13,000 - 170,000 USD or 5,000,000 - 70,000,000 AMD
Started from 14% interest rate
24 - 96 months’ term, within which up to 18 months are a grace period
If you need money
• develop your business
• replenishment of working capital
• capital investments
as well as for other similar purposes and you can pledge equal property then “KAMURJ” UCO offer you business loan with following conditions
Loan granting conditions
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Indicators
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limits
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Borrower (s)
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Citizens of RA and RA resident individual entrepreneurs, RA resident legal entities, in case of agricultural loans: also citizens of RA and RA resident individuals
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Age limitation
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18 - 70 years old
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Loan amount
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• 13,000 - 170,000 USD
• 5,000,000 - 70,000,000 AMD
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Loan currency
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USD, AMD
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Լoan repayment term
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For capital investments*
• 36 - 96 months
For replenishment of working capital
• 24 - 48 months
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Annual loan interest rate
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For capital investments
• In case of USD - 14%
• In case of AMD - 19%
For Working Capital Replenishment
• In case of USD - 15%
• In case of AMD - 20%
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Annual factual interest rate
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For Capital Investments
• 15.05% – 16.21% for USD-denominated loans
• 20.88% – 22.13% for AMD-denominated loans
For Working Capital Replenishment
• 16.21% – 17.96% for USD-denominated loans
• 22.09% – 23.96% for AMD-denominated loans
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Grace period (only interests are paid)
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For Capital Investments
• Up to 18 months
For Working Capital Replenishment
• Up to 12 months
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Payment mode
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Conventional (percentages are calculated on the outstanding balance of the loan amount)
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Lending territory
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RA territories
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| Payment mode |
• Annuity (equal monthly payments)
• Equal monthly payments on the loan amount
• Other - customer cash flow matching
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Applicable penalties
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Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
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Loan Security
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Real estate or moving property
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Loan / Collateral value ratio
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• In case of immovable property - up to 60% of market value
• In case of movable property and village equipments - up to 50% of market value
• In case of movable property - up to 40% of market value
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Additional security
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Guarantee for a Legal entity and/or individual, pledge of moveable property and so on
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Pledge Insurance
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Is not mandatory
The borrower covers the insurance expenses according to the tariffs of insurance companies
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Maximum length of decision-making
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Within 10 days after presentation of all the required documents
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Maximum length of loan granting
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Аfter the state registration and submission of the pledge right: 2 working days
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In case of loan repayment no fines and penalties are levied
*In case of capital investments the replenishment of working assets based on credits should not exceed 40% of disbursing loan principal.
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
Application refusal
Fluctuation of foreign currency exchange rates can influence on the repayments of the loan.
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
