Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Mortgage / RENOVATION LOANS

Loan Calculator

JERM OJAKH micro credit

300,000 - 3,000,000 AMD

With 14% interest rate

With the term of 5 - 10 years

Without service fee

Without pledge

Possibility of receiving grant up to 5% of loan contractual amount

If you need money for your residential real estate

• renovation
• improvement

then “KAMURJ” UCO offers you unpledged loan.

Loan granting conditions

INDICATOR	CONDITIONS
Borrower (s)	RA citizen (s) and RA resident individual (s)
Age limitation	Borrower’s age at the moment of applying minimum 18, maximum 70 The program provides a single crediting opportunity
Loan amount	300,000 - 3,000,000 AMD
Annual Interest rate	14%
Annual actual interest rate	14.93%
Loan repayment	5 - 10 years
Grace period of loan amount	0 months or preliminary 6 - 12 months
Repayment mode	• Annuity (equal monthly payments) • Equal monthly payments of the loan amount
Monthly service fee	Free of charge
Loan application review fee	Free of charge
Lending territory	All the territories of RA excluding administrative district Kentron of Yerevan city
Loan security	Guarantee of 1 or 2 individuals depending on the loan amount
Insurance	Not necessary
Prepayment fine	The borrower is obliged to pay until the prepayment day the calculated interests, which cannot be less than the first eight interest amount stipulated in schedule as well as penalty fees (if they exist).
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Maximum term of loan approval	Within 7 days after presentation of all the required documents
Maximum length of loan granting	Within a day after presentation of all the required documents

The program is implemented by the “National Mortgage Company” UCO CJSC funding.

The EA Assessment Tool is available online at http://www.jermojakh.com/en

List of necessary documents

Required documents

Օther conditions

• If more than 40% of the credit funds are directed to buying energy-efficient materials and products, then the UFPC (Unit for financing of the programmatic credits) provides a grant of 5% of the contractual loan amount, which is used to repay or reduce the loan amount.

At the same time, no more than 20% of the contractual amount of the loan can be used for the purchase of EE equipment.

• Co-borrower (and/or owner) can be only family members: father, mother, husband, husband's parents, grandparents, sister, brother, children, sister’s husband, brother's wife and their children.

Aactual annual interest rate

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.

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.