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Loans secured with real estate Consumer loan

Consumer loan

Loans with / without confirmation of earning and secured with real estate


Loans are disbursed for the maturity up to 10 years. You can get the loan either in cash in Armenian drams or non-cash in US dollars or Euro. 

  • Interest rate
  • Maturity
    Up to 120 months
  • Minimum limit
    AMD 1 000 000
    USD/EUR 2 000  
  • Maximum limit
    AMD 125 000 000 
    USD/EUR 250 000 

The page was updated 31.05.2018 17:53

Consumer loan

Loans with/without confirmation of earning and secured with real estate 

Appendix 2
by Decision N 410-L of the
Management Board of “IDBank” CJSC
as of November 10, 2021
Enters into force starting November 22, 2021

The terms mentioned in the bulletin may have been amended.
If you are looking through the bulletin on the website of the Bank, please pay attention to the action date of the bulletin.
If you are looking through the bulletin in a paper form, please visit the Bank’s website at for detailed information (paying attention at the action date of the bulletin), apply to any branch of the Bank or contact the Bank’s Call center at (+37410) 59 33 33, (+37460) 27 33 33.


1.    Purpose other  
2.    Currency AMD, USD  
3.    Security Dwelling, public, commercial real estate  
  Annual interest rate (nominal and actual)   For income – based loans For loans not based on income  
Fixed interest rate for the whole period  
Nominal  AMD 16.50%-18% /according to table 1/ 17% -18% / according to table 1/ 16.50%-18% / according to table 1/
Actual1 20.08% - 23.44% 21.15% - 23.74% 20.08% - 23.44%  
Nominal  USD 12.50% -14% 14%-15.5% 12.50% -14%  
Actual  15.67% - 20.14% 17.81% - 22.29% 15.67% - 20.14%  
  Fixed interest rate for the first 24 months, floating rate from the 25th to the 120th month  
Nominal  AMD Fixed: 13.5% - 16.5% /according to table 1/ Fixed: 14% - 17% /according to table 1/  
floating IDRR[2] + /3.4% - 6.4%/ floating IDRR 1 + /3,9% - 6.9%/
16.94% -21.05% 17.41% - 21.89%
Nominal  USD Fixed: 10.5% - 12.5% /according to table 1/ Fixed: 12% - 14% /according to table1/  
floating IDRR 2 + /6.4% - 8.4%/ floating IDRR 1 + /7.9% - 9.9%/
Actual  13.38% - 19.21% 15.36% - 21.50%  
5.    Minimum maturity For loans with fixed rates 60 months  
For loans with floating rates 36 months  
6.    Maximum maturity 84 months for loans with fixed rates  
120 months for loans with floating rates  
7.    Minimum amount AMD 2,500,000 or 3,000 USD  
8.   Maximum amount  AMD 125,000,000 or 25,000,000 AMD  
250,000 USD 50,000 USD
9.   Rocket Line3 maximum 10 000 000 AMD   
10. Credit line3 Up to 5% of the loan, not more than 5,000,000 AMD  
Define the remaining terms of the credit line in accordance with the Information bulletin on Credit Lines
11.   Maximum loan to collateral ratio (towards appraised liquid value of property) ·       70%, if the subject of pledge is an apartment ·       60%, if the subject of pledge is an apartment  
  ·       40%, of the subject of pledge is a residential house, public space, land etc.
·       50%, of the subject of pledge is a residential house, public space, land etc.   
The loan to collateral ratio (Rocket line limit and credit line included) cannot may not exceed 80% for income-based loans and 70% for non-income-based loans   
12. How the loan is provided For loans in AMD - through current account   
For loans in foreign currency – non-cash, through ArCa Classic, MasterCard Standard, MasterCard Gold and Visa credit cards issued by the Bank
13. Repayment of loan and accrued interest Monthly payments in equal parts, annuity method  

Requirements to the borrower/co-borrower

14. Status  Individual – RA citizen   
15. Age restrictions  The borrower must be at least 21 and as of the date of loan application and not have exceed 65 by maturity  
(The age limit requirement does not apply to the co-borrower if the borrower's (other co-borrower's) financial condition without the co-borrower (co-borrowers) satisfies the repayment of the loan or the loan is provided without substantiation of income)
16. Requirements to the credit history  -no existing overdue/ classified obligations (loan, credit line, overdraft, guarantees, etc.).   
-no credit history
- The customer should not be included in the list of unwanted customers of the Bank.4
17. TDI ratio (total debt (average monthly) to net income ratio)5 AMD up to 65% -  
USD up to 60%  
18. Structure of income and the maximum ratio thereof  According to Annex 1    


