Agricultural loans

Loan Calculator

Annuity Reducing

Group loan - SWALLOW

50,000-1,500,000 AMD 

Loan maturity - up 24 months

from which up to 18 months are grace period  



If you need finance for agricultural or other purposes and you can create a group of minimum 5 villagers then “Kamurj” UCO offers you the loan with following conditions

Loan granting terms


Borrower (s) RA citizen (s) and RA resident individual (s)
Age limitation 18-70
Group members minimum 5 
Loan amount AMD 50,000 - 1,500,000
Annual interest rate 20% - 24%` depending loan phase
Loan Maturity Up to 24 months
Grace period of loan repayment

Up to 18 months (only interest and service fees are paid)

Loan monthly service fee 0,2%
Cash withdrawal fee Free of charge
Loan application review fee Free of charge
Loan disbursement fee 1,5% - 6% (lump sum) depending on loan term
Loan application review fee Free of charge
Lending territory

The Republic of Armenia

Disbursement method

AMD, cash, lump-sum payment

Loan Security The collective liability
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 0.12% 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 1 days after presentation of all the required documents


List of required documents


      Passport issued by the Republic of Armenia


Factors influencing on loan granting approval or rejection decisions
Example of interest rate calculation  

Annual real interest rate 

ATTENTION: Annual real 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 rate by pressing here 8/01



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.