* Information on borrowers may be transmitted or disclosed to the "Housing for Youth" RCO CJSC as well as to the Ministry of Finance / Government of the Republic of Armenia.

List of partner universities

Loan applications will be approved taking into account the progress of a student

Attention: Loan interest rates shall accrue based on the nominal interest rate, while the effective annual interest rate shall show how much the loan will cost to you in case interests and other mandatory payments with regards to loan disbursement and service are repaid in due amounts and specified timelines.

Dear Customer, the ratings and the number of inquiries generated as a result of your loan applications may affect your overall credit rating in the Scoring systems.

List of documents required for lending

1. Loan interest rate shall accrue annually over the outstanding loan amount based on a 365-day a year.
2. Once dismissed from a higher education institution, a student shall be obliged to repay the whole amount and interests accrued thereon as of the day of repayment, including accrued penalties, if any.
3. Loan interests shall accrue based on the nominal interest rate.
4. Loan decision shall be made within 5 business days once all required documents are submitted. 
5. Once the authorized body takes a loan decision, the borrower shall be notified about the decision within one day. Once the decision is approved, the borrower shall have maximum 15 days to collect and submit required documents. Where the loan is not disbursed within a specified period, the decision of the authorized body shall be deemed void. Where the decision is reviewed, it will be submitted to the authorized body for reconsideration.           

When applying for a loan, the Lender shall provide you and guarantor(s) (if any) with an individual sheet on essential terms, wherein you will come across individual terms of the loan to be disbursed to you

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future.   

“Your financial directory” is an electronic system which facilitates the search and comparison of the services offered to individuals, and selection of the best options for you.

You have the right to communicate with a financial institution of your choice by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, free from the risks of loss of paper information and ensures privacy.