5 - 70 million drams or 13,000 - 150,000 USD
With a 12% interest rate
Maturity period up to 10 years
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 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 - 60 years old
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Loan amount
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• 5,000,000 - 70,000,000 AMD
• 13,000 - 150,000 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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12.52% - 12.68% |
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Loan maturity
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In case of replenishment of working capital
Peach tree - up to 4 years
Grapevine - up to 5 years
Apricot tree - up to 5 years
Plum tree - up to 6 years
Apple tree - up to 7 years
Pear tree - up to 7 years
Walnut tree - up to 8 years
In case of capital investments
Peach tree - up to 6 years
Grapevine - up to 7 years
Apricot tree - up to 7 years
Plum tree - up to 8 years
Apple tree - up to 9 years
Pear tree - up to 9 years
Walnut tree - up to 10 years
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Grace period of loan repayment
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Peach tree - up to 3 years
Grapevine - up to 4 years
Apricot tree - up to 4 years
Plum tree - up to 5 years
Apple tree - up to 6 years
Pear tree - up to 6 years
Walnut tree - up to 7 years
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Loan Repayment
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• Annuity (equal monthly payments)
• Equal monthly payments of 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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A minimum of 20% of the loan amount, moreover, own investments can be made both at the expense of cash funds, as well as, at the expense of necessary fixed and working capital for the establishment and technological modernization of the garden
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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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Loan Security
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Real estate or moveable property
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Additional security
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Guarantee of legal entities and/or an individual, pledge of a real estate or a moveable property
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Lending territory
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RA regions excluding Yerevan
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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 market price
• In case of movable property and village equipments - 50% of market price
• In case of movable property - 40% of market 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 early loan repayment no fines and penalties are charged
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List of required documents
Legal and entrepreneur entities
For individuals
In the 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