19. Collateral * Real estate (dwelling, public, commercial) within the territory of RA, including separate land lot with the residential target use and must be located in Yerevan city   
20. Pledgor Any individual or legal entity (in the case where the pledgor is a legal entity, it should have state registration in RA)  
21. Appraisal of a subject of collateral  The subject of collateral must be appraised by specialized organizations partners of the Bank, the list of which is available by the following link: List of appraisal companies   
22. Minimum requirements to the subject of collateral 1.      The real estate should have masonry, panel or reinforced structure (except for the dividing walls and covers between the floors)   
2. The real estate should not be public housing, or located on the territory occupied by other constructions – dormitory
3. The real estate must not be located on the territory of exclusive public interest
4. The private house must not have general yard area, general or common property with the other properties
* The Bank is liable to require guarantee of an individual or a legal entity as an additional security  


23. Accident death insurance and insurance for disablement of the borrower May be required by the Bank  
24. Collateral insurance May be required by the Bank  


25. Loan application processing fee Not specified   
26. Loan disbursement fee (deducted from the loan amount at the moment of disbursing the loan)  1,5% 2%  
27. Monthly loan service fee calculated to the balance of the loan  0.10%  
28. Bank account opening/closing fee According to the rates applicable by the Bank available by the following link: Information bulletin for loans  
29. Cash withdrawal fee (for loans provided without payment cards) Not specified  
30. Payment card rates According to the rates applicable by the bank at information bulletin, except for fee for permanent or temporary revision of the limits, which is free of charge   

Fine, penalty

31. To the overdue loan, daily  0.10%  
32. To overdue interest, daily 0.10%  
33. Early repayment fee Not specified for loans in the amount of up to 15,000,000 AMD (inclusive) or equivalent in foreign currency  
For loans equal and above 15,000,000 AMD or equivalent in foreign currency – 3 % of the early repaid amount, if such early repaid amount exceeds aggregate of principal amount for the 6 months following the date of early repayment, as provided by the repayment schedule.

Other terms and conditions

34. Main credit agreement The Bank may sign main credit agreement with the client with 180 months maturity and in the amount equal to 100 % market value of the real estate   
35. Positive factors based on which the loan may be extended  1) Good credit history,  
2) Stable cash flows,
3) compliance of the subject of collateral with the requirements of the Bank
4) Other factors
36. Why the loan may be rejected 1) Bad credit history  
2) Incompliance of the collateral with the requirements of the Bank
3) provision of false or unreliable information
4) provision of such information, which rise suspicion to the return of the loan
5) absence of email address of the client
6) Other factors
37. Maximum term of taking decision Maximum 2 business day after submitting all required documents to the Bank   
38. Maximum terms for giving notice to the customer 1 business day  
The borrower may be notified of the loan decision in the Bank’s premises, by phone call or e-mail
39. Maximum validity period  30 business days  
Within three months after the expiration date of the approved loan decision, the loan decision can be reaffirmed without submitting an additional application, unless the credit history and income of the borrower (co-borrower) and family members have not changed significantly.
* If necessary, the Bank may require to update the documents substantiating the income.
40. Term of loan disbursement  1 business day after submitting document, which confirms the right with regard to the collateral  
41. Place of acceptance, registration and providing the loan application All branches of the Bank   
42. The list of documents to be submitted by the Customer to the Bank According to Annex 2  

