Loan Universal

AMD

Currency

300.000 - 30.000.000

Credit Sum

21.9 - 23.9 %

Credit Percent

22.68 - 27.69 %

Credit actual interest rate

8 - 60 Month

Credit duration

-

Currency

600 - 60.000

Credit Sum

14- 18 %

Credit Percent

14.56 - 21.69 %

Credit actual interest rate

8 - 60 Month

Credit duration

TARGET GROUP – This loan is eligible for those member-shareholders of the Cooperative, whose activities include any sphere of economic activity in accordance with the law. To become a member-shareholder of the cooperative the citizen or legal entity should be engaged in agricultural products industry or processing and other additional activities, as well as commercial, industrial or other entrepreneurship.

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.

Repayment frequency

The repayments of the loan amount and its interest rates are fulfilled in one of the following ways:

  • repayment of the loan amount and interest rates at the end of the term with a lump sum,
  • repayment of the loan amount at the end of the term, while the interest rates are paid monthly,
  • monthly repayments of the loan amount and interest rates on annuity.

The same customer or people interconnected with him can have only one active loan.

Collateral

If the customer corresponds to the target group, a collateral or guarantee of another person is not required.

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

 Vehicles 

Other movable property

Pledge value estimation 

15,000 – 80,000

 

 

 Certificate on pledge release from the ban

10,000

3,000

 

  Notarization of the agreement 

10,000 – 20,000

 

 

 State registration of the right for the pledge 

3000 – 26,000

3,000

2,000

 

Credit 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)
Attention

The organization may review the current interest rate in case of changes of 2 and more percentage points of RA CB defined refinancing interest rate but no more than the doubling of CBA bank rate at present moment.

 

YOUR PROPERTY (apartment, car, etc.) MAY BE CONFISCATED IN CASE YOU DO NOT EFFECT THE REPAYMENT OF LOAN AMOUNT AND INTEREST AMOUNTS IN TIME.

IN CASE YOU DO NOT IMPLEMENT LENDING  PAYMENTS AND INTEREST AMOUNTS IN TIME THE INFORMATION ABOUT YOU WILL GO TO CREDIT REGISTRY.

class="pg">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.