Consumer loans

Loan Calculator










Annuity Reducing

INDIVIDUAL consumer FAMILY income

Up to 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

Borrowers

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

Age limitation Borrowers’ age at the moment  of applying must be 18-70
Loan amount Up to 3,000,000 AMD*** 
Annual interest rate 14.8%
Annual factual interest rate 31.86% 
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)

Repayment

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



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.


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.