Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

Loan Calculator

Subsidized loan for the development of cattle breeding

4 - 300 million AMD

0% interest rate

Up to 60 months-term from which

Up to 12 months - grace period

If You need money

• for Small and Medium Rural Business Development

• for aquisition of calves and 14-17 months old female young cows

as well as for other similar purposes and you can pledge immovable and movable property, then Kamurj UCO CJSC offers you a subsidized agricultural loan with the following conditions:

Loan granting conditions

Indicators	limits
Borrowers	RA citizen 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	4 - 300 million AMD
Loan maturity	Up to 60 months
Annual interest rate	14% The interest rate subsidy will be implemented in such a quantity that the loan will be provided to the borrower. • 3% interest rate for purchasing imported pedigree bovine animals • 2% interest rate for purchasing pedigree bovine animals grown in the Republic of Armenia • 0% interest rate to the economic entities of the border communities included in the list approved by the decision N 1444-N of December 18, 2014 of the RA Government, or to the cooperatives operating in the field of agriculture
Annual factual interest rate	0%-14.91%
Grace period for loan payment	Up to 12 months (when only interest and service charges are repaid)
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
Provision mode	Non-cash
Lending territory	Territory of RA
Basic Security	Immovable and movable property
Loan / Collateral value ratio	a) In case of immovable property, up to 60% of liquidation price b) In case of movable property and village equipments, up to 50% of liquidation price c) 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.

The project is implemented in cooperation with the Ministry of Agriculture, the GFK and the Company, with a trilateral agreement approved by the cooperation of subsidized agricultural loans.

List of necessary documents

A certificate issued by the Agricultural Development Foundation.

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.