Loan Calculator

Annuity Reducing

Group loan - URBAN

50,000 - 1,500,000 AMD  

Term up to 24 months, from which

up to 6 months are grace period



 If you need money to implement

    entrepreneur activities,

    reconstruction /renovation/, building,

     for other purposes,

and you can create a group including minimum of 3 people (individual or individual entrepreneur) then “Kamurj” UCO CJSC offers you this type of loan with following terms


Loan granting conditions

Borrower (s) RA citizen (s) and RA resident individual (s) 
Age limitation 18-70
Group members minimum 3
Loan Amount 50,000 - 1,500,000 AMD
Loan annual interest rate 20% - 24%` depending loan phase
Loan Maturity Until 24 months
Grace period of loan repayment  Up to 6 months  (only interest and service fees are paid)
Loan monthly service fee  0,2%
Loan application review fee Free of charge
Cash withdrawal fee Free of charge
Loan disbursement fee 1,5% - 6% (lump sum)  depending on loan term
Lending territory  The Republic of Armenia 
Loan safety

The collective liability

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

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). 

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 based on loan granting positive or negative decisions.
Example of interest rate calculation



Annual fixed 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 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.