Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

Agro AVAILABLE MICROloan

From 1,500,000 to 4,000,000 AMD

Interest rate - 12,5%

Loan term 8 - 60 months from which

up to 27 months are grace period

If you need money for

• agricultural business development

and for other similar purposes, “KAMURJ” UCO CJSC offers you this.

Loan providing conditions

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 70
Loan Amount	1,500,000 - 4,000,000 AMD
Annual interest rate	12,5%
Annual factual interest rate	12.86% - 13.24%
Loan Maturity	8 - 24 months for replenishment of working capital 24 - 60 months for capital investments or combination*
Grace period of loan repayment	3 - 27 months
Loan commission	0%
Monthly servicing fee	0%
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Lending territory	in the whole territories of the Republic of Armenia
Loan safety**	Guarantee of 2 individuals
Preterm repayment conditions	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

* At least 70% of the loan amount should be directed to capital investments, unless something else is not defined by the refinancing company. Otherwise, the loan is going to be considered as a loan provided for the replenishment of working capital.

** Borrower’s family members are not considered as loan repayment guarantors.

The loan granting is financed by KFW.

List of necessary documents

• Passport issued by the Republic of Armenia

Loan Registration place

The Head office and all the branches of “KAMURJ” UCO CJSC

Positive and negative decision factors on loan granting.

Almost all loans up to 3 million AMD or up to 6,000 USD, in about 40 border communities of Tavush, Vayots Dzor, Gegharkunik and Ararat regions of Armenia, are provided with the following privileges:

• Without charging granting fees

• Without charging loan servicing monthly fees

• At reduced interest rate

According to the list of border communities

approved by RA Government decision N30-N 15/01/2015

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.