Terms of refinancing **

43. Annual nominal interest rate  For loans with proof of income
AMD 13.5% (if provided by Rocket Line) and 14% (if not provided by Rocket Line), 10.5% USD     
In the case of loans without income justification AMD - 14% USD - 11%
44. Interest rate type Fixed interest rate for the first 24 months, as well as a floating interest rate from 25%  
45. Loan amount Client loan amount + 30% surcharge
The maximum and minimum amounts in accordance with clauses 7 and 8 of these conditions
46. Loan term Term of the client's loan agreement + at least 24 months, but at least 36 months and maximum 132 months  
47. Annual actual interest rate AMD starting from 14.38%
USD starting from 11.09%
48. Target group of borrowers  48.1. Transfer of existing liability/liabilities secured with movable or immovable property and maintained at other banks/credit organizations for at least 12 months, with the opportunity to increase the amount.   
48.2. financing those customers, who had loans secured with real estate and maintained at other banks/credit organizations for at least 12 months, the final repayment of which was during 6 months preceding the application.
48.3. financing those customers, who had loans secured with real estate and served at the Bank for at least 12 months, the final repayment of which was during 6 months preceding the application. 
In cases provided by points 45.1, 45.2 and 45.3 hereof:   
1)          Re-financing can be affected on the name of parties affiliated with the borrower. In the terms of this document the affiliated party shall mean father, mother, children, spouse, sister or brother of the borrower. Moreover, the Bank has the right to request a document confirming such affiliation (such document includes marriage certificate, birth certificate, etc.).
2)          “Loan maintained at least 12 months” can be understood the aggregate term of service in different banks/credit organizations.
3) In the event of transferring the loan within maximum 30 days after taking the decision on approval of the extension of the loan the Customer may repay the loan to be transferred on his own means and transfer the loan without the subsequent collateral.
    49. Other requirements  In cases provided by points 45.1, 45.2 and 45.3 hereof:   
-- In cases stipulated by clause 45.1 hereof the number of past due days of the customer’s loans during the most recent 24 months preceding the date of application should not exceed 50 days and aggregate on transferred loan(s) – 10 days.
-- In cases stipulated by clauses 45.2 and 45.3 hereof aggregate past due days on repaid loan secured with real property during the most recent 24 months of loan service should not exceed 20 days
- loans transferred during the most recent 3 months preceding the application date should be classified as “Standard”
50. Loan application processing fee  Not specified   
51. Up-front fee  Not specified  
52. Monthly service fee Not specified  
53. Pledging related costs  Costs to be borne by the Bank for executing the pledge for loans exceeding AMD 4,000,001/equivalent in foreign currency  
- Collateral appraisal fee (appraisal is not required if the property pledged at the Bank was appraised during the most recent 12 months , or any other banks/financial organizations during the most recent 6 months preceding the date of application by one of the appraising companies – partners of the Bank)
- fee for unified reference issued by the Real estate Cadaster State Committee of the RA Government *,
 - Fee for notarization of real estate, subject of collateral
 - Fee for registration of the title of the Bank resulted from the pledge agreement in the state competent authority*
* No fee shall be charged for the reference, in the case of execution of the fee for unified reference issued by the Real estate Cadaster State Committee of the RA Government and the fee for registration of the title of the Bank resulted from the pledge agreement in the state competent authority through ARPIS software applicable by the Bank
The abovementioned pledge related costs may be borne either by the client or by the Bank. Moreover, in the event the costs are borne by the Bank, if the client fully repays the loan before the maturity within 24 months following the transfer, the borrower will refund the costs provided by this clause borne by the Bank.
** other terms of refinancing, which are not included in points 41-48 hereof, shall be the same as provided by points 1-41 hereof   
In addition to the fees, indicated herein the borrower shall bear the following costs (for 1 item of collateral)   
✓ Property appraisal fee 15,000 - 25,000 AMD (for apartment and dwelling house). The fee may vary depending on the type of collateral. The list of companies collaborating with the Bank and the tariffs are available at the list of appraisal companies  Unified reference – up to 10.300 AMD 
✓ Inquiry of information 1300 AMD
✓ Notarization fees 15.000 AMD
✓Registration of collateral right – up to 26,300 AMD
✓ Insurance of the property and the borrower; the list of companies collaborating with the Bank and the tariffs are available by the following link: The list of insurance companies 
Irrespectively of the rates specified herein, the fees for services provided by the third parties may vary by the third parties. 

