armeconombank (AEB) | 12.25% – 13.5% | AMD | 20 years | 70% |
| Evocabank | 12.5% | AMD | 20 years | 80% |
| Ardshinbank | 12.7% – 14.5% | AMD | 20 years | 70% |
| Ameriabank | 12.9% | AMD | 30 years | — |
| ACBA Bank | 13% | AMD | 10 years | — |
| ACBA Bank | 13.5% – 14.5% | AMD | 20 years | — |
| Inecobank | 14.52% – 23.15% | AMD | 20 years | — |
| Converse Bank | — | AMD | 20 years | — |
Renovation loans
| Bank | Rate | Currency | Max term | Max loan-to-value |
|---|---|---|---|---|
| IDBank | 10% | AMD | 10 years | — |
| AraratBank | 12% | AMD | 10 years | 50% |
| Inecobank | 13.47% – 23.15% | AMD | 20 years | — |
| Ameriabank | 13.82% – 15.06% (APR) | AMD | 20 years | — |
| Fast Bank | 14% | AMD | — | — |
| Evocabank | 16% | AMD | 5 years | — |
| ACBA Bank | 18% – 19.5% | AMD | 10 years | — |
| Converse Bank | — | AMD | 20 years | — |
Green and solar loans
| Bank | Rate | Currency | Max term | Max loan-to-value |
|---|---|---|---|---|
| Evocabank | 0% | AMD | 5 years | — |
| Armeconombank (AEB) | 0% – 14% | AMD | 7 years | — |
| Ameriabank | 14% | AMD | 10 years | — |
| Ameriabank | 14.5% – 15.5% | AMD | 10 years | 95% |
| Converse Bank | — | AMD | — | — |
Mortgages for new builds
| Bank | Rate | Currency | Max term | Max loan-to-value |
|---|---|---|---|---|
| IDBank | 4.99% – 13.25% | AMD | 20 years | — |
| Fast Bank | 7.3% – 7.5% | AMD | 20 years | 90% |
| IDBank | 7.4% | AMD | 15 years | 90% |
| ACBA Bank | 7.5% – 8.5% | AMD | 15 years | 90% |
| IDBank | 7.9% | AMD | 20 years | — |
| Converse Bank | 8% – 8.5% | EUR | 20 years | 90% |
| Inecobank | 8.3% – 10.01% | AMD | 15 years | 90% |
| Ameriabank | 8.5% | EUR | 30 years | 90% |
| ACBA Bank | 8.5% – 14.5% | AMD | 20 years | — |
| Converse Bank | 9.5% – 10% | USD | 20 years | 90% |
| Ameriabank | 11% | USD | 30 years | 90% |
| Armeconombank (AEB) | 11.83% – 16.17% (APR) | USD | 20 years | 90% |
| Inecobank | 12.2% – 13% | AMD | 20 years | — |
| IDBank | 12.25% | AMD | 20 years | — |
| AraratBank | 12.5% | AMD | 15 years | 80% |
| Converse Bank | 12.74% – 13.24% | AMD | 10 years | 90% |
| Unibank | 12.85% | AMD | 20 years | — |
| Ameriabank | 12.9% – 13.5% | AMD | 30 years | 90% |
| Fast Bank | 13% – 13.5% | AMD | 20 years | 90% |
| Evocabank | 13.2% | AMD | 20 years | — |
| Inecobank | 13.38% – 18.48% | AMD | 20 years | — |
| Armeconombank (AEB) | 14.26% – 19.11% (APR) | AMD | 20 years | 90% |
| Ardshinbank | — | AMD | 20 years | 90% |
| Armswissbank | — | AMD | 20 years | — |
National Mortgage Company
NMC refinances bank construction loans up to AMD 35 million, and up to AMD 45 million for energy-efficient homes.
nmc.amIncome-tax refund on mortgage interest
For contracts from 2025 the cap is AMD 750,000 per quarter. The refund is being phased out by region.
- Yerevan: ended 1 Jan 2025
- Aragatsotn: until 1 Jan 2027
- Ararat: until 1 Jan 2027
- Armavir: until 1 Jan 2027
- Gegharkunik: until 1 Jan 2029
- Kotayk: until 1 Jan 2027
- Lori: until 1 Jan 2029
- Shirak: until 1 Jan 2029
- Syunik: until 1 Jan 2029
- Tavush: until 1 Jan 2029
- Vayots Dzor: until 1 Jan 2029
Rates are taken from bank websites as of 7 Oct 2026 and may change. Confirm final terms with the bank.