Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

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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.