5 - 60 million drams or 13,000 - 150,000 USD
Interest rate of 12% - 15%
A maturity period of 12 - 84 months
If you need money for
• developing agricultural economy
(Greenhouses, freezers, storehouses, cow house and etc.),
• developing soil and animal husbandry and for other similar purposes
then “KAMURJ” UCO CJSC offers you such kind of loan.
Loan granting terms
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INDICATORS
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LIMITS
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| Borrower (s) |
Citizens of the Republic of Armenia and residents of the Republic of Armenia (including individual entrepreneurs). Resident legal entities of Republic of Armenia
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| Age limitation |
18 - 70 years old
|
|
Loan amount
|
• 5,000,000 - 60,000,000 AMD
• 13,000 - 150,000 USD
|
|
Annual Interest rate of loan
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For AMD
• 15%
• 13% (agricultural cooperatives, mountainous regions and border areas of functioning)
For USD
• 12%
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|
Annual factual interest rate
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For AMD
• 15.97% - 18.65%
• 13.72% - 16.33%
For USD
• 12.72% - 15.33%
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|
Loan maturity
|
• 24 - 84 months (in case of capital investments)
• 12 - 24 months (in case of circulating funds)
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|
Grace period of loan repayment
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• Up to 18 months (capital investments)
• Up to 12 months (circulating capitals)
(only loan interest rate is repaid)
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Loan Repayment
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Conventional (Interest is charged on the outstanding balance of the loan amount)
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Loan monthly servicing fee
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Not specified
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Loan repayment
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Individual schedule
Fitted to the borrower’s requirements
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Loan Security
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Real estate or moving property
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Additional security
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Guarantee for Legal entity and/or individual, pledge of moveable property and so on
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Lending territory
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RA regions excluding Yerevan
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Applicable penalties
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Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
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Pledge Insurance
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Is not mandatory
The borrower covers the insurance expenses according to the tariffs of insurance companies
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Loan/ collateral value ratio
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In case of immovable property - 60% of liquidation price
In case of movable property and village equipments - 50% of valuated price
In case of movable property - 40% of liquidation price
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Maximum length of decision-making
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Within 10 days after presentation of all the required documents
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Maximum length of loan granting
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Аfter the state registration and submission of the pledge right: 2 working days
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|
In case of loan repayment no fines and penalties are charged
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List of required documents
• List of documents required from individual clients to obtain an agricultural loan
• List of documents required from legal entities or individual entrepreneurs to obtain an entrepreneurial/agricultural loan
Application Refusal
In case of loans disbursed in foreign currency, changes in the exchange rates may affect the repayment of loans.
ATTENTION: If you do not perform your whole liabilities within the 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
