3-25 million AMD
84-120 months’ term
If You need money
• for consumer purposes
and You can pledge a real estate , then “KAMURJ” UCO CJSC offers You loan with the following conditions:
Loan granting conditions
Indicators |
Limits |
Borrower (s) |
RA citizens and RA resident individuals |
Age limits |
Borrower's age at the moment of applying minimum 18, maximum 70 |
Loan amount |
3,000,000 - 25,000,000 AMD |
Loan maturity |
84 - 120 months |
Loan annual interest rate |
24%
|
Annual factual interest rate |
26.82%
|
Loan monthly service fee |
Free of charge |
Prepayment of principal amount |
Annually equal or annuity |
Lending territory |
RA |
Interests repayment |
Monthly accrued of loan balance |
Basic security |
Real estate
|
Loan/collateral value ratio |
First zone - up to 60% of the maximum market value
Second zone - up to 50% of the maximum market value
|
Additional security |
Guarantee for Legal entity and/or individual, pledge of moveable property and so on |
Pledge Insurance |
Insurance is provided as needed The subject of the pledge, which is a means of security, is insured as necessary if there is not a mandatory condition required by the given type of loan or by other requirements. The insurance costs are paid by the borrower according to the rates of insurance companies
|
Applicable penalties |
Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
|
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
|
Assessment of pledged property |
15,000 AMD
|
|
|
Penalty payment
If the borrower does not perform his loan repayment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,2 percent of the overdue amount will be calculated for each day as a penalty.If the borrower does not perform his loan interest rate payment liabilities in time, or does it partially (according to the agreement between the Creditor and the Borrower), the borrower is obliged to pay fines to the creditor. Starting from the default day 0,3 percent of the overdue interest amount will be calculated for each day as a penalty.
Loan prepayment conditions
According to RA law on Consumption Loans the borrower is entitled to prepay the whole principal amount. In this case the borrower repays only the fines and interests for used days prior to that moment.
List of necessary documents
List of necessary documents
Loan processing place
«KAMURJ» UCO head office and branches.
Factors influencing on loan granting approval and rejection decisions
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.