Up to 4,000,000 AMD or up to 10,000 $
Starting from 14% interest rate
With 48 months
Up to 36 months grace period
Without a pledge
If You need money for:
• Development of Business,
• Agriculture,
• Accomplishment of creditor debt, as a consequence of the business activities
as well as for other similar purposes, "KAMURJ" UCO CJSC offers you a loan with the following conditions:
Loan granting conditions
| INDICATOR |
LIMITS |
| Borrower (s) |
RA citizen (s) and RA resident individual (s) (individual entrepreneurs)
The resident legal entities, In case of agricultural loans, also RA citizens and RA resident individuals
|
| Age limitation |
Borrower's age at the moment of applying must be 18-70 |
| Loan amount |
Up to 4,000,000 AMD or up to 10,000 USD |
| Annual interest rate |
20% in case of AMD
14% for US dollar
|
| Annual factual interest rate |
In case of AMD - 24.83%
In case of USD - 16.29%
|
| Loan maturity |
With 48 months
|
| Grace period of loan repayment |
Up to 36 months
|
| Payment mode |
• Annuity (equal monthly payments)
• Equal monthly payments on the loan amount
• Other - customer cash flow matching
|
| Payment mode |
• For business and agricultural purposes up to 6 months in the case of monthly (annuity) payments, in addition, with no more than 3 months in each 12-month period,
• In case of agricultural purpose and individual schedule (interests are calculated against the loan amount balance) maximum 27 months, in addition, every 12 month period at least 3 repayments of the loan should be done.
|
| Loan servicing monthly fee |
In the case of AMD - 0.2% of the balance of the calculated loan amount
In the case of US dollars: 0.1% of the balance of the calculated loan amount
|
| Loan application review fee |
Free of charge |
| Lending territory |
Territory of RA |
| Basic security |
Guarantee of 1 or 2 individuals.
Loans up to AMD 1,500,000 or USD 3,000 can be provided with a guarantee of 1 person.
Persons who are affiliated with borrowers can not be guaranteed the same borrower and loan.
|
| 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 term of loan approval |
Within 7 days after presentation of all the required documents |
| Maximum length of loan granting |
Within a day after presentation of all the required documents |
List of necessary documents
• RA passport, Private Entity Certificate, Taxpayers’ Identification Number (TIN)
Actual annual interest rate
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.
