Loan Calculator

Annuity Reducing

JERM OJAKH micro credit

300,000- 3,000,000 AMD

With 13% interest rate

With the term of 5-10 years

Without service fee

Without pledge

Possibility of receiving grant up to 5% of loan contractual amount 


If you need money for your residential real estate


then “KAMURJ” UCO offers you unpledged loan.  


Loan granting conditions 



Borrower (s)

RA citizen (s) and RA resident individual (s)

Age limitation 

Borrower’s age at the moment of applying minimum 18, maximum 70

The program provides a single crediting opportunity

Loan amount

300,000 AMD  – 3,000,000 AMD

Annual Interest rate


Annual actual interest rate

14.09% -14.31%

Loan repayment  

5-10 years

Grace period of loan amount

Minimum  6 months

Maximum  12 months

(only the interest rate is paid )

Disbursement fee

Lump Sum 1% of loan amount,

Repayment mode

 Annuity (equal monthly payments)
 Equal monthly payments of the loan amount

Monthly service fee

Free of charge

Loan application review fee

Free of charge

Cash withdrawal fee

Free of charge

Lending territory

All the territories of RA excluding administrative district Kentron of Yerevan city   

Loan security

Guarantee of 1 or 2 individuals depending on the loan amount


Not necessary

Prepayment fine

The borrower is obliged to pay until the prepayment day the calculated interests, which cannot be less than the first eight interest amount stipulated in schedule as well as 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 presentation of all the required documents

Maximum length of loan granting

Within a day after presentation of all the required documents


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

The EA Assessment Tool is available online at


List of necessary documents


Required documents


Օther conditions

 If more than 40% of the credit funds are directed to buying energy-efficient materials and products, then the UFPC (Unit for financing of the programmatic credits)  provides a grant of 5% of the contractual loan amount, which is used to repay or reduce the loan amount.  

At the same time, no more than 20% of the contractual amount of the loan can be used for the purchase of EE equipment.



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


For 30 boarding communities of Tavush and Vayots Dzor regions almost all types of loans up to 4 million AMD or up to 10.000 USD are provided with the following privileges: 


   Without loan granting fee 
  • Without commission fee 


 Annual interest rates of all types of loan have been reduced to 18%. Only the annual interest rate of the individual loan for real estate renovation is reduced to 16%.    

The list of board communities of RA who have privileges


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. 

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.