What mortgage rates apply in Armenia?

Dram (AMD) mortgages typically carry about 8–12% per year, while US-dollar loans run lower at roughly 5–9%. Rates depend on the lender, the term and your deposit. Major lenders such as Ameriabank and Ardshinbank publish current rates, so confirm before relying on an estimate.

How much deposit do I need for an Armenian mortgage?

Lenders usually require a deposit of about 20–30%, capping the loan at 70–80% of the property value. Some subsidised or first-home programmes allow a smaller deposit. A larger deposit lowers your loan-to-value ratio and can secure a better rate.

Should I take an AMD or USD mortgage in Armenia?

USD loans often have lower headline rates but carry exchange-rate risk if your income is in dram. AMD loans cost more in interest but remove currency risk. Match the loan currency to the currency you earn in to avoid surprises when the dram moves.

How do Armenian banks check affordability?

Banks generally require the mortgage instalment to be no more than around 40–45% of your net monthly income, sometimes lower once other debts are counted. This calculator shows the income you would need at the cap you choose so you can test whether a loan is realistic.

Does this calculator store my data?

No. All calculations run locally in your browser and nothing is uploaded, so your figures stay private.

Armenia Mortgage Calculator

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This Armenia mortgage calculator models a home loan the way Armenian banks structure them. Dram loans commonly run 8–12% p.a. and US-dollar loans 5–9% p.a.; major lenders include Ameriabank and Ardshinbank. It applies the standard amortising annuity formula, flags your loan-to-value ratio and shows the income a lender would expect.

How it works

The monthly repayment uses the amortising annuity formula:

M = P × r / (1 − (1 + r)^−n)

where P is the loan amount, r is the monthly rate (annual ÷ 12) and n is the number of months. The calculator also derives:

Loan-to-value (LTV): loan ÷ price. Most lenders cap this at 70–80%.
Income needed: the net monthly income at which the instalment equals your chosen affordability cap (default 40%).
Total interest: monthly × months − loan.

Example

A property at AMD 60,000,000 with a AMD 15,000,000 deposit (25%) leaves a AMD 45,000,000 loan at 75% LTV. At 11% over 20 years, the calculator returns the monthly instalment, the income needed to keep it within 40% of earnings, and the total interest paid.

Notes

USD loans carry exchange-rate risk if you earn in dram — match the currency to your income. Notary fees, the state duty and registration costs, property insurance and life cover are not included. This is an estimate, not a loan offer.