Loan Calculator

Annuity Reducing

Loans for apartament renovation ACCESSIBLE

500,000 - 3,000,000 AMD 

With the term of 48 months from which

Up to 36 months are grace period

Without collateral 

If you need money

     for improving your house conditions,

     for renovating/reconstructing/building 

and you can present guarantors or equal movable property can be pledged then “KAMURJ” offers you credit with following conditions.


Loan granting conditions 

Indicators Conditions
Borrower (s) RA citizen and RA resident individual (s)
Age limitation Borrower's age at the moment of applying must be 18-70
Loan amount 500,000 -  3,000,000 AMD 
Annual interest rate  16%
Annual actual interest rate 23.13%
Loan maturity  With 48 months   
Grace period of loan repayment 

Up to 36 months  (only the interest amount and commission fees are paid), 2/3 of loan month period with rounded ascending direction

Loan servicing monthly fee 0.2% 
Cash withdrawal fee Free of charge
Loan granting fee 2% 
Loan application review fee  Free of charge
Lending territory The Republic of Armenia
Loan security 

Guarantee of at least 2 individuals

Persons related to the borrower can not be the guarantor to the same loan for repayment.

Preterm repayment conditions

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

List of necessary documents


    • Passport issued by RA


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



For 30 boarding communities of Tavush and Vayots Dzor regions almost all types of loans up to 4 million AMD or up to 10.000 USD are provided with the following privileges:


   Without loan granting fee 
  • Without commission fee 


 Annual interest rates of all types of loan have been reduced to 18%. Only the annual interest rate of the individual loan for real estate renovation is reduced to 16%.    

The list of board communities of RA who have privileges

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. 

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.