You can find detailed information about Score and Credit history here.
Procedure for the definition, calculation, and modification of the calculation rate
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About the procedure for the definition, calculation, and modification of the calculation rate — here.
Frequently asked Questions
In what cases is the subsidy provided by the state?
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The subsidy is provided by the state in case of property acquisition from the secondary market, and the subsidy rate is:
- 2% in case of real estate purchased in Yerevan city,
- 4% in case of real estate purchased in RA marzes.
Is it possible to purchase an apartment from the primary market within the framework of the loan?
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It is possible to purchase an apartment from the primary market if the development of the property has already been completed and there is an ownership certificate for the apartment.
Are loans subject to refinancing?
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Loans are refinanced by "Housing for Youth" CJSC, in connection with which, at the time of granting the loan and throughout its subsequent service period, the loan must meet the requirements set by the refinancing company, otherwise the loan may not be refinanced or the refinancing may be terminated later.
What happens if the loan is not refinanced or the refinancing is later stopped?
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If the loan is not refinanced or later refinancing is stopped:
- The loan is considered provided with the Bank's own resources,
- The annual nominal interest rate of the loan is revised from a fixed interest rate to a floating interest rate according to the procedure defined in the loan agreement.