Loan Calculator

Annuity Reducing

Subsidized State Support EE renovation Loan for apartments and individual houses

3 - 10 million AMD

0% - 5% interest rate

84 months with interest rate

Without service fee


If you need money for habitual real estate

     • 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  



Borrower (s)

RA citizen and RA resident individual (s) 

Age limitation 

Borrower’s age at the moment of applying

minimum 18, maximum 60

Loan amount Standard

3,000,000 - 10,000,000 AMD

Loan/ collateral value ratio 

In case of renovating real estate 70% of the market value

Loan repayment

84 months

Annual interest rate 


The annual interest rate is subsidized and the loans are provided to the beneficiaries:

  0% interest rate in bordering or high mountain areas

2% interest rate in non-bordering rural settlements

3% interest rate in urban settlements that are not bordering settlements

5% interest rate in Yerevan 

Annual actual interest rate

0% - 5.11%

Granting fee

Free of charge 

Loan servicing monthly fee

Free of charge 

Loan application review fee

Free of charge 

Payment mode

 Annuity (equal monthly payments)

 Equal monthly payments of the loan amount

Applicable penalties

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

Lending territory 

Territory of RA 

Basic Security

Renovating, improving 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

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


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.




a) The real estate insurance with appraised marked value in accordance with the tariffs and UFPC (Unit for financing of the programmatic credits) requirements established by the companies cooperating with the Company. 

b) Insurance against accidents for the Borrower and co-borrowers (if any) within the rest amount of the loan in accordance with the tariffs and UFPC (Unit for financing of the programmatic credits) requirements established by the companies cooperating with the Company.  


 The creditor covers the insurance expenses according to the tariffs of insurance companies. 


“KAMURJ” UCO CJSC acts as a beneficiary.

List of necessary documents  


Required documents in case of renovation


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.