BUSINESS LOANS

Loan Calculator










Annuity Reducing

Entrepreneurial/agricultural MICROcredit

Up to 3,000,000 AMD or up to 6,000 $ 

Starting at 15% interest rate

Up to 36 months

With 27 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

Age limitation Borrower's age at the moment of applying must be 18-70
Loan amount Up to 3,000,000 AMD or up to 6,000 USD 
Annual interest rate 

14% for US dollar

17% in case of AMD
Loan maturity

Up to 36 months

Grace period of loan repayment

Up to 27 months

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.

Granting fee

2.5% for US dollar

3% in case of AMD
Loan servicing monthly fee Free of charge
Loan application review fee Free of charge
Lending territory RA territory
Basic security

Guarantees of 1 or 2 individuals.

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

Credits up to 2,000$ can be provided on a single-person basis.

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 1 days 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

 

 

 

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.