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 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 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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Updated 01.02.2017 10:35