5 - 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) |
Citizens and residents of the Republic of Armenia |
| Age limits |
18 - 70 years old |
| Loan amount |
First zone: 5,000,000 - 20,000,000 AMD
Second zone: 5,000,000 - 25,000,000 AMD
|
| Loan maturity |
84 - 120 months |
| Loan annual interest rate |
24%
|
| Annual factual interest rate |
27.02% - 27.59%
|
| Loan monthly service fee |
Not specified |
| 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
|
| |
|
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 Required Documents for Obtaining a Consumer Loan
Loan processing place
«KAMURJ» UCO 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 the following address 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.
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
