Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

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

400,000 - 3,000,000 AMD

Starting at 5% interest rate, for a period of 10 months, in 10 minutes

Without a pledge

If You need money

• for the development of micro and small business;

• agriculture

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)	Citizens of RA and RA resident individual entrepreneurs, RA resident legal entities, in case of agricultural loans: also citizens of RA and RA resident individuals
Age limitation	18 - 70 years old
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 the EKENG SRC system, for at least 3 months • 1,000 USD	• 900,000 AMD, • 1,200,000_AMD_if_the_guarantor_is an individual entrepreneur or has a quarterly registered salary in the EKENG SRC* system,* for at least 3 months • 3,000 USD	• 2,000,000 AMD • 3,000,000_AMD_ if_at_least_one of the guarantors is an individual entrepreneur or has a quarterly registered salary in the EKENG SRC* system,* for at least 3 months • 7,000 USD
Loan servicing monthly fee of the balance of the calculated loan amount	2.2%	1.1%
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 36 months	Up to 48 months
Annual interest rate	In the case of AMD • 10% In the case of USD • 5%	In the case of AMD • 14% In the case of USD • 10%	In the case of AMD • 16% In the case of USD • 12%
Annual factual interest rate	In the case of AMD • 70.57% In the case of USD • 63.32%	In the case of AMD • 41.06% In the case of USD • 36.45%	In the case of AMD • 42.03% In the case of USD • 37.48%
Loan repayment grace period	up to 7 months	up to 27 months	up to 36 months
Loan application review fee	Not specified
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

• 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

Factors influencing on loan granting approval or rejection decisions

Requirements for Borrowers

• The total number of overdue days for the Borrower’s and guarantors’ active and closed loans must not exceed 60 days in the last 12 months and 10 days in the last 3 months.

• The client’s ACAR credit report must not show 5 or more “New Credit Applications” within the last month. Multiple “New Credit Application” inquiries made on the same day are considered as a single inquiry, regardless of the bank, number of inquiries, or type.

• In the Borrower’s ACAR credit report, the credit risk class of the client’s connected persons must be acceptable up to and including the monitored class.

• The Borrower or guarantor must have an established credit history.

Other Conditions

• When using this type of loan, the Borrower must provide the phone number of one (1) unrelated person, who is not a guarantor of the loan, to verify the accuracy of the information provided by the client. The credit officer conducts this verification on-site using the provided phone number.

• The decision on granting the loan is made without the involvement of the Risk Management Unit.

• Neither the client nor their connected persons may be granted more than one parallel loan from the specified subtypes.

• If a client is eligible for a loan under the “EASY LOAN – 19 minutes” product, the loan will be granted subject to additional review.

Actual annual interest rate

ATTENTION: The 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 the annual interest rate by pressing here 8/01

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.

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

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