Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Mortgage / RENOVATION LOANS

Loan Calculator

Improving housing conditions Simplified Microloan

500,000 - 4,000,000 AMD

With the term of 48 months from which

Up to 36 months - grace period

Without collateral

If you need money

• for improving your house conditions,

• renovating/reconstructing/building,

• as well as, for the repayment of the creditor debt coming from that purpose,

and you can present guarantors then “KAMURJ” offers you credit with following conditions.

Loan granting conditions

Indicators	Conditions
Borrower (s)	Ra citizen (s) and RA resident individual (s)
Age limitation	18 - 70
Loan amount	500,000 - 4,000,000 AMD
Annual interest rate	22%
Annual actual interest rate	27.3%
Loan repayment term	With 48 months
Grace period of loan repayment	Up to 36 months (when only loan interest is paid)
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments of the loan amount • Other - customer cash flow matching
Loan servicing monthly fee	0.2% of the balance of the calculated loan amount
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 should pay accrued interests and penalties (if any) until the early payment date.
Penalty calculation	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

• The identification document

The main factors affecting the decision to approve or reject the loan

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.