To receive assistance, you must physically apply to the bank (use the browser's translation tool to view the English version if it's not available) or credit organization that provided the mortgage loan.

About The Program

Within the framework of the program, in the event of the birth of a child in a family repaying a mortgage loan, the family is provided with a lump-sum financial support directed towards the repayment of the principal amount of the mortgage loan. The program is valid until December 31, 2026.

Requirements

The program can be used by citizens who meet the following mandatory requirements:

• The beneficiary has RA citizenship and is the mortgage loan payer (the borrower)
• The beneficiary applies for inclusion in the program before the child turns 1 year old (inclusive)
• The price of the acquired real estate (or a home in a building under construction that is not yet ready) is a maximum of 35 million AMD, which increases by 5 million AMD for each 3rd and subsequent child of the applicant.
• The acquired or under construction/constructed residential real estate is the only residential real estate owned by the beneficiary and his/her spouse (if the marriage is registered) under personal or common joint or common share ownership (50% or more share)
• As of the date of application, the beneficiary has made mortgage loan repayments for at least 12 months, and the total number of days of delay on the repaid mortgage loan during the last 12 months does not exceed 30 calendar days.

Required Documents

To apply for the assistance program, you must submit:

• Identity document
• Birth certificate of the child(ren)
• Public service number (PSN)
• Statement of payments for the last 12 months
• Certificate of ownership of real estate
• In the case of a registered marriage, a marriage certificate

Amount of Support

The amount of support provided in the event of the birth of a child is, as of the date of application:

• 10% of the remaining principal amount of the loan (but not more than 500,000 AMD), and in Yerevan city - 5% (but not more than 500,000 AMD) if the child is the first or second child of the beneficiary
• 50% of the remaining principal amount of the loan (but not more than 2,000,000 AMD), and in Yerevan city - 25% (but not more than 2,000,000 AMD) if the child is the third and subsequent child of the beneficiary
• The support is increased by 50% if the residential real estate was acquired or the individual residential house was built/is being built in a border settlement or in a rural settlement where schools or kindergartens are being built,
• In the case of the birth of more than 1 child at the same time, the amount of support is calculated based on the number of children born.

Delivery Period and Procedure

• The Ministry of Labor and Social Affairs checks the beneficiary’s compliance with the program conditions by automatically receiving information about the child-parent relationship, the child’s being alive, marital status, and real estate owned by the beneficiary.
• The check is carried out within 10 working days.
• The Ministry decides whether to include or reject the beneficiary in the program. Then, within 3 days, it electronically notifies the financial organization (bank) and the beneficiary.
• After signing the mortgage agreement, the Ministry transfers the amount to the organization’s account within 10 days.
• In the case of building an individual house, the amount is transferred after the loan is provided.
• The Ministry notifies the beneficiary by e-mail about the transfer of the amount.

Reference to Legislation

• RA Government Decision No. 968-L of May 14, 2020

The decision can be found at arlis.am