Up to 4,000,000 AMD
Starting from 12.5% interest rate
With 60 month's period
Up to 30 months grace period
Without a pledge
If You need money for:
• Micro and small business development
• Replenishment of working capital
• Capital investment or combination
as well as for other similar purposes, then “KAMURJ” UCO CJSC offers you a subsidized business loan with the following conditions:
Loan granting conditions
| INDICATOR |
LIMITS |
| Borrower (s) |
RA citizen (s) and RA resident individual (s) (individual entrepreneurs)
The resident legal entities, In case of agricultural loans, also RA citizens and RA resident individuals
|
| Age limitation |
Borrower's age at the moment of applying must be 18-70 |
| Loan amount |
Up to 4,000,000 AMD |
| Annual interest rate |
12.5% - 14.4% for business loans
14.4% for agricultural loans
|
| Annual factual interest rate |
12.59% - 15.38%
|
| Loan repayment term |
Up to 60 months - In case of capital investments or combination*
Up to 36 months - In case of replenishment of working capital
|
| Grace period for loan payment (when only interest and service charges are repaid) |
3 - 30 months - In case of capital investments or combination*
3 - 15 months - In case of replenishment of working capital
|
| Payment mode |
• Annuity (equal monthly payments)
• Equal monthly payments on the loan amount
• Other - customer cash flow matching
|
| Payment mode |
• For business and agricultural purposes up to 6 months in the case of monthly (annuity) payments, in addition, with no more than 3 months in each 12-month period,
• In case of agricultural purpose and individual schedule (interests are calculated against the loan amount balance) maximum 27 months, in addition, every 12 month period at least 3 repayments of the loan should be done.
|
| Granting fee |
0%
|
| Loan servicing monthly fee |
Free of charge |
| Loan application review fee |
Free of charge |
| Lending territory |
Territory of RA |
| Basic security |
Guarantees of at least 2 individuals.
Persons who are affiliated with borrower can not be guarantees for the same borrower and loan.
|
| Early payment penalty |
The borrower should pay accrued interests 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 presentation of all the required documents |
| Maximum length of loan granting |
Within a day after presentation of all the required documents |
You can repay the loan early without paying any fine and penalty.
The lending is implemented by the help of German-Armenian Fund (KfW).
* At least 70% of the loan amount should be directed to capital investments, if nothing else is defined by the refinancing company, otherwise, the loan will be considered as a loan provided for the purpose of replenishing working capital.
List of necessary documents
• Passport or/and Identification card and Social security card
• Private Entity Certificate
• Taxpayer's Identification Number (TIN)
Actual annual interest rate
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.
