Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Mortgage / RENOVATION LOANS

Loan Calculator

RENOVATED HOUSE micro credit

300,000 - 5,000,000 AMD

With 14% interest rate

With the term of 5 - 10 years

Without service fee

Without pledge

If you need money for your residential real estate

• renovation
• improvement

then “KAMURJ” UCO offers you an unpledged loan.

Loan granting conditions

INDICATOR	CONDITIONS
Borrower (s)	Citizens and residents of the Republic of Armenia
Age limitation	18 - 70 years old
Loan amount	300,000 - 5,000,000 AMD
Annual Interest rate	14%
Annual actual interest rate	14.93%
Loan repayment	5 - 10 years
Repayment mode	• Annuity (equal monthly payments) • Equal monthly payments of the loan amount
Monthly service fee	Not specified
Loan application review fee	Not specified
Lending territory	RA
Loan security	Guarantee of 1 or 2 individuals Loans up to 2,000,000 AMD or 5,000 US dollars may be provided under the guarantee of 1 family member
Insurance	Not necessary
Prepayment fine	The borrower is obliged to pay the calculated interests until the prepayment day, which cannot be less than the first eight interest amounts stipulated in the schedule and penalty fees (if they exist).
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Maximum term of loan approval	Within 7 days after the presentation of all the required documents
Maximum length of loan granting	Within a day after the presentation of all the needed documents

The program is implemented by the “National Mortgage Company” UCO CJSC funding.

The EA Assessment Tool is available online at http://www.jermojakh.com/en

List of necessary documents

List of documents required to obtain a loan for real estate renovation/improvement

Required documents

Օther conditions

• Co-borrower (and/or owner) can be only family members: father, mother, husband, husband's parents, grandparents, sister, brother, children, sister’s husband, brother's wife and their children.

Aactual annual interest rate

ATTENTION: Actual annual interest 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 interest rate by pressing here 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.

Prices of additional services