Agricultural loans

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Annuity Reducing

Agro AVAILABLE MICROloan

From 1,500,000 to 3,000,000 AMD

Interest rate - 13-15%

Loan term 8-36 months from which 

up to 27 months are grace period

 

 

If you need money for
 

   agricultural business development

  

and for other similar purposes, “Kamurj” UCO CJSC offers you this. 

 

Loan providing conditions 

 

Indicators 

Limits

Borrower (s)

RA citizen (s) and RA resident individual (s) (individual entrepreneurs)

The resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 20, maximum 70

Loan Amount

1,500,000 - 3,000,000 AMD

Annual interest rate

13,5% for replenishment of working capital

12,5% for capital investments*

13,5% for combination

Loan Maturity

8 - 24 months for replenishment of working capital

24 – 36 months for capital investments*

24 – 36 months for combination

Grace period of loan repayment

3 - 27 months

Loan commission

0%

Monthly servicing fee

0%

Lending territory

in the whole territories of the Republic of Armenia

Loan safety**

Guarantee of 2 individuals

Preterm repayment conditions

The borrower is obliged to pay until the prepayment day the calculated interests, which cannot be less than the first eight interest amount stipulated in schedule as well as penalty fees (if they exist). 

Applicable penalties

Overdue loan amount and overdue interest rates 0.25 per day (maximum 90 calendar days)

Maximum length of decision-making Within 10 days after presentation of all the required documents

*   In case of capital investments the wholly  loan amount should be directed to the capital investments, if something else is not specified by the refunding Company

** Borrower’s family members are not considered as loan repayment guarantors.

  
The loan granting is financed by KFW.

 

List of necessary documents

 Passport issued by the Republic of Armenia


 

Loan Registration place

 

 

The Head office and all the branches of “Kamurj” UCO CJSC 

 

Positive and negative decision factors on loan granting.



For 30 boarding communities of Tavush and Vayots Dzor regions almost all types of loans up to 4 million AMD or up to 10.000 USD are provided with the following privileges:

 

   Without loan granting fee 

   Without commission fee

 

 Annual interest rates of all types of loan have been reduced to 18%. Only the annual interest rate of the individual loan for real estate renovation is reduced to 16%.  

 

  

The list of board communities of RA who have privileges



 

ATTENTION: If you do not perform your whole liabilities within prescribed time, the information about you will be recorded in the Credit Register of the Central Bank of Armenia by the creditor.

 

WARNING: Your assets (house, car, etc.) may be confiscated if you do not make payments of interest and credit amount within the prescribed time as well as other regulations specified in the agreement between you and the “Kamurj” company.