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
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INDICATORS
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LIMITS
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| Borrower (s) |
RA citizen (s) and RA resident individual (s) (individual entrepreneurs)
The resident legal entities
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| Age limitation |
Borrower's age at the moment of applying minimum 18, maximum 60
|
|
Loan amount
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3,000,000 - 60,000,000 AMD or 6,000 - 150,000 USD
|
|
Annual Interest rate of loan
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AMD - 12%
AMD - 10% (agricultural cooperatives, mountainous regions and border areas of functioning)
USD - 9%
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Annual factual interest rate
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9.73% -13.05% |
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Loan maturity
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2 - 7 years (in case of capital investments)
Up to 2 years (in case of circulating funds)
|
|
Grace period of loan repayment
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18 months (capital investments)
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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0%
|
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Loan application review fee
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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/
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Loan repayment
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Individual schedule
Fitted to the borrower’s requirements
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Loan commission fee
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1%
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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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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.
