Loan Universal

AMD or equivalent USD


100.000 - 30.000.000

Credit/Leasing Sum

14 - 23.9 %

Credit/Leasing Percent

16.41 - 28.96 %

Credit/Leasing actual interest rate

8 - 60 Month

Credit/Leasing duration



Credit/Leasing Sum

Credit/Leasing Percent

Credit/Leasing actual interest rate


Credit/Leasing duration

TARGET GROUP – Those members-shareholders of the cooperative, whose activities include any sphere of economic activity not prohibited by law, can apply for a loan.

Credit percent calculate example

The interests of the loan are calculated towards the actual balance of the loan, at nominal interest rate, assuming that a year consists of 365 days.

The annual interest rate indicates how much will the loan cost for you if you pay the interest rates and other payments within the defined terms and amounts.

Loan interest calculation example

Daily interest amount = Loan amount balance x annual interest rate/365

For example:

Balance of the loan amount – 2,000,000 AMD

Annual interest rate of the loan – 14 %

Daily interest amount = 2,000,000 x 14 %/365 = 767.12

Size of penalties - In case of delays in repayment of the loan interest or principal amount, the client pays penalty of 0.13% of the overdue amount (overdue principal amount and overdue interest amount of the loan) for each day of delay, until the 270th successive day of being overdue. Starting from the 271st successive day of being overdue, calculation of penalties stops.erest rate, assuming that a year consists of 365 days.


Possibility of early repayment - No early repayment penalty is charged for loans up to 5 million AMD or equivalent in foreign currency. In the case of loans exceeding AMD 5 million or an equivalent amount in foreign currency, the borrower pays an early repayment penalty in the amounts set by the tariffs.

Repayment frequency

Repayment frequency – monthly, quarterly, semi-annually, annually, free schedule. When setting the repayment schedule, cash flows and seasonality in the client's economy are taken into account. With a free schedule, a grace period of up to 6 months for interest and up to 12 months for principal repayments can be set.

Amounts paid for loan repayment are paid in the following order:

1. Penalties, fines,

2. Overdue interest,

3. Overdue principal amount,

4. Accumulated interest,

5. Principal amount of the loan.


Insurance- Pledge, guarantee

The subject of pledge can be: - real estate (production areas, buildings, constructions, private houses, apartments, land plots, fishponds, gardens, other real estate),

- vehicles: passenger cars and trucks,

 - agricultural machinery,

- construction equipment,

- production lines, equipment,

- large and small cattle, pigs.

The real estate mortgage agreement is subject to notarization. The lien on real estate and vehicles is subject to state registration.

The value of the collateral in relation to the loan cannot exceed 80%. The guarantor must own a property or a share of any real estate, or must be a legal employee of the RA state or any international organization operating in the RA, or any organization with a good reputation in the RA business environment, or be a client of UCO, who has a financial analysis of his solvency not older than 6 months.


We inform you that:

- If the borrower does not fulfill his obligations, then you will pay for him, your credit history will deteriorate and you may be deprived of your property.

- You will be provided with a sample loan, guarantee agreement and repayment schedule.

- Communication will be carried out by the method chosen by you.

- You will be notified 7 days in advance about the change in the terms of the contract.

- A reminder will be sent 1 day in advance regarding the existing obligation. 

- In case of delay in repayment of the loan, you will be informed about it after one day at the latest.


- Request information about the amount of the loan balance from the lender at any time.

- To recover from the borrower the sums paid by you.

Other fee

Loan service fee: 0.15% per month, depending on the source of financing.

The loan service fee is calculated on the actual loan balance.

Loan service repayments are determined on the day of each loan repayment schedule of loan principal / interest rate.

-     In case of cash operations with commercial banks and payment organizations, the customer may be required to pay cash withdraw fee up to 0.25% of the amount.

-     When repaying the loan principal and interest by the customer through the payment terminals payment organizations, a commission fee of 100-300 AMD will be charged for each transaction.

In case of collateralized loans, possible costs of the customer for the services provided by third parties.

Property Pledging Articles

Property Pledging Costs

Real Estate


Other movable property

Pledge value estimation 

15,000 – 80,000



 Certificate on pledge release from the ban




  Notarization of the agreement 

10,000 – 20,000



 State registration of the right for the pledge 

3000 – 26,000




Credit/Leasing bid confirmation

The loan is disbursed within 1 working day. The estimation of the customer’s credit capacity is increased to a minimum, taking into consideration the amount of the loans and their duration.

Before signing loan agreements, in case of Loan Ajakic long term with an amount up to AMD 5 million and its equivalent in foreign currency, the client is provided with an Individual leaflet, in accordance with the CBA’s Regulation 8/05 “PROCEDURE, CONDITIONS, FORMS, AND MINIMUM REQUIREMENTS FOR COMMUNICATION BETWEEN THE BANK AND DEPOSITOR, LENDER AND CONSUMER”.

Credit Calculator

The answer is not final because it is calculated individually.
  • Credit sum
  • Credit Percent
  • Credit duration (month)

. You have the right to communicate with the credit institution in the way you prefer, by mail or electronically. Receiving information electronically is the most convenient. It is available 24/7, free from the risks of paper information loss and ensures privacy. In the case of foreign currency loans, loan repayments may be affected by differences in foreign currency exchange rates.

. The actual interest rates of loans in US dollars were calculated based on the average exchange rate of the US dollar published by the Central Bank of Armenia on 17/02/2023. The actual annual interest rate may change depending on the change in the magnitude of the exchange rate published by the Central Bank of Armenia.

. In case of a change of 2 or more percentage points in the bank interest calculation rate set by the Central Bank of the Republic of Armenia, the organization can revise the current loan interest rate, but not more than twice the current bank interest rate.

. Your property (home, car, or other) may be seized if you fail to make your interest and loan payments on time.

. In case of non-fulfilment or incomplete fulfillment of the obligation by you, the lender sends the data to the credit bureau after 3 working days, where your credit history is formed. You have the right to get your credit history from the credit bureau once a year for free.

Attention: a bad credit history can prevent you from getting a loan in the future.

. In case of non-fulfillment of obligations by the borrower, the obligations can be paid off at the expense of other property of the borrower, if the collateral is not sufficient to repay the obligations at the expense of the collateral (at the expense of the money received from the sale of the subject of the collateral).


In case of non-performance of obligations for the repayment of credit expenses (at the expense of the amount obtained from the realization of collateral), the obligation may be redeemed at the expense of lessee’s other property.