1,500,000 - 5,000,000 drams or up to 13,000 USD
With a 12% interest rate
12 -120 months
If you need money for
• establishment or modernization of 0.3-3 ha of grape, apple, apricot, peach, plum, walnut and pear orchards
as well as for other similar purposes, then "KAMURJ" UCO, CJSC offers you a loan under the following conditions:
Loan granting terms
Valid until 31.12.2027
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INDICATORS
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LIMITS
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| Borrower (s) |
Citizens and residents of the Republic of Armenia (including individual entrepreneurs), resident legal entities of the Republic of Armenia
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| Age limitation |
18 - 70 years old
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Loan amount
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• 1,500,000 - 5,000,000 AMD
• Up to 13,000 USD
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Annual Interest rate of loan
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12%
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Annual real interest rate
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12.68% - 12.70% |
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Loan maturity
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In case of replenishment of working capital
Peach tree - 12 - 48 months
Grapevine - 12 - 60 months
Apricot tree - 12 - 60 months
Plum tree - 12 -72 months
Apple tree - 12 - 84 months
Pear tree - 12 - 84 months
Walnut tree - 12 - 96 months
In case of capital investments
Peach tree - 12 - 72 months
Grapevine - 12 - 84 months
Apricot tree - 12 - 84 months
Plum tree - 12 - 96 months
Apple tree - 12 - 108 months
Pear tree - 12 - 108 months
Walnut tree - 12 - 120 months
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Grace period of loan repayment
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Peach tree - 12 - 36 months
Grapevine - 12 - 48 months
Apricot tree - 12 - 48 months
Plum tree - 12 - 60 months
Apple tree - 12 - 72 months
Pear tree - 12 - 72 months
Walnut tree - 12 - 84 months
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Loan Repayment
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• Annuity (equal monthly payments)
• Equal monthly payments on the loan amount
• Other, adjusted to the client's cash flow
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Loan monthly servicing fee
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Not specified
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Own investment
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At least 20% of the investment project amount must be done with the borrower's own funds
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| Applicable penalties |
Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days) |
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Lending territory
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RA regions excluding Yerevan
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Loan Security
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Guarantee of 1 or 2 individuals.
Loans up to 2,000,000 AMD or 5,000 US dollars may be provided under the guarantee of 1 family member
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Maximum length of decision-making
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Within 7 days after the presentation of all the required documents
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Maximum length of loan granting
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Within a day after the presentation of all the needed documents
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In case of early loan repayment, no fines and penalties are charged
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In the case of loans disbursed in foreign currency, changes in the exchange rates may affect the repayment of loans.
List of necessary 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
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
