Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

STABLE GROWTH

1,500,000 - 5,000,000 AMD, or 500 - 13,000 USD

3 - 60 months

Starting from a 12% interest rate

No collateral required
No monthly service fees
No loan disbursement fees

If you need money for

• establishing and developing an agricultural or farm economy,

• developing soil and animal husbandry

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

Loan granting terms

INDICATORS	Conditions
Borrower (s)	Citizens of the Republic of Armenia and RA resident individual entrepreneurs, RA resident legal entities; in the case of agricultural loans, also citizens of the Republic of Armenia and RA resident individuals
Age limitation	18 - 70 years old
Loan Amount	• 1,500,000 - 5,000,000 AMD • 500 - 13,000 USD
Loan annual interest rate	AMD • 15% • 13% (According to the list of border communities, established by the N30-N 15/01/2015 approval of RA Government) USD • 12%
Annual factual interest rate	In the case of AMD • 16.03% - 16.09% • 13.76% - 13.81% In the case of USD • 12.64% - 12.68%
Loan Maturity	• 3 - 24 months for replenishment of working capital • 3 - 60 months for capital investments
Loan grace period	Up to 18 months
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Loan application review fee	Not specified
Loan monthly servicing fee	Not specified
Lending territory	In the whole territories of the Republic of Armenia, excluding Yerevan
Loan 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
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 amounts stipulated in the 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 the presentation of all the required documents
Maximum length of loan granting	Within a day after the presentation of all the needed documents

Financing is provided by the cooperation of the Ministry of Finance and the “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.

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 on positive and negative decisions of loan disbursement

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

Loan Registration place

At the branches of "KAMURJ" UCO.

Fixed annual interest

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