Loan Calculator

Annuity Reducing

Regional Housing Loan

2-35 million AMD

10%-11% - interest rate

5-20 years’ term

Including a 1-year grace period

Without a service fee


The incomes derived from the agriculture are also taken into account


If you need money for a regional residential 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 with the following conditions.


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 60

Loan amount

2-35 mln AMD

Loan/ collateral value ratio 

70% of the estimated market value of real estate 

In case of pledging the acquired and additional real estate (or mortgage liability insurance), maximum 90% of the estimated market/acquisition value of the purchasing real estate

Down payment 

Minimum 30% of obtaining real estate price in case of real estate pledge

Minimum 10% of obtaining real estate price in case of obtaining and additional pledge

Loan repayment

5 - 15 years  ( for real estate renovating/improving)

10 - 20 years  (for real estate obtaining/constructing)

Grace period

Up to 12 months grace period after providing the loan. If a borrower’s income derives from the agriculture, the loan repayments (principal repayment of the loan) can be tailored to the borrower’s cash flows (to seasonal income). Furthermore, the number of the repayments should not be less than 4 times a year. In all cases, monthly interest payment is mandatory.

Annual interest rate

10% (for real estate obtaining/constructing)

11% ( for real estate renovating/improving)

Annual actual interest rate

10.63% - 12.3%

Granting fee

Lump Sum

0.8% of loan amount,

Minimum 30,000 AMD   

Loan servicing monthly fee

Free of charge 

Loan application review fee

5,000 AMD

Cash withdrawal fee

0.20%, excluding the acquisition of real estate loans which is provided only by non-cash

Payment mode


Annuity, equal loan amount repayment or flexible

(Loan interest is calculated on the outstanding balance 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, obtaining, reconstructing residential real estate pledge. In case of loans for construction, the pledge of another residential real estate is considered as an additional.

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.

Those customers who applied to other financial organizations for credit and  their loan request has been rejected, or Customer’s  incomes (its structure) are at risk, or there is  a negative/ neutral credit  history, but the  risks, mentioned above, are weighted by the Company,  and a positive decision is made on the loan,  the loan  interest rate  can be set to 1 (one) percentage point higher.

Other Conditions


Credits, provided for the construction, are given in a phased manner, moreover, the latest phase of which must be no more than 20% of the loan amount.

The amount of the loan, in case of loans for construction, may not exceed 80 % of the budget amount of the execution of construction works.


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.




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.  

c)      The additional mortgage is insured when required.


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 building

Required documents in case of renovation

Required documents in case of obtaining


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 the following address 8/01.


ATTENTION: The lender provides the information about the   borrower’s obligations to the Credit Registry of the Central Bank of Armenia.


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.