5 - 45 million AMD
19% - 20% interest rate
18 - 240 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)
|
Citizens and residents of the Republic of Armenia
|
|
Age limitation
|
18 - 70 years old
|
|
Loan amount
|
5,000,000 - 45,000,000 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 - 120 months (for real estate renovating/improving)
18 - 240 months (for real estate obtaining/constructing)
|
|
Annual interest rate
|
20% ( for real estate renovating/improving)
19% (for real estate obtaining/constructing)
|
|
Annual actual interest rate
|
20.75% - 21.94%
|
|
Loan servicing monthly fee
|
Not specified
|
|
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 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
