BUSINESS LOANS

Loan Calculator










Annuity Reducing

First Attempt Loan of neutralization of the economic consequences of the Coronavirus

3 - 250 million AMD or 6,000 - 250,000$

0 - 4% interest rate

Up to 60 months-term from which

Up to 6 months are grace period

 

 

If you need money to solve the economic problems caused by the Coronavirus, and You meet the conditions required by the first attempt of neutralization of economic consequences, and You can pledge a real estate and movable property, then You can get a loan for the following purposes:


      For employees’ salary or for equivalent payments

      For taxes, duties and mandatory payments of state or community budgets

      For the purchase or import of raw materials

      For the purchase or import of new devices and equipments

      For public service payments

      For the import of food and medicine

 


Loan granting conditions 

Indicators

limits

Borrowers

Businessmen of RA

Age limitation

Borrower's age at the moment of applying minimum 18, maximum 70

Loan amount 

3 - 250 million AMD or 6,000 - 250,000$

Loan maturity       

Up to 60 months-term

Grace period for loan payment

Up to 6 months - in case of AMD

Up to 3 months - in case of USD

(when only interest and service charges are repaid)

Annual interest rate

12% - in case of AMD

9% - in case of USD

Granting fee  

Free of charge 

Loan application review fee

Free of charge 

Applicable penalties

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

Payment mode

 Annuity (equal monthly payments)
 Equal monthly payments on the loan amount
 Other - customer cash flow matching

Lending territory

Territory of RA 
Basic Security Immovable and movable property 
Loan / Collateral value ratio

 In case of immovable property, up to 60% of liquidation price

In case of movable property and village equipments, up to 50% of liquidation price

In case of movable property, up to 40% of liquidation price

Additional Security Guarantee of Legal entity and / or individual, pledge of other immovable or moveable property 
Loan granting method Non-cash
Usage of credit funds Non-cash
Pledge Insurance

Insurance is made as needed

The borrower covers the insurance expenses according to the tariffs of insurance companies 
Maximum term of loan approval

Within 10 days after presentation of all the required documents

Maximum length of  loan granting Аfter the state registration and submission of the pledge right: 2 working days
   

  In case of early repayment of the loan fines and penalties are not charged.

 

 

List of necessary documents

 

For Legal Entities and Private Entrepreneurs

For Individuals

 

 

Other Conditions

 

 The borrower can use only one of the three support options 

 In case of co-financing, the loan / collateral ratio is calculated after deducting the co-financing amount

 The customer must have a good credit history, that is, according to ACRA information,  during the 12 months prior to the loan application date he/she should not have overdue 30- day or more credit obligations 

 Non-fulfillment of tax obligations during the 365 days prior to the date of application no administrative proceedings have been instituted to be charged or as of 31/12/2019 the overdue tax liabilities did not exceed the repaid unified treasury account liabilities, paid state duty amounts, as of December 31, 2019 1% of the total balance of the unified treasury account.

 Additional documents: before provision of a loan, the Customer must submit supporting documents, in particular, in the case of raw materials, equipment, food and medicine contracts, invoices, information on salary and utility bills for liabilities are presented. The business owner should also submit a reference with a detailed description about salaries, payments to the state budget and payments for public services

 Documentary justifications for the targeted use of the loan (receipts) after the loan provision

• According to the decision 26.03.20 357-L defined by the Government of the Republic of Armenia Borrowers must not be user of the third event

 In case of loan purpose  at points  3, 4 and  6,  according to 503-L 09.04.20 contracts, between the customer and partners, for the purchase / import of raw materials and equipment, as well as food and medicine loans, must be sealed after 01.02.20 date 

 Borrowers  must carry out trade activities in the territory of the Republic of Armenia for at least one year prior to the submission of the application

 

 

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.