Loan Calculator

Annuity Reducing

Entrepreneurial/agricultural MICROcredit

Up to 3,000,000 AMD or up to 6,000 $ 

Starting from 14% interest rate

With 48 months

Up to 36 months grace period

Without a pledge


If You need money for:

      Development of Business,


      Accomplishment of creditor debt, as a consequence of the business activities


as well as for other similar purposes, "KAMURJ" UCO CJSC offers you a loan with the following conditions:

Loan granting conditions

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 3,000,000 AMD or up to 6,000 USD 
Annual interest rate 

12% for US dollar

17% in case of AMD
Annual factual interest rate

In case of USD - 14.51%

In case of AMD - 20.39%

Loan maturity

With 48 months

Grace period of loan repayment

Up to 36 months

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


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.

Credits up to 2,000$ can be provided on a single-person basis.

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



List of necessary documents 

 RA passport, Private Entity Certificate, Taxpayers’ 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. 

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.

ՀՀ քաղաքացի և ՀՀ ռեզիդենտ անհատ ձեռնարկատերեր, ՀՀ ռեզիդենտ իրավաբանական անձինք, գյուղատնտեսական վարկերի դեպքում` նաև ՀՀ քաղաքացի և ՀՀ ռեզիդենտ ֆիզիկական անձինք