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National Mortgage Company in cooperation with the French Development Agency are realizing a program aimed at providing better housing by making energy efficient improvements to a new or existing home. Targeting around 3000 low and moderate-income families, the program aims at making these loans available to anyone who is interested in making valuable improvements to a home by using energy saving technologies, hence lowering monthly utility bills.
Jerm Ojakh micro-loans
| Micro-loan terms | |
| Loan Amount |
From AMD 275,000 up to AMD 2.2 million |
| Loan Term | Min 5 years |
| Interest rate | Max 14% annually |
| Pledge |
No need |
| Grace period |
From 6 months up to 12 months |
| Grant |
10% from the initial amount of the loan (is directed to the repayment of the loan principle, if the requirements are met) |
Jerm Ojakh Energy-Efficient loans
| Energy-efficient loan terms | |
| Loan Amount |
From AMD 2.2 million up to 5.5 million |
| Loan Term | Min 10 years |
| Interest rate | Max 11% annually |
| Pledge |
Property to be renovated |
| Grace period |
From 6 months up to 24 months |
| Grant | 5% from the initial amount of the loan (is directed to the repayment of the loan principle, if the requirements are met) |
At least 70% of the loan amount spent on acquiring materials for renovation must be used to buy energy saving materials and technologies.
Considering home improvements? This type of loan is right for you.
| Property Renovation loan terms | |
| Loan Amount |
Up to AMD 35 million (max AMD 25 million refinanced by NMC) |
| Loan Term | Min 5 years |
| Interest rate | Defined by PFI (around 12.5%-15% annually) |
| Pledge |
Property to be renovated |
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In case of any inconsistency between the published Armenian and English versions, the Armenian version prevails.
Updated 16.06.2017 14:22
