Agricultural loans

Loan Calculator










Annuity Reducing

Agro Supporter

50,000-3 million AMD

0-6% interest rate

Up to 12 months’ term

Including a 9 - month grace period

Without a pledge

 

If You need money for

        plants, seeds, fertilizers

       • small farm equipments

        and  purchasing other funds necessary for agriculture

 

“Kamurj” UCO CJSC, for the purchasing of agricultural products and commodities, offers You a credit from its partner suppliers (Hrashq Aygi, Nar –Mil), with the following conditions


Loan granting conditions

 INDICATOR   LIMITS
Borrower (s)

RA citizen (s) and RA resident individual (s) (individual entrepreneurs), resident legal entities

Age limitation Borrower's age at the moment of applying minimum 20, maximum 70
Loan amount 50,000-3,000,000 AMD
Annual interest rate  0%                   1%-6%
Loan repayment term

Up to 6 months   

 

 7-12 months Starting_from_the_7th _month_+1%_

for_each_month

Grace (pause) period for loan payment 0-9 months ( when only  interests are repaid) 
Payment mode

Equal monthly payments (annuity)

< =  6 months - minimum 2 repayments of loan amount

< =  12 months - minimum 3 repayments of loan amount

Granting fee 3% 
Loan servicing monthly fee Free of charge 
Loan application review fee Free of charge 
Granting mode The loan amount is transferred to the bank account of the vendor partner  according to the presented invoice 
Lending territory

Territory of RA

Loan collateral

• up to 500,000 AMD can be provided without a guarantee  

• in case of 500,001 - 1,500,000 AMD can be provided with at least 1 guarantee

• in case of 1,500,001 - 3,000,000 AMD can be provided with at least 2 guarantees 

Early payment penalty The borrower should pay accrued interests and penalties (if any) until the early payment date 
Applicable penalties Overdue loan amount and overdue interest rates 0.25 per day (maximum 90 calendar days)
Maximum length of decision- making

With the presentation of all the required documents:

• 1 hour - up to 500,000 AMD

• 1 working day - in case of 500,001 - 1,500,000 AMD

• 3 working days - in case of  1,500,001 - 3,000,000 AMD 


¹ The list of the partner vendors is approved and reviewed by the Board. The partner supplier must work in the market of RA, be registered as a legal entity or a private entrepreneur, and be engaged in selling agricultural products and/or services.

² Persons who are affiliated with borrower can not be guarantees for the same borrower and loan.


List of  “Kamurj” UCO CJSC partner suppliers


 

"Hrashk Aygi" LLC

214 Arshakunyats ave., Yerevan

Tel.  (+374) 10 44 77 82

       (+374) 10 44 77 83

       (+374) 10 44 44 63

E-mail:  info@hrashkaygi.am


 

"NAR-MIL" LLC

3rd street / House/ 38 Sotk 1623 Gegharkunik, Armenia

Tel.  (+374) 93 24 55 99


 

List of necessary documents

 
     • Passport issued by the Republic of Armenia

 

 

 

ATTENTION: Actual annual interest rate shows how much the loan will cost to you after paying the interest rate and other payments in defined deadlines and amounts. You can find the calculation order of annual interest rate by pressing here 8/01

 

 


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.