Consumer loans

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Annuity Reducing

Consumer Loan secured with real estate pledge

3-25 million AMD

84-120 months’ term

 

If You need money

  

     • for consumer purposes

 

and You can pledge a real estate , then “KAMURJ” UCO CJSC offers You loan with the following conditions:

 

 

Loan granting conditions

Indicators  Limits 
Borrower (s) RA citizens and RA resident individuals
Age limits Borrower's age at the moment of applying minimum 18, maximum 70
Loan amount 3,000,000 - 25,000,000 AMD
Loan maturity  84 - 120 months 
Loan annual interest rate

24%

Annual factual interest rate

26.82%

Loan monthly service fee Free of charge
Prepayment of principal amount Annually equal or annuity  
Lending territory RA
Interests repayment Monthly accrued of loan balance
Basic security

Real estate

Loan/collateral value ratio

First zone - up to 60% of the maximum market value

Second zone - up to 50% of the maximum market value

Additional security Guarantee for Legal entity and/or individual, pledge of moveable property and so on  
Pledge Insurance

Insurance is provided as needed
The subject of the pledge, which is a means of security, is insured as necessary if there is not a mandatory condition required by the given type of loan or by other requirements. The insurance costs are paid by the borrower according to the rates of insurance companies

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Maximum length of decision-making

Within 7 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

 Assessment of pledged property

 15,000 AMD

   

 

Penalty payment

If the borrower does not perform his loan repayment liabilities in time, or does it partially  (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,2 percent of the overdue amount will be calculated for each day as a penalty.If the borrower does not perform his loan interest rate payment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,3 percent of the overdue interest amount will be calculated for each day as a penalty.

 

Loan prepayment conditions 


According to RA law on Consumption Loans the borrower is entitled to prepay the whole principal amount. In this case the borrower repays only the fines and interests for used days prior to that moment.

 


List of necessary documents

List of necessary documents


Loan processing place 
 

«KAMURJ» UCO head office and branches.


 Factors influencing on loan granting approval and rejection decisions

 

   Actual Annual interest rate 


ATTENTION: Annual real 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 real interest rate in following address  
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.