Consumer loans

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Annuity Reducing

Easy Loan in 19 minutes

Just 450,000-1,300,000 AMD for 2 persons

Just 800,000-1,500,000 AMD for 3 persons

Up to 36 month term

Without a pledge

 

If You urgently need money

      

      to meet consumer needs,


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

 

Loan granting conditions

Indicator Conditions 
Borrower (s)/Co-borrower (s)¹ RA citizen (s) and RA resident individual (s) 
Age limitation 18-70    
Loan repayment term

With 36 month term

Grace period for loan payment

Up to 3 months (when only interest and service charges are repaid)

Loans² Easy_Loan for_2_persons

Easy_Loan_for_3_persons

Current customer  Repaid_Loan customer

Annual interest_rate

   18.8%     16.8%    17.8%  

Annual factual interest rate

27.82%- 32.72%  
Granting fee   2.8%
Loan servicing monthly fee

0.3% minimum 1,800 AMD

0.3% minimum 1,000 AMD

Loan application review fee

 500 AMD

 500 AMD

AMD

Loan amount

450,000 AMD

800,000 

AMD

400,000 AMD 

 

Loan amount (If  at least one of the customers has a registered wage of minimum 3 months in the NORK system and is an employee  of  VERSION 1*)  500,000 AMD  900,000 AMD 450,000 AMD 
Loan amount (If at least one of the customers has a registered 170,000 AMD gross salary of minimum 3 months  in the NORK system and is an employee Gross salary of VERSION 1*)  550,000 AMD  1,000,000 AMD  500,000 AMD  
Payment mode

Equal monthly payments (annuity)

Granting mode With AMD, cash and  lump-sum    
Lending territory Territory of RA    
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 length of decision_making_____

With the presentation of all the required documents: 19 minutes

Maximum length of  loan granting

With the presentation of all the required documents: 2 hours

       


¹ 
Persons affiliated with the borrower can not be the co-borrower of the same loan and borrower.

² Only one of these products can be provided to the customer.

³ If 2 out of 2 customers have a quarterly registered salary in NORK system, the loan amount is 700,000 AMD,

 If 2 out of 2 customers have a quarterly salary in NORK system, the loan amount is 800,000 AMD,

 If 2 out of 2 customers have a quarterly salary in NORK system, the loan amount is 850,000 AMD,

If 2 out of 2 customers have a quarterly salary in NORK system, the loan amount is 1,200,000 AMD,

 If 2 out of 2 customers have a quarterly salary in NORK system, the loan amount is 1,300,000 AMD,  

 If 2 out of 2 customers have a quarterly salary in NORK system, the loan amount is 1,500,000 AMD. 

 

VERSION 1*

 

List of taxpayers issued by the authorized state body (http://www.taxservice.am/Content.aspx?itn=TILists) occupying the first 1,000 places or urban communities and companies paid by the state budgets (employees that are registered at least 6 months.

 

Monthly payments


1.If You have taken an ‘Easy Loan for 3 persons loan’ of 1,500,000 AMD with 36 - month term, then your monthly payment will approximately be 59,340 AMD.

2. If You have taken an ‘Easy Loan for 3 persons loan’ of 800,000 AMD with 36 - month term, then your monthly payment will approximately be 31,200 AMD.

3. If You have taken an ‘Easy Loan for 2 persons loan’ of 850,000 AMD with 36 - month term, then your monthly payment will approximately be 33,150 AMD.

4. If You have taken an ‘Easy Loan for 2 persons loan’ of 450,000 AMD with 36 - month term, then your monthly payment will approximately be 18,250 AMD.

 

 

List of necessary documents


• Passport or/and Identification card and

 Social security card

  

Requirements for the client


 The sum of current and repaid loans of Customer should not exceed 45 schedule days in the last 12 days of the month, and 20 schedule days over the last 3 months,

 During the last one month there should not be 5 and more times ''New loan application’’mark in Customer’s credit report,

 At least one of the customers must have 3 -month registered salary in the NORK system (except for existing clients),

 The customer (borrower/ one of the co-borrowers) must have a credit history.

 

If the customer does not have a credit history or is not a registered employee


If the customer does not have a credit history or is not a registered worker, then we suggest You to apply for ‘Easy loan in 19 minutes for 2 persons’ or ‘Easy loan in 19 minutes for 3 persons’loans and come together with a friend/ friends or a partner/partners.

One of the advantages of ‘Easy loan for 2 persons’, ‘Easy loan for 3 persons’ loan type is in the fact, that one of the borrowers must have a positive credit history, as well as a registered job. The other borrowers can not generally have a credit history, as well as a registered job but get ‘Easy loan for 2 persons’ or ‘Easy loan for 3 persons’ loan.  It is only necessary for one of the borrowers to satisfy the conditions (without presenting a reference from workplace, only being a registered worker and with a positive credit history).

 

 Loan approval mode

                                                     

Visiting to customer’s workplace or place of residence is not done,

In case of ‘Easy loan for 2 persons’ and ‘Easy loan for 3 persons’ customers should be liable for the full amount of the loan,

For ‘Easy loan singly’, for current and repaid loan customers, having a co-borrower is not a requirement.

 

Other conditions

 

 At least one of the customers must have 3 -month registered salary in the NORK system (except for Current Customer loans),
 If a customer is an employee of Force structure, the requirement for being a 3-month registered employee is not required,
 In case of impossibility to obtain information from the NORK system (if the customer is an employee of Force structure) the loan can be provided on the basis of the working contract concluded with the customer or a reference about the term of contract and certificate, or a statement from a client's bank account (of current or previous month),
 The maximum amount of the loan provided to current customers may not exceed the repaid amount paid by themselves,
 Current customer of the Company can not be a co-borrower of this loan,
 Loan can be provided to the current customer in such a case, when at least 6 months from the date of the current loan has past,

 Lombard credit may not be considered as an existing loan,

 Repaid loan customers can get new type of loan in such a case, when the loan is repaid within the previous 12 months.
 In case of granting a loan under the credit ‘Consumer loan in cash’, ‘Easy Loan in 19 minutes’ consumer loan is provided with an additional examination taking into account the amount of the loan received within the scopes of ‘Consumer loan in cash’ type of loan.

 

 

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

 

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.



Please note that this type of loan has a high annual interest rate. Therefore, consider other similar services available in the market in advance and evaluate your chances of repaying the loan.