Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

Entrepreneurial/agricultural MICROcredit

Up to 5,000,000 AMD or up to 13,000 USD

Starting from 14% interest rate

With 60 months

Up to 45 months grace period

Without a pledge

If You need money for:

• Development of Business,

• Agriculture,

• Accomplishment of creditor debt, as a consequence of the business activities

as well as for other similar purposes, "KAMURJ" UCO CJSC offers you a loan with the following conditions:

Loan granting conditions

INDICATOR	LIMITS
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
Loan amount	• Up to 5,000,000 AMD • Up to 13,000 USD
Annual interest rate	• 20% in the case of AMD • 14% in the case of USD
Annual factual interest rate	In case of AMD - 24.83% In case of USD - 16.29%
Loan maturity	With 60 months
Grace period of loan repayment	Up to 45 months
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Monthly loan service fee	In the case of AMD: 0.2% of the remaining loan amount In the case of USD: 0.1% of the remaining loan amount
Loan application review fee	Not specified
Lending territory	Territory of RA
Basic security	Guarantee of 1 or 2 individuals Loans up to 2,000,000 AMD or 5,000 US dollars may be provided under the guarantee of 1 family member
Early payment penalty	The borrower should pay accrued interest 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 term of loan approval	Within 7 days after the presentation of all the required documents
Maximum length of loan granting	Within a day after the presentation of all the needed documents

List of necessary documents

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

Factors influencing loan granting approval or rejection decisions.

Representative example of the interest rate calculation

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.

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