Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Mortgage / RENOVATION LOANS

Loan Calculator

Subsidized State Support EE renovation Microloan for apartments and individual houses

1,000,000 - 3,000,000 AMD

0% - 5% interest rate

84 months with interest rate

Without service fee

Without pledge

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	1,000,000 - 3,000,000 AMD
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%
Repayment mode	• Annuity (equal monthly payments) • Equal monthly payments of the loan amount
Monthly service fee	0%
Loan application review fee	0%
Lending territory	Territory of RA
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.

List of necessary documents

Required documents

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.