1 THE INTEREST AMOUNTS OF THE LOAN ARE CALCULATED UPON THE NOMINAL ANNUAL INTEREST RATE. THE INTEREST AMOUNT OF THE LOAN IS CALCULATED ON THE ACTUAL LOAN BALANCE, AND THE NOMINAL INTEREST RATE INDICATES HOW MUCH THE LOAN WOULD COST THE CLIENT GIVEN THE INTEREST AMOUNTS AND OTHER PAYMENTS WERE PAID ON TIME AND IN THE DEFINED AMOUNTS. Annual actual interest rate is calculated herein with the account of tariffs provided for ARCA CLASSIC type cards. The actual interest rate may be amended if the loan is provided by other cards issued by the Bank. Calculation of the actual interest rate is carried out with the account of terms of re-financing.
2ID Bank reference rate (IBRR) and the calculation methodology are available by the following link: The IBRR for loans extended under these terms may be changed 2 times annually, in May and November; moreover, the changes will take effect within 30 calendar days after being published. Maximum and minimum limits of floating interest rates for USD loans can be 8,5% and 17.5%, for AMD loans 10% and 20% respectively.
The total amount of unsecured loans of the borrower at ID Bank CJSC must not exceed 10 000 000 AMD.
4 The customer should not be included in the list of unwanted customers of the bank. the legal relations regarding the classification of the bank as an unwanted customer are regulated by the procedure "Оn defining the criteria of classification of a client as unwanted and management of relations with them".
5Credit lines and Rocket Line are included in the TDI calculation for a period of 60 months, by annuity repayment, Rocket line limit and credit line contract amount.
If the payment provided by the lease agreement is different than the actual payment amount then a leasing payment established by an independent appraisal company is accepted.

Table 1

Interest rate matrix

Income-based loans

For floating rate loans Fixed interest rate for loans for the whole period
Loan term (months)/loan ratio (without Rocket Line limit and credit line) 36-60  61-84 85-120 60 61-84
AMD up to 40% 13.50% 14% 14.50% 16.50% 17%
41%-60% 14% 14.50% 15% 17% 17.50%
61%-70% 14.50% 15% 16.50% 17.50% 18%
USD up to 40% 10.50% 11% 11.50% 12.50% 13%
41%-60% 11% 11.50% 12% 13% 13.50%
61%-70% 11.50% 12% 12.50% 13.50% 14%

Non-income-based loans

Loan term (months)/loan ratio (without Rocket Line limit and credit line) For floating rate loans Fixed interest rate for loans for the whole period
36-60  61-84 85-120 60 61-84
AMD up to 30% 14% 14.50% 15% 17% 17.30%
31%-50% 14.50% 15% 15.50% 17.30% 17.60%
51%-60% 15% 15.50% 17% 17.60% 18%
USD up to 30% 12% 12.50% 13% 14% 14.50%
31%-50% 12.50% 13% 13.50% 14.50% 15%
51%-60% 13% 13.50% 14% 15% 15.50%

If the approved Rocket Line limit is at least 20% of the offered loan, in case of using it in the amount defined by the agreement with "Rocket Line 0%" loan, the loan interest rate is set 2% lower than the initial interest rate for AMD loans and up to 1 percentage point lower in case of loans in USD. The interest rate is reviewed on a six-month basis, based on data from the previous six months, over the entire period of the real estate loan.

Annex 1

Structure and the share of the income

Type of income

Salary (equivalents), received for the main work time, based on the professional skills and abilities, and the basic income (profit) received as a result of private entrepreneurship, which is proved on the basis of statements presented to the RA tax authorities 100%
Rental income based on the lease agreement(s) concluded in accordance with the law (received at least 3 months prior to the date of loan application) and / or the lease payment assessment act made by the independent appraisal organization. Moreover, the property of the customer's residential address cannot be considered as leased property.[1] 80%
Pension for long term service (officers of police, Ministry of Defense, Penitentiary and other similar authorities, pedagogues, judges, etc.), death of breadwinner and etc. (other than age and incapability pensions) 100%
Income from investment to the government treasury bills, CBA securities, other securities, during at least one-year period preceding the date of application. 60%
Income received from the entrepreneurship activities of the borrower for the last reporting period, which are not justified with documents stipulated by the RA legislation, but with the internal book-keeping documents, monitored and analyzed by the respective unit of the Bank 100%
Performing paid works or delivery of services within at least one year, justified by appropriate agreement Up to 100%
Transfers received throughout a year preceding the date of loan application, moreover, they should have been received for at least 4 times, once every 90 days or at least 3 times, if received through the Bank. 60%
Interest received from funds (deposit) maintained in the Bank and/or other financial institution during at least one year preceding the loan application, but not earlier than 3 months preceding the loan application. 50%
Other income, acceptable by the competent authority of the Bank  Up to 100%



