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Energy Efficient Housing Microloan300,000 -2 million AMD 10.5% interest rate With 10 years’ term Without a service fee
If you need money for Energy Efficient (EE) residential real estate • obtaining, • reconstructing
then “KAMURJ” UCO offers you a credit with the following conditions.
Loan granting conditions
The program is implemented by the “National Mortgage Company” UCO CJSC funding.
¹ During the previous 12 months, borrower’s/co-borrower’s total amount of loan overdue days can not exceed 30 calendar days. ² Persons who are affiliated with borrower can not be guarantees for the same borrower and loan. Co-borrower can not be a guarantee for the same loan. Other Conditions
The peculiarities of loans granted for the purpose of EE real estate purchasing. 1. The evaluation of purchasing real estate is conducted through a questionnaire, assessing the EE. Energy efficient evaluation of an apartment is not required, when it is in a multi-apartment building, where the apartment is located, when the class of EE is C+ or higher, or EE evaluation made by other methodology available for the company (for example, carried out by international organizations). 2. Real estate purchasing loans are provided solely cashless. The peculiarities of loans granted for the purpose of EE real estate construction. 1. In case of loans for construction, the amount of loan can not exceed 80% of the budget amount within the execution of construction works. 2. The property under construction is considered Energy Efficient, when the latter’s EE class is C+ or higher, or when the estimated result of the residential real estate under construction, made through the EE assessment questionnaire, is positive.
Necessary requirements for Borrower’s credit history • Loan obligations should not be overdue at the moment of loan granting decision • The number of overdue days for the last 12 months (repaid and acting) must not exceed 30 calendar days.
Insurance 1. Insurance of pledged real estate within the loan balance amount, 2. Borrower’s/ co-borrowers’ insurance from accidents within the loan balance amount, 3. Insurance costs are paid by the borrower according to the tariffs of insurance companies, 4. “KAMURJ” UCO CJSC acts as a beneficiary.
List of necessary documents
Required documents in case of building Required documents in case of obtaining
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 the following address 8/01.
ATTENTION: The lender provides the information about the borrower’s obligations to the Credit Registry of the Central Bank of Armenia.
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. |