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.