1. Prior to concluding loan agreement the Bank must provide to the customers personal paper of essential terms of consumer loan the amount of which is not above 15 million AMD, in which the personal terms and conditions of the loan to be provided are indicated.
2. A customer has the right to unilaterally terminate the loan agreement without any reasoning within 7 (seven) business days (time to think) after signing the loan agreement by returning the received overdraft amount in full and paying interests calculated in accordance with the annual nominal interest rate as defined by the agreement.
3. In case of early repayment, the Bank’s income-generating payments which constitute to the total lending cost in terms of the client are decreased proportionally.
4. The customer also has the right to fulfil (repay) its contractual liabilities ahead of schedule irrespective of the circumstance whether the agreement provides such a right or no.
5. Real estate Mortgage agreement should be verified by a notary public. The title, mortgage right and other property rights are subject to state registration.
6. Loan interest is calculated on the basis of nominal interest rates. The loan interest is calculated with regard to actual balance of the loan.
7. The nominal interest rate indicates how much the loan would cost the client given the interest amounts and other payments are paid on time and in the defined amounts
8. The order of calculation of annual nominal interest rate is presented at the following link: Instruction on calculation of annual nominal interest rate.
9. For foreign exchange loans the calculation of the actual interest rate is based on the exchange rate published on the CBA official site as of the date of the loan. Actual interest rate can be changed depending on the change of the value of the exchange rate published on the official site of the CBA.
10. For foreign exchange loans the interest calculated with respect of the principal amount can be paid in the currency of the loan, if requested by the borrower.
11. For foreign exchange loans the changes of the foreign exchange rate can affect the repayment of the loan.
12. In case of failure to make the loan and interest amount payments the pledged funds and/or property of the customer can be confiscated in an order prescribed by law, and the Bank shall send the information on the client to the credit bureau within maximum three business days where the client’s credit history is built. Once a year the client has the right to receive information on his/her credit history free of charge.
13. Bad credit history can prevent a customer from getting a loan in the future.
14. The property right (apartment or house) of the borrower may be forfeited if the borrower fails to perform or improperly performs his/her loan obligations.
15. In case if the client fails to perform its obligations, the latter’s obligations can be paid at the expense of other property of the client.
16. Repayments of overdue liabilities are made in the following order: confiscation expenses, including judicial expenses (if applicable), interest penalty, loan principal amount penalty, interests, service fee and commissions /if applicable/ and loan amount. The Lender has the right to unilaterally change the order of repayments mentioned in this paragraph at any time
17. Disputes arising between the parties according to the RA legislation can be settled through court or by means of the Financial system mediator (as prescribed by RA law on “Financial System Mediator”): address – 15 M. Khorenatsi St. Yerevan 0010, “Elite Plaza” business center, 7th floor, e-mail –, phone number – (+37460) 70-11-11, fax – (+37410) 58-24-21. Moreover, in case if the amount of property claim does not exceed 500 000 (five hundred thousand) AMD or equivalent in foreign currency, the decision of the Financial System Mediator cannot be appealed by the Bank.
18. For the purpose of proper study of the client in accordance with the RA law “On combating money laundering and terrorism financing” the Bank may require additional documents or information on the “know your customer” principle
19. According to the agreement with the USA based on the Foreign Account Tax Compliance Act (FATCA) the Bank may collect additional information for the purpose of identification of the fact of the client being a US taxpayer. 
 20. The client has the right to communicate with the Bank through a preferred means of communication: e-mail of regular post. The electronic means of communication is the most comfortable. It is available 24/7 and is free of the risk of losing information in paper as well as ensures confidentiality
21. The conditions on providing statements, their copes, references throughout the term of the loan agreement can be found at the following link:  tariffs.
22. The list of branches and ATMs of the Bank, information on their locations and working hours can be found at the following link: Branches and ATMs.
23. Remote service by the Bank is provided thought online system and Idram&IDBank mobile application, the information on the terms and tariffs of which is given in “Public terms of providing remote banking services.”



The page was updated 19.11.2021 11:52

The following documents should be submitted to the Bank to get consumer loan secured with real estate:

  • ID document,

  • Public service number /reference on non-receiving the PSN

  • Income proof

  • Statement of residence (persons, currently residing in)

  • Title of the pledged property

  • Other documents, as required   

The page was updated 17.11.2017 12:56
Attention: The Bank does not bear any responsibility for the inaccuracy of information on the linked web sites, nor does it accept any responsibility for the advertisements therein or possible consequences arising out of use of information provided on the linked web-sites. In case of any discrepancies in the website materials in Armenian, Russian and English languages, the Armenian version is prevailing.