BUSINESS LOANS

Loan Calculator










Annuity Reducing

BUSINESS – CREDIT LINE

From 6,000 to 150,000 USD or 3,000,000 - 35,000,000 AMD

Started from 16% interest rate

2% for non-utilized part

Until 24 months’ term from which 

up to 18 months are grace period

 

 

 

If you need sum for 
 

      Your business development,

      replenishment of working capitals  
 

as well as for other similar purposes and you can mortgage appropriate property then “Kamurj” UCO offer you business loan with following conditions.  


Loan granting conditions


Indicators

Limits

Borrower (s)

RA citizen and RA resident physical (as well as private entrepreneur), RA resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 20, maximum 60

Loan amount

6,000 - 150,000 USD

3,000,000 - 35,000,000 AMD

Loan currency           

USD, AMD

Credit line repayment        

Until 24 months

Grace Period

Up to 18 months

Annual interest rate accrued to the utilized amounts

USD - 14%-16%

AMD - 16%-18%

Annual interest rate accrued to non-utilized amounts

2%

Disbursement fee        

Lump-sum equal to 1.5% -of loan amount, minimum 45,000 AMD

maximum 400,000 AMD

Loan application review fee

7,000 AMD  in case of 10,000,000 AMD loans (equivalent currency)

15,000 AMD in case of 10,000,000 AMD and more loans (equivalent currency)

Repayment mode           

conventional (Interest is charged on the outstanding balance of the loan amount)

Applicable penalties

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

Lending territory              

RA territories 

Loan Security

Real estate or moving property

Additional security Guarantee for Legal entity and / or individual, pledge of moveable property and so on
Pledge Insurance

Is not mandatory

The borrower covers the insurance expenses according to the tariffs of insurance companies
Other conditions

 Repayment of the minimum requirement, equal to last six months

 The credit line is frozen for the last six months

Maximum length of decision-making 

Within 10 working 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 loan repayment no fines and penalties are levied

 

 

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 valuated price

In case of movable property

up to 40% of liquidation price

 

 

Application rejection


Penalty payment
 

If the borrower does not perform his loan repayment liabilities in time, or does it partially  (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,2 percent of the overdue amount will be calculated for each day as a penalty.

If the borrower does not perform his loan interest rate payment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,3 percent of the overdue interest amount will be calculated for each day as a penalty.

 

List of necessary documents

  

For Legal and Entrepreneur entities


Fluctuation of foreign currency exchange rates can influence on the repayments of the loan.


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.