Agricultural loans

Loan Calculator










Annuity Reducing

STABLE GROWTH

1,500,000 -  3,000,000 AMD, or up to 6,000 USD dollar

Maturity period of up to 48 months

Starting from 10% interest rate


 

If you need money for

 

      establishing and developing agricultural or farm economy,  

      developing soil and animal husbandries

 

and for other similar purposes then “KAMURJ” UCO provides you loans with following conditions 

 

Loan granting terms

INDICATORS Conditions
Borrower (s)

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 1,500,000 -  3,000,000 AMD
Up to  6,000 USD
Loan annual interest rate   13-15%  Dram /AMD/ loans  (11% According to the list of border communities, established by the N30-N 15/01/2015 approval of RA Government)
  10%  Dollar /USD/ loans
Annual factual interest rate 10.17%-16.06%
Loan Maturity

Up to 24 months for replenishment of working capital

Up to 48 months for capital investments

Loan grace period Until 18 months
Payment mode

 Annuity (equal monthly payments)

• Equal monthly payments on the loan amount

 Other - customer cash flow matching  

Loan disbursement fee 0%
Loan application review fee Free of charge
Loan monthly servicing fee 0%
Lending territory In the whole territories of the Republic of Armenia excluding Yerevan
Loan security

Guarantee of 1 or 2 individuals

Up to 2,000 USD loans-with 1 person’s guarantee

Persons related to the borrower can not be the guarantor to the same loan for repayment

Preterm repayment conditions The borrower is obliged to pay until the prepayment day the calculated interests, which cannot be less than the first eight interest amount stipulated in schedule as well as penalty fees (if they exist). 
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 presentation of all the required documents

Maximum length of loan granting   

Within a day after presentation of all the required documents

 
Financing is provided by the cooperation of Ministry of Finance and “Rural Financial Facility – Project Implementation Unit” State Institution (RFF-PIU SI).

*In case of capital investments- replenishment of working capital funds shall not exceed 20% of the loan amount.

*If a borrower's income is at risk, or there is a negative/neutral credit history, but if the risks are weighed by the company and made a positive decision on the loan, interest rate can beset up to 2 (two) percentage points higher.


 

List of necessary documents

 

     •  Customer identification document (passport issued by the Republic of Armenia) 

  

 In case of loans disbursed in foreign currency, changes in the exchange rates may affect the repayment of loans

 


Loan Registration place

 

The Head office and all the branches of “KAMURJ” UCO CJSC


Factors on positive and negative decisions of loan disbursement


Fixed annual interest
 

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


 

Almost all loans up to 3 million AMD or up to 6,000 USD, in about 40 border communities of Tavush, Vayots Dzor, Gegharkunik and Ararat regions of Armenia, are provided with the following privileges:


    Without charging granting fees

    Without charging loan servicing monthly fees

    At reduced interest rate

 

According to the list of border communities

approved by RA Government decision N30-N 15/01/2015 



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.