Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Mortgage / RENOVATION LOANS

Loan Calculator

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

• 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 - 60 years old
Loan amount	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	14% 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	Not specified
Loan servicing monthly fee	Not specified
Loan application review fee	Not specified
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.

Insurance

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

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