Mortgage / RENOVATION LOANS

Loan Calculator










Annuity Reducing

Mortgages with OWN RESOURCES

3 - 45 million AMD

15.5% - 16.5% - interest rate

18 - 120 months’ term

Without service fee

 

If you need money for real estate
 

      obtaining,
      reconstructing,
      renovating / improvement
 

and you can mortgage renovated, purchased real estate or land which is the destination of building real estate then “KAMURJ” UCO offers you credit wit following condition.

 

Loan granting conditions 

 INDICATOR 

CONDITIONS

Borrower (s)

RA citizen and RA resident individual (s) 

Age limitation 

Borrower’s age at the moment of applying minimum  18, maximum 70

Loan amount

3 - 45 mln AMD

Loan/ collateral value ratio 

 In case of renovating real estate 60% of the market value

 In case of pledge of acquired real estate maximum 70% of the estimated market value of the acquired real estate

 In case of pledge of acquired and additional real estates maximum 70% of the market total amount, but not more than 90% of the estimated market valuated of the acquired real estate

 In case of obtaining loan in case of difference estimated acquisition and market values is based on minimum for loan/collateral value ratio

• 70% of the estimated market total amounts of under construction and additional real estates

Down payment 

Minimum 30% of obtaining real estate price in case of real estate pledge

Minimum 10% of obtaining real estate price in case of obtaining and additional pledge

Loan repayment

18 - 84 months (for real estate renovating/improving)

18 - 120 months (for real estate obtaining/constructing)

Annual interest rate

16.5% ( for real estate renovating/improving)

15.5% (for real estate obtaining/constructing)

Annual actual interest rate

17.11% - 20.07%

Granting fee

Lump Sum

1.5% of loan amount, minimum 45,000 AMD   

Loan servicing monthly fee

Free of charge 

Loan application review fee

5,000 AMD

Payment mode

 Annuity (equal monthly payments)
• Equal monthly payments of loan amount

Lending territory 

Territory of RA 

Applicable penalties

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

Basic Security

Renovating, improving, obtaining, reconstructing if available more residential real estate collateral too

Additional Security

Guarantee for Legal entity and/or individual, pledge of moveable property

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

 

 

Necessary requirements for Borrower’s Credit history

 

       Loan obligations should not be overdue at the moment of loan granting decision

       The number of overdue days for the last 12 months (repaid and acting) must not exceed 30 days of the schedule.

    

List of necessary documents

  

Required documents in case of building

Required documents in case of renovation

Required documents in case of obtaining



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.