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Receive Support for Repaying a Gold-Collateral Loan as a Forcibly Displaced Person from Nagorno-Karabakh
Within the framework of the program, the Government of Armenia forgives the debts of forcibly displaced persons from Nagorno-Karabakh who, prior to September 19, 2023, had a consumer loan secured by gold in Armenian banks or credit organizations, provided that the loan amount does not exceed 2,500,000 AMD.
To apply for the support program, you must send the required documents to the email address: [email protected].
Eligibility Requirements
Only individuals forcibly displaced from Nagorno-Karabakh are eligible, provided that their total outstanding obligations in all banks and credit organizations as of December 29, 2023, do not exceed 2,500,000 AMD.
Required Documents
To receive support, attach a copy of your passport to your email application. Your phone number must also be included in the application text.
Provision Timeline and Procedure
- Based on your application, the Ministry of Finance prepares a debt forgiveness agreement. A notification is sent to you via the contact details provided in the application, specifying the date and time to visit the Ministry of Finance.
- On the specified date, the applicant visits the Ministry, signs, and receives their copy of the debt forgiveness agreement.
- The Ministry then compiles and sends the signed agreements to the relevant financial institutions so that the collateral can be released.
- The applicant then receives an email notification indicating that they may now approach the financial institution to retrieve the released items.
Reference to Legislation
- RA Government Decision No. 2326-N, dated December 28, 2023
- RA Government Decision No. 481-A, dated April 4, 2024
These legal acts are available at arlis.am.
Working hours:
10:00 AM - 6:00 PM
Phone numbers:
0-8000-2020
(+374) 010 58-59-80
Viber: (+374) 041 58-59-80
9:00 AM - 6:00 PM
(374) 011 80-03-68
Different channels may require different amounts of time and resources.
Working hours:
10:00 AM - 6:00 PM
Phone numbers:
0-8000-2020
(+374) 010 58-59-80
Viber: (+374) 041 58-59-80
9:00 AM - 6:00 PM
(374) 011 80-03-68