Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

BUSINESS LOAN GORTSARAR

From 3-50 million AMD

With 12.9% interest rate

Up to 84 months period from which

up to 24 months are grace period.

If you need money for

• replenishment of working capital
• capital investments

As well as for other similar purposes and You can pledge corresponding property, then “KAMURJ” UCO offers You business loan with following conditions:

Loan granting conditions

Indicators	limits
Borrowers**	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	3 - 50 million AMD
Loan maturity	For capital investments up to 84 months* For replenishment of working capital up to 36 months
Annual interest rate	12.9%
Annual actual interest rate	13.01% - 13.69%
Grace period (when only the loan interests are repaid)	For capital investments up to 24 months For replenishment of working capital up to 9 months
Loan disbursement fee	0%
Loan application review fee	0 AMD
Cash withdrawal fee	0.20%
Personal investment	At least 20% of the investment amount must be made of the borrower’s own funds
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Loan repayment form	Conventional (Interest is charged on the outstanding balance of the loan amount)
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Lending territory	Territory of RA
Loan Security	Real estate or moving property
Additional security	Guarantee for Legal entity and / or individual, pledge of moveable property and so on
Pledge Insurance	Is not mandatory The borrower covers the insurance expenses according to the tariffs of insurance companies
Loan / Collateral value ratio	a) In case of immovable property 60% of liquidation price b) In case of movable property and village equipments 50% of valuated price c) In case of movable property 40% of liquidation price
Maximum length of decision-making	Within 7 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 early repayment of the loan fines and penalties are not charged

The program is implemented in partnership with the Asian Development Bank

We especially encourage female entrepreneurs

Application rejection decision for Private Entrepreneurs and Legal Entities

Apllication rejection decision for Individuals

Not allowed objectives for Lending

Prohibited Investment Activities

Not allowed loans connected with Nature Protection according to Asian Development Bank’s handbook Part I, Part II

Penalty payment

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 necessary documents

For Legal Entities and Private Entrepreneurs

For Individuals

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.