Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

SUBSIDIZED Loan

4 - 15 million AMD

0% interest rate

Up to 36 months-term from which

Up to 6 months are grace period

If You need money for small and medium rural business development, You are registered and engaged in agricultural activities in the following target areas:

• a) Acquisition of mother bees, bee colonies, as well as beehives

• b) Construction of livestock buildings and technological support

• c) Acquisition of farm animals (Clause 18 of Article 3 of the RA Law on Veterinary Medicine)

• d) Acquisition of fodder

• e) Acquisition of seeds, seedlings and plants

• f) Acquisition of agricultural land

• g) Acquisition of working capital (except for the resources specified in subparagraph (e) of this paragraph) and services

necessary for land, cultivation of agricultural crops, implementation of agro-technical measures

• h) Insertion of modern irrigation systems in the ground plots near the house.

• I) Construction and reconstruction of buildings and structures of industrial significance in the field of agro-processing

then “KAMURJ” UCO CJSC offers You a subsidized agricultural loan with the following conditions:

Loan granting conditions

Indicators	limits
Borrowers	Businessmen of RA
Age limitation	Borrower's age at the moment of applying minimum 18, maximum 70
Loan amount	4 - 15 million AMD
Loan maturity	Up to 36 months-term
Grace period for loan payment	Up to 6 months (when only interest and service charges are repaid)
Annual interest rate	14% The interest rate of loans will be subsidized in such an amount so that to provide it to the economic entities: • 0% interest rate for border communities receiving social assistance, approved by the decision N 1444-N of December 18, 2014; • 5% interest rate for other communities of the Republic • 3% interest rate for agricultural cooperatives
Annual factual interest rate	0% - 14.91%
Granting fee	Free of charge
Loan application review fee	Free of charge
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Lending territory	Territory of RA, except Yerevan city
Basic Security	Immovable and movable property
Loan / Collateral value ratio	• In case of immovable property, up to 60% of liquidation price • In case of movable property and village equipments, up to 50% of liquidation price • In case of movable property, up to 40% of liquidation price
Additional Security	Guarantee of Legal entity and / or individual, pledge of other immovable or moveable property
Pledge Insurance	Insurance is made as needed The borrower covers the insurance expenses according to the tariffs of insurance companies
Maximum term of loan approval	Within 10 days after presentation of all the required documents
Maximum length of loan granting	Аfter the state registration and submission of the pledge right: 2 working days

In case of early repayment of the loan fines and penalties are not charged.

List of necessary documents

For Legal Entities and Private Entrepreneurs

For Individuals

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.