Agricultural loans

Loan Calculator

Annuity Reducing

Microcredit “Express” with 10% interest rate, up to 10 months and in 10 minutes

400,000 - 2,000,000 AMD

With 10% interest rate, up to 10 months, in 10 minutes

Without a pledge



  If You need money

    for the development of micro and small business;


as well as for the repayment of creditor debt coming for that purpose and for other similar purposes, “KAMURJ” UCO CJSC offers You a loan with following conditions:

Loan granting conditions

Indicator             Conditions
Borrower (s) RA citizen (s) and RA resident individual (s)  (including individual entrepreneurs) in case of agricultural loans - Citizens of RA and RA resident individuals also
Age limitation Borrower's age at the moment of applying minimum 18, maximum 70
Sub-Categories  Without a guarantee  With 1 guarantor  With 2 guarantors


Loan amount

 400,000 AMD

 500,000 AMD if the Borrower has a quarterly registered salary in NORK system, at least 3 months 

 900,000 AMD,

 1,200,000_AMD_if_the_guarantor_is an individual entrepreneur or has a quarterly registered salary in NORK system, at least 3 months

 1,500,000 AMD

 2,000,000_AMD_ if_at least one of the guarantors is an individual entrepreneur or has a quarterly registered salary in NORK system, at least 3 months

Payment mode

Annuity (equal monthly payments)

Equal monthly payments on the loan amount

Other - customer cash flow matching  

 Lending territory Territory of RA
Loan repayment term

Up to 10 months  

Up to 24 months

Up to 36 months

Annual interest rate

• 10%

• 9.5% for current and repaid loan customers

• 14%

• 13.5% for current and repaid loan customers

• 16%

• 15.5% for current and repaid loan customers

Annual factual interest rate 22.47%-22.5% 27.73%-27.11% 29.67%-30.31% 

Loan repayment grace period

0-7 months

 0-18 months


0-24 months


Loan servicing monthly fee 0.9% of the balance of the calculated loan amount
Loan application review fee 0 AMD 
Early payment penalty

The borrower should pay accrued interests and penalties (if any) until the early payment date

Applicable penalties

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

Maximum length of decision- making

With the presentation of all the required documents: 10 minutes

Maximum length of  loan granting With the presentation of all the required documents: 2 hours


List of necessary documents 


1. Passport  or/and Identification card and Social security card, 

2. Application  form  (agreement of making a request from ACRA and NORK systems is included),

3. A document certifying entrepreneurial activity

    • Private Entity Certificate, Taxpayers’ Identification Number (TIN)

    • A reference which may be presented when getting the loan (may not be required in case of a current customer)

    • A reference from the village administration or any document proving agricultural property (may not be required in case of a current customer)


 Necessary requirements for Borrowers

 The sum of current and repaid loansof Customer should not exceed 45 schedule days in the last 12 days of the month, and 20schedule days over the last 3 months,

 During the last one month there should not be 5 and more times ''New loan application’’mark in Customer’s credit report,

• In ACRA credit report system credit risk class of Persons who are affiliated with the borrower is acceptable until the doubtful class,

 The customer (borrower/ one of the co-borrowers) must have a credit history.

Other Conditions

 When using the mentioned credit, the borrower must provide a phone number of 1 (one) non-affiliated person and not a guarantor, who will confirm the authenticity of the information provided by the Customer,

 Only one of the sub-types can be provided to the customer,

 Repaid loan customer is a person whose previously issued loan has been repaid during the previous 12 months,

 Persons affiliated with the borrower can not be the guarantor of the same loan and borrower.

 In case of granting a loan under the credit ‘Easy Loan in 19 minutes’ and ‘Express’ loan, this one is provided with an additional study. 


Actual annual interest rate 

ATTENTION: Actual annual interest rate shows how much the loan will cost to you after paying the interest rate and other payments in defined deadlines and amounts. You can find the calculation order of annual interest rate by pressing here 8/01


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. 

ATTENTION: The number of loan applications submitted by a Client may have a negative impact on his/her credit rating.

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.

Please note that this type of loan has a high annual interest rate. Therefore, consider other similar services available in the market in advance and evaluate your chances of repaying the loan.