Up to 4 million AMD
0% interest rate
Up to 60 months-term from which
Up to 12 months are grace period
If You need money
• for Small and Medium Rural Business Development
• for the acquisition of big cows and 14-17 months female young animals
as well as for other similar purposes, then ''KAMURJ'' UCO CJSC offers You a subsidized agricultural Microloan without a pledge with the following conditions:
Loan granting conditions
Indicators
|
limits
|
Borrowers
|
RA citizen and RA resident individual (s) (Individual Entrepreneurs) The resident legal entities
|
Age limitation
|
Borrower's age at the moment of applying minimum 18, maximum 70
|
Loan amount
|
Up to 4 million AMD |
Loan maturity
|
Up to 60 months
|
Annual interest rate
|
14%
The interest rate subsidy will be implemented in such a quantity that the loan will be provided to the borrower.
• 3% interest rate for purchasing imported pedigree bovine animals
• 2% interest rate for purchasing pedigree bovine animals grown in the Republic of Armenia
• 0% interest rate to the economic entities of the border communities included in the list approved by the decision N 1444-N of the Government of the Republic of Armenia of December 18, 2014 or to the cooperatives operating in the field of agriculture
|
Annual factual interest rate
|
0% - 14.93%
|
Grace period for loan payment
|
Up to 12 months
(when only interest and service charges are repaid)
|
Payment mode
|
• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
|
Applicable penalties
|
Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
|
Lending territory
|
Territory of RA
|
Basic Security
|
Guarantees of minimum 2 individuals
|
Early payment penalty
|
The borrower should pay accrued interests and penalties (if any) until the early payment date.
|
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
|
The project is implemented in cooperation with the Ministry of Agriculture, the GFK and the Company, with a trilateral agreement approved by the cooperation of subsidized agricultural loans.
*Up to 12 months may be set as a grace period at the beginning of the loan year
List of necessary documents
• A certificate issued by the Agricultural Development Foundation.
• Customer identification document (passport issued by the Republic of Armenia)
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.