Agricultural loans

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Annuity Reducing

BUSINESS/ AGRICULTURAL LOAN WITH USD/AMD

From 6,000 to 150,000 USD or 3,000,000-70,000,000 AMD

Started from 12% interest rate

36 - 72 months’ term within which up to 18 months are grace period

 

If you need money
 

      develop your business
      replenishment of working capital
      capital investments  
 

as well as for other similar purposes and you can pledge equal property then “KAMURJ” UCO offer you business loan with following conditions  


Loan granting conditions 

Indicators

limits

Borrower (s)

RA citizen and RA resident physical (as well as private entrepreneur), RA resident legal entities

Age limitation

Borrower's age at the moment of applying minimum 20, maximum 70

Loan amount 

6,000 - 150,000 USD

3,000,000 - 70,000,000 AMD

Loan currency       

USD, AMD

Լoan repayment term     

 For capital investments:*

In case of USD  36-72 months 

In case of AMD – 36-60 months

 

For replenishment of working capital:

 In case of USD   36 months

In case of AMD –  36 months

Annual loan interest rate

For capital investments:*

In case of USD  from 12% up to 14%

In case of AMD – from 15% up to 17%

 

For replenishment of working capital:

In case of USD  from 13% up to 15%

In case of AMD  from 16% up to 18%

Annual factual interest rate

In case of USD – 12.68%-16.08%

In case of AMD – 16.08%-19.56%

Grace period (only interests are paid)

For capital investments:

In case of USD  up to  18 months,

In case of AMD – up to 12 months


For replenishment of working capital:

In case of USD  up to 3 months,

In case of AMD  up to 3 months

Disbursement fee         

1.5% lump sum from the loan amount

Minimum 45,000 AMD 

Maximum 400,000 AMD

Loan application review fee

7,000 AMD  in case of 10,000,000 AMD loans (equivalent currency)

15,000 AMD in case of 10,000,000 AMD and more loans (equivalent currency)

Payment mode

Conventional (percentages are calculated on the outstanding balance of the loan amount)

Lending territory              

RA territories 

Payment mode

Annuity (equal monthly payments)

Equal monthly payments on the loan amount 

Other - customer cash flow matching

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Loan Security

Real estate or moving property

Loan / Collateral value ratio

 In case of immovable property -  up to 60% of liquid value

 In case of movable property and village equipments -  up to 50% of liquid value

 In case of movable property -  up to 40% of liquid value

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

Maximum length of decision-making

Within 10 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 loan repayment no fines and penalties are levied

*In case of capital investments the replenishment of working assets based on credits should not exceed 40% of disbursing loan principal.       

 

Application refusal

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 and Entrepreneur entities


Fluctuation of foreign currency exchange rates can influence on the repayments of the loan.



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.