Consumer loans

Loan Calculator










Annuity Reducing

Tour credit

Up to 1 million AMD

up to 24 month term

including a 2-month grace period


If You need money 

     for acquisition of  tour package

 

“Kamurj” UCO CJSC offers You a consumer Tour microloan with the following conditions:

 

Loan Disbursement Conditions

Indicator Conditions

Borrowers

RA citizen (s) and RA resident individual (s)
Age limitation Borrower's age at the moment of applying minimum 20, maximum 65

Requirements for the client

  •  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,
  •  During the last one month there should not be 5 and more times ''New loan application’’mark in Customer’s credit report,
  •  In Customer’s credit report the credit risk of entities, affiliated with the customer, is acceptable to the controlled class including (for the affiliates, in respect of a person, ACRA request is not made),
  •  For the borrower the availability of a credit history is  mandatory,
  •  For the co-borrower the availability of a credit history is not a mandatory requirement.
Loan amount

90% of tour package cost, but

1) Maximum 1,000,000 AMD (without a co-borrower maximum 700,000 AMD), if a borrower or one of the co-borrowers  is an employee of taxpayers issued by the authorized state body occupying the first 1,000 places or urban communities and companies paid by the state budgets at least with a 6-month experience,

2) Maximum 800,000 AMD (without a co-borrower maximum 600,000 AMD), if a borrower or one of the co-borrowers is an employee of the other organizations that are not included in the 1st paragraph registered minimum 6 months 
Annual interest rate 20%

Loan repayment term

Up to 24 month term

Grace period for loan payment

Up to 2 months

Payment mode

Equal monthly payments (annuity)

Granting fee Free of charge
Loan servicing monthly fee 0.3%
Loan application review fee Free of charge
Granting mode Non-cash, transferring to the current account of partner companies, according to trilateral agreement and on the basis of the presented invoice
Lending territory Territory of RA 
Applicable penalties 0.5% of the overdue amount for each default day (no more than 30 schedule days)
Early payment penalty

The borrower should pay accrued interests and penalties (if any) until the early payment date

Other conditions
  •  If the package is intended for several persons, then all persons should be co-borrowers of the loan,

Tour packages to Turkey, to foreign countries not requiring visa (except  for the Republic of Georgia, Arab Republic of Egypt, Islamic Republic of Iran) are not being funded

Maximum length of decision- making and informing

With the presentation of all the required documents: 15 minutes

Maximum length of  loan granting
  • With the presentation of all the required documents: 1 working day

 

List of necessary documents

1. Application  form

2. Reference from the workplace (specifying  the period of work) 

3. Passport and Social card /Identification card, if available/ at least  for a borrower /co-borrower 

4. A copy of the tour package

5. Invoice of the full tour package 


 

Monthly payments


1. If You have taken a 1,000,000 AMD Tour Credit with 24 - month term, then your monthly payment will approximately be 54,000 AMD.

2. If You have taken a 800,000 AMD Tour Credit with 24 - month term, then your monthly payment will approximately be 43,200 AMD.

3. If You have taken a 500,000 AMD Tour Credit with 24 - month term, then your monthly payment will approximately be 27,000 AMD.

4. If You have taken a 300,000 AMD Tour Credit with 24 - month term, then your monthly payment will approximately be 16,200 AMD.


 

For example

 

Suppose, on June 19, You have taken a 500,000 AMD Tour Credit with 24 months term. You will pay the principal amount, monthly service fee and interest of the loan for each month averagely 27,000 AMD. The effective annual percentage rate in the given example is 29,36%.

 

 

 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.