Consumer loans

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Annuity Reducing

Lombard credit Simple: from 100% to 170%

400,000 - 3 million AMD

With 36 months term

 

If You need money urgently


         to meet consumer needs,

 

  and You can pledge golden things or gold, and You do not want to pay assessment, as well as, granting fees of loan, then “KAMURJ” UCO offers You a Lombard credit with a pledge of gold with the following conditions:

 

Loan Disbursement Conditions

  Indicators Conditions

Borrowers

RA citizen (s) and RA resident individual (s)
Age limitation 18-70
Loan amount 400,000 - 3,000,000 AMD
Annual interest rate

• 14.8% for new customers
• 13.8% for current customers and for those previously having a loan 

Annual factual interest rate

33.66% - 36.56%

Loan repayment term

• With 12 months
• With 36 months in case of Monthly (annuity) payments

Loan / collateral ratio

170%
• The sum of current and repaid loans of Customer should not exceed 45 schedule days in the last 12 days of the month, and 20 schedule days over the last 3 months,
• Customers must have 3 -month registered salary in the NORK system,
• The unsecured part of the pledge can not exceed 250,000 AMD
130%
• The sum of current and repaid loans of Customer should not exceed 45 schedule days in the last 12 days of the month, and 20 schedule days over the last 3 months,
• The unsecured part of the pledge can not exceed 100,000 AMD
100%
• In other cases

Loan servicing monthly fee

• 1.4% of the balance of the calculated loan amount - In case of a loan up to 1,000,000 AMD
• 1.3% of the balance of the calculated loan amount - up to 1,000,001 and more AMD loan

Payment mode

• Monthly equal payments (annuity),
• Loan principal repayments at the end of the loan agreement term, Interest payments: monthly

Gold Assessment Fee Free of charge
Granting mode With AMD, cash and lump-sum
Lending territory Gyumri branch
Early payment penalty The borrower should pay accrued interests and penalties (if any) until the early payment date
Applicable penalties

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

Other conditions

• No other person's warranty is required,
• Custody is free for 2 months, but for further custody 1000 AMD per month is charged,
• The following gold categories are acceptable: 375, 500, 583, 750, 875, 900, 958, 999

Maximum term of loan approval

20 minutes

Maximum length of loan granting 20 minutes

 

Necessary requirements for Borrowers


 Up to 200,000 AMD loan (and if the loan / collateral ratio does not exceed 100%) ACRA request is not made, 

 In case of loans, exceeding 200,000 AMD, the borrower's credit risk class is acceptable until the doubtful class,

 The Borrower may not have a credit history.

 

List of Required Documents


 Passport and/or Identification card, and Social card,
 In case of loans exceeding 200,000 AMD and if the loan/collateral ratio is more than 100%, Application form (agreement of making a request from ACRA/NORK systems is included),
 In case of 200,001 AMD or more, Application form (agreement of making a request from ACRA / NORK systems is included).


Actual Annual interest rate 


ATTENTION: Annual real 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 real interest rate in following address  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.


Please note that this type of loan has a high annual interest rate. Therefore, consider other similar services available in the market in advance and evaluate your chances of repaying the loan.