Kamurj Universal Credit Organizations has launched new “Easy Loan in 19 minutes” consumer loans, which provide the customers the opportunity to get an AMD 150 000, AMD 400 000 or AMD 750 000 loan only with passport or Identification and Social security card.

The organization noted that the loan is provided with 24 month-term, 2 months of which can be a grace period, when the customer doesn’t pay the principal amount of the loan.

“The new loan products were created by taking into account market demands. “Easy loan in 19 minutes” consumer products consist of 3 parts: “Easy Loan singly”, “Easy loan together with a friend/partner” and “Easy loan together with friends/partners”.

In case of “Easy loan singly”, the customer having only a positive credit history and presenting only a passport/ ID and Social security card, can get a loan of  just AMD 150,000. In this case, there is no requirement for a reference from workplace, it is only necessary for the customer to be a registered worker with a positive credit history, moreover, neither his/her salary nor position are considered,” said Kamurj UCO Head of Marketing, PR and Advertisement Department Armen Arevyan.

He informed that if a customer comes together with their friend or partner, they can apply for “Easy loan together with a friend/partner” loan type, totally getting a loan of just AMD 400 000.

“One of the advantages of “Easy loan together with a friend/partner” loan type is that one of the borrowers can generally have no credit history, as well as a registered job. It is only necessary for one of the borrowers to satisfy the conditions (without presenting a reference from workplace, only being a registered worker and with a positive credit history),” Armen Arevyan added.

According to him, the same principle works in case of “Easy loan together with friends/partners” loan type. If a customer comes together with their friends or colleagues, the loan amount is AMD 750,000.

“For these types of loans we do not use “up to” term, but we provide “just” AMD 150 000, AMD 400 000 and AMD 750 000 loans.

Another advantage of this new type of loan is that the decision on the loan is made in just 19 minutes. It should be noted that current and former customers of the company get the loan with other, preferential terms.  

We are confident, that this new type of loan will gain a broad range of customers, as it enables the customer, even without a credit history to get a loan and set up their own credit history,”  concluded Head of Marketing, PR and Advertisement Department at Kamurj UCO.