Loan Calculator

Annuity Reducing

Subsidized State Support EE renovation Loan for apartments and individual houses WITH OWN RESOURCES

4 - 10 million AMD

6% - 11% - interest rate

18 - 84 months’ term

Without service fee


If you need money for 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 



Borrower (s)

RA citizen and RA resident individual (s) 

Age limitation 

Borrower’s age at the moment of applying minimum  18, maximum 70

Loan amount

4,000,000 - 10,000,000 AMD


Maximum AMD 7,000,000 for renovation of an apartment in an apartment building

Maximum AMD 10,000,000 for the renovation of an individual residential building

Loan/ collateral value ratio 

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

Loan repayment

18 - 84 months 

Annual interest rate


The annual interest rate is subsidized and the loans are provided to the beneficiaries:
6% interest rate in bordering or high mountain areas
8% interest rate in non-bordering rural settlements
9% interest rate in urban settlements that are not bordering settlements
11% interest rate in Yerevan

Annual actual interest rate

6.13% - 11.57%

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 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



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.


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.