Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

Microcredit “Express” with 10% interest rate, up to 10 months and in 10 minutes

400,000 - 3,000,000 AMD

Starting at 5% interest rate, for a period of 10 months, in 10 minutes

Without a pledge

If You need money

• for the development of micro and small business;

• agriculture

as well as for the repayment of creditor debt coming for that purpose and for other similar purposes, “KAMURJ” UCO CJSC offers You a loan with following conditions:

Loan granting conditions

Indicator	Conditions
Borrower (s)	Citizens of RA and RA resident individual entrepreneurs, RA resident legal entities, in case of agricultural loans: also citizens of RA and RA resident individuals
Age limitation	18 - 70 years old
Sub-Categories	Without a guarantee	With 1 guarantor	With 2 guarantors
Loan amount	• 400,000 AMD • 500,000 AMD if the Borrower has a quarterly registered salary in NORK system, at least 3 months • 1,000 USD	• 900,000 AMD, • 1,200,000_AMD_if_the_guarantor_is an individual entrepreneur or has a quarterly registered salary in NORK system, at least 3 months • 3,000 USD	• 2,000,000 AMD • 3,000,000_AMD_ if_at_least_one of the guarantors is an individual entrepreneur or has a quarterly registered salary in NORK system, at least 3 months • 7,000 USD
Loan servicing monthly fee of the balance of the calculated loan amount	2.2%	1.1%
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Lending territory	Territory of RA
Loan repayment term	Up to 10 months	Up to 36 months	Up to 48 months
Annual interest rate	• 10% in case of AMD • 5% in case of USD	• 14% in case of AMD • 10% in case of USD	• 16% in case of AMD • 12% in case of USD
Annual factual interest rate	24.74% - 51.63%
Loan repayment grace period	0 - 7 months	0 - 27 months	0 - 36 months
Loan application review fee	Not specified
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 0.12% per day (maximum 90 calendar days)
Maximum length of decision- making	With the presentation of all the required documents: 10 minutes
Maximum length of loan granting	With the presentation of all the required documents: 2 hours

List of necessary documents

• List of documents required from individual clients to obtain an agricultural loan

• List of documents required from legal entities or individual entrepreneurs to obtain an entrepreneurial/agricultural loan

Factors influencing on loan granting approval or rejection decisions

Requirements for Borrowers

• The sum of current and repaid loansof Customer should not exceed 60 schedule days in the last 12 days of the month, and 10 schedule days over the last 3 months

• During the last one month there should not be 5 and more times ''New loan application’’mark in Customer’s credit report

• In ACRA credit report system credit risk class of Persons who are affiliated with the borrower is acceptable until the doubtful class

• The customer (borrower/ one of the co-borrowers) must have a credit history

Other Conditions

• When using the mentioned credit, the borrower must provide a phone number of 1 (one) non-affiliated person and not a guarantor, who will confirm the authenticity of the information provided by the Customer

• Only one of the sub-types can be provided to the customer

• Repaid loan customer is a person whose previously issued loan has been repaid during the previous 12 months

• Persons affiliated with the borrower can not be the guarantor of the same loan and borrower

• In case of granting a loan under the credit ‘Easy Loan in 19 minutes’ and ‘Express’ loan, this one is provided with an additional study

Actual annual interest rate

ATTENTION: The 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 the annual interest rate by pressing here 8/01

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

ATTENTION: The number of loan applications submitted by a Client may have a negative impact on his/her credit rating.

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.

Prices of additional services