1,000,000 - 3,000,000 AMD
0% - 5% interest rate
84 months with interest rate
Without service fee
Without pledge
If you need money for your residential real estate
• renovation
• improvement
then “KAMURJ” UCO offers you unpledged loan.
Loan granting conditions
INDICATOR
|
CONDITIONS
|
Borrower (s)
|
RA citizen (s) and RA resident individual (s)
|
Age limitation
|
Borrower’s age at the moment of applying minimum 18, maximum 70
The program provides a single crediting opportunity
|
Loan amount
|
1,000,000 - 3,000,000 AMD
|
Loan repayment
|
84 months
|
Annual Interest rate
|
14%
The annual interest rate is subsidized and the loans are provided to the beneficiaries:
• 0% interest rate in bordering or high mountain areas
• 2% interest rate in non-bordering rural settlements
• 3% interest rate in urban settlements that are not bordering settlements
• 5% interest rate in Yerevan
|
Annual actual interest rate
|
0% - 5.11%
|
Repayment mode
|
• Annuity (equal monthly payments) • Equal monthly payments of the loan amount
|
Monthly service fee
|
0%
|
Loan application review fee
|
0%
|
Lending territory
|
Territory of RA
|
Loan security
|
Guarantee of 1 or 2 individuals depending on the loan amount |
Insurance
|
Not necessary |
Prepayment fine
|
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 |
|
|
The program is implemented by the “National Mortgage Company” UCO CJSC funding.
List of necessary documents
Required documents
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.