Mortgages

Looking for an affordable and flexible mortgage loan?

We will help you to choose the one that suits your purchasing or renovating needs best.

Mortgage Loans

Property purchase loan in AMD

Interest rate
14%1

Interest type
floating

Loan maximum amount
AMD 200 million

Term
12-180
months

Term
12-180 months

 

Property purchase loan in USD

Interest rate
10%

Interest type
floating

Loan maximum amount
USD 400,000

Term
12-240/300
months

Term
12-240 / 300 months

 

Property renovation loan in AMD

Interest rate
14%1

Interest type
floating

Loan maximum amount
AMD 20 million

Term
6-84/120
months

Term
6-84 / 120 months

 

Property renovation loan in USD

Interest rate
10%

Interest type
floating

Loan maximum amount
USD 50,000

Term
6-84/120
months

Term
6-84 / 120 months

 

1 13% for PLUS and STATUS customers

Your property may be repossessed in case you do not properly meet your loan obligations.

Your property may be repossessed in case you do not properly meet your loan obligations.

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 01/02/2017 15:00

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 01/02/2017 15:00

 

What are the packages of insured risks?

Motor insurance package has two sections - Section I and Section II.
Section II can be purchased only if Section I is purchased. Section II is optional.

1. Section I includes:
Physical damage caused to the car including damage caused as a result of car accident or other external impact, fire, illegal actions of third parties including theft, robbery

2. Section II includes:
Damage caused to the life and health of driver and passengers as a result of motor usage.

 
 

How much does Motor Insurance cost?

Annual insurance rate for the coverage included in Section I is 2.5% of the sum insured.

Annual insurance rate for the coverage included in Section II is 0.1% of the insured amount.

 
 

Can I arrange partial Motor insurance?

You can insure your car for the full amount of the car's market value or any portion of it (with the exception of insurance of cars purchased with a loan provided by HSBC Bank Armenia cjsc whereby insurance for the full amount of the car market value must be purchased).

 
 

What are the deductible amounts for Motor Insurance?

  1. 1% of sum insured, minimum AMD 50,000
  2. For drivers with less than two years of driving experience the deductible is doubled
  3. Insurance is not provided to drivers with less than six months driving experience
  4. Deductible in case of theft comprises 5% of the sum insured in case an anti-robbery system is available on the car, and 10% if no such system is available.
 
 

Is examination of the car required for Motor insurance?

Yes, car examination is required for purchasing Motor insurance.INGO ARMENIA icjsc representatives will contact you within 2 working days after signing of the insurance policy to arrange the examination of your car. The insurance policy will enter into force only after the examination is conducted.