Agricultural loans

Loan Calculator










Annuity Reducing

AGRO

3-60 million drams or Equal USD
Interest rate of 9-12%

From 2 to 7 term of years


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

INDICATORS

LIMITS

 Borrower (s)

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

The resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 18, maximum 60

Loan amount

3,000,000 - 60,000,000 AMD or 6,000 - 150,000 USD

Annual Interest rate of loan

AMD - 12%

AMD - 10% (agricultural cooperatives, mountainous regions and border areas of functioning)

USD - 9%

Annual factual interest rate

9.73% -13.05%

Loan maturity

2 - 7 years  (in case of capital investments)
Up to 2 years (in case of circulating funds)

Grace period of loan repayment

 

18 months (capital investments)
12 months (circulating capitals)

(only loan interest rate is repaid)

Loan Repayment

conventional (Interest is charged on the outstanding balance of the loan amount)

Loan monthly servicing fee

0%

Loan application review fee

For an Individual - 5,000 AMD,

For a Legal Entity and an  Individual Entrepreneur:

7,000 AMD  /In case of up to 10 million AMD or equivalent foreign currency/

15,000  AMD /In case of over 10 million AMD or equivalent in foreign currency/

Loan repayment

Individual schedule

Fitted to the borrower’s requirements 

Loan commission fee

1%

Loan Security

Real estate or moving property

Additional security

Guarantee for Legal entity and / or individual, pledge of moveable property and so on

Lending territory

RA regions excluding Yerevan

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Pledge Insurance

 Is not mandatory

The borrower covers the insurance expenses according to the tariffs of insurance companies

Loan/ collateral value ratio

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

Maximum length of decision-making

Within 10 days after presentation of all the required documents

Maximum length of  loan granting

Аfter the state registration and submission of the pledge right: 2 working days

In case of loan repayment no fines and penalties are charged. 

 

Application Refusal
 

Fines and penalties

 

If the borrower does not perform his loan repayment liabilities in time, or does it partially  (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,2 percent of the overdue amount will be calculated for each day as a penalty.

If the borrower does not perform his loan interest rate payment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,3 percent of the overdue interest amount will be calculated for each day as a penalty.


List of required documents 


Legal and entrepreneur entities  

For individuals


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 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.