500,000 - 4,000,000 AMD
With the term of 48 months from which
Up to 36 months are grace period
Without collateral
If you need money
• for improving your house conditions
• for renovating/reconstructing/building
and you can present guarantors or equal movable property can be pledged then “KAMURJ” offers you credit with following conditions.
Loan granting conditions
Indicators |
Conditions |
Borrower (s) |
RA citizen and RA resident individual (s) |
Age limitation |
Borrower's age at the moment of applying must be 18-70 |
Loan amount |
500,000 - 4,000,000 AMD |
Annual interest rate |
20% |
Annual actual interest rate |
24.83% |
Loan maturity |
With 48 months |
Grace period of loan repayment |
Up to 36 months (only the interest amount and commission fees are paid), 2/3 of loan month period with rounded ascending direction
|
Loan servicing monthly fee |
0.2% of the balance of the calculated loan amount |
Cash withdrawal fee |
Free of charge |
Loan application review fee |
Free of charge |
Lending territory |
The Republic of Armenia |
Loan security |
Guarantee of at least 2 individuals
Persons related to the borrower can not be the guarantor to the same loan for repayment.
|
Preterm repayment conditions |
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
|
List of necessary documents
• Passport issued by RA
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.