Consumer loans

Loan Calculator

Annuity Reducing

INDIVIDUAL consumer FAMILY income

500,000 - 3,000,000 AMD

With 36 months term

Including a 3-month grace period

without a pledge

If you need money

    • for your individual needs 

  you and your family member can present income statement from the employer or guarantors then “KAMURJ” UCO CJSC provides you loans with the following conditions


Loan Disbursement Conditions

Indicators  Limits


(RA citizen (s) and RA resident individual (s))

Age limitation Borrowers’ age at the moment  of applying must be 18-70
Loan amount 500,000 - 3,000,000 AMD*** 
Annual interest rate 14.8%
Annual factual interest rate 31.84% 
Loan maturity   With 36 months term

Loan grace period (when  only theloan interest and service fees  are paid)

3-month grace period

Loan providing fee

4.8% (lump-sum)


Monthly equal payments (annuity)
Monthly servicing fee 0.48%
Cash withdrawal fee Free
Loan application reviewfee 1000  AMD 
Disbursement method With AMD, cash, lump-sum
Lending territory  The Republic of Armenia
Penalty calculation

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

Maximum term of loan approval Within 10 minutes after presentation of all the required documents
Maximum length of loan granting Within a day after presentation of all the required documents
Loan security measure Reference from the  workplace, as well as, depending on the loan amount, at least  1 voucher  (employees registered minimum 6 months)


***Loan Amount 


Required documents

     1.  Application  form 

     2.  Reference from the workplace (specifying  the period of work) 

     3.  Passport and Social card /Identification card, if available/
     4.  For the guarantor the required documents are the same  as mentioned in the 2nd and 3rd points and  a consent of request

         with  ACRA/ NORK systems

Other conditions

The number of the  expired days of the client’s/guarantor’s  current loans and the loans repaid  during the  last 12 months must  not  exceed  45 days, and  during the last 3 months 20 days, meanwhile   maintaining  credit  limits established by the  credit policy which are classified in  the  terms of  the  clients  and guarantors.

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: 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. 

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.

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.