Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Consumer loans

Loan Calculator

Car Loan for the Secondary Market

1 - 5 million AMD

48 - 120 months term

18% Interest rate

Including a 6-month grace period

If you need money

• to purchase a car,

then, “Kamurj” UCO CJSC offers a Car Loan for the Secondary Market under the following terms:

Loan Disbursement Conditions

Indicators	Limits
Loan Purpose	Purchase or pledge of a vehicle
Loan Term	48 - 120 months
Grace Period	Up to 6 months
Repayment Method	Annuity (equal monthly payments)
Loan Amount	1,000,000 - 5,000,000 AMD
Annual Interest Rate	18%
Effective Annual Percentage Rate	21.9% - 105%
Collateral	Vehicle
Down Payment	Not required
Maximum Loan-to-Collateral Ratio	120% of the appraised market value of the pledged vehicle
Maximum Loan Approval Period	Within 1 business day upon submission of the complete package
Maximum Loan Disbursement Period	Within 1 business day upon submission of the complete package
Disbursement Fee	One-time fee of 1.5% of the contractual loan amount
Monthly Service Fee	3.5% - for vehicles aged 16 - 20 years 3.0% - for vehicles aged 11 - 15 years 2.5% - for vehicles aged 6 - 10 years 2.0% - for vehicles aged 1- 5 years 0.1% - for vehicles up to 1 year old

Required documents

• Application Form

• Consent for Credit Inquiry

• Identification Document (borrower, guarantor)

• Documents of the Vehicle to be Purchased

• Preliminary Vehicle Valuation (expedited procedure)

• Documents Required for Transaction Validation

• Customer’s / Seller’s Bank Account

Other Conditions

• Insurance is not required

• Maximum vehicle age: 20 years

ATTENTION: The 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 the annual interest rate by pressing here 8/01

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.

ATTENTION: The number of loan applications submitted by a Client may have a negative impact on his/her credit rating.

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