Consumer loans

Loan Calculator










Annuity Reducing

Lombard credit Simple: from 100% to 150%

20,000-2 million AMD

Up to 24 months

 

If You need money urgently


         to meet consumer needs,

 

  and You can pledge golden things or gold, and You do not want to pay assessment, as well as, granting fees of loan, then “Kamurj” UCO offers You a Lombard credit with a pledge of gold with the following conditions:

 

Loan Disbursement Conditions

  INDICATOR  CONDITIONS 

Borrowers

RA citizen (s) and RA resident individual (s)
Age limitation 18-70
Loan amount 20,000-2,000,000 AMD
Annual interest rate

 14.8% for new customers
 13.8% for current customers and for those previously having a loan 

Loan repayment term

 Up to 12 months
 Up to 24 months in case of Monthly (annuity) payments

Loan / collateral ratio

150%
 The sum of current and repaid loans of Customer should not exceed 45 schedule days in the last 12 days of the month, and 20 schedule days over the last 3 months,
 Customers must have 3 -month registered salary in the NORK system,
 The unsecured part of the pledge can not exceed 150,000 AMD
125%
 The sum of current and repaid loans of Customer should not exceed 45 schedule days in the last 12 days of the month, and 20 schedule days over the last 3 months,
 The unsecured part of the pledge can not exceed 75,000 AMD
100%
 In other cases

Loan servicing monthly fee

• 600 AMD up to 100,000 AMD loan,
 0.4% up to 100,001-1,000,000 AMD loan,
 0.3% up to 1,000,001 and more AMD loan

Payment mode

 Monthly equal payments (annuity),
 Loan principal repayments at the end of the loan agreement term, Interest payments: monthly

Granting fee

 0%, if the loan / collateral ratio is 100%,

 0%, if the loan repayment term is annuity in case of any loan /collateral ratio,

 3.8% (but no more than 15,000 AMD), if the loan / collateral ratio is 125% or 150%, and the loan repayment mode- interests and service charges are monthly, and repayment of loan amount at the end of the loan agreement term

Gold Assessment Fee Free of charge
Granting mode With AMD, cash and  lump-sum
Lending territory Territory of RA
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 0.25 per day (maximum 90 calendar days)

Other conditions

 No other person's warranty is required,
 Custody is free for 2 months, but for further custody 1000 AMD per month is charged,
 The following gold categories are acceptable: 375, 500, 583, 750, 875, 900, 958, 999

Maximum term of loan approval

20 minutes

   

 

Necessary requirements for Borrowers


 Up to 200,000 AMD loan (and if the loan / collateral ratio does not exceed 100%) ACRA request is not made, 

 In case of loans, exceeding 200,000 AMD, the borrower's credit risk class is acceptable until the doubtful class,

 The Borrower may not have a credit history.

 

List of Required Documents


 Passport and/or Identification card, and Social card,
 In case of loans exceeding 200,000 AMD and if the loan/collateral ratio is more than 100%, Application form (agreement of making a request from ACRA/NORK systems is included),
 In case of 200,001 AMD or more, Application form (agreement of making a request from ACRA / NORK systems is included).


Actual Annual interest rate 


ATTENTION: Annual real 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 real interest rate in following address  8/01

 

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.