Kamurj Universal Credit Organization has introduced a new type of business/agricultural loan - Express - and improved the terms of current business and agricultural microcredits.

The organization noted that the newly introduced business and agricultural Express loan allows customers to receive up to AMD 500,000 or USD 1,000 in 2 hours for both agricultural and business purposes, with no pledge and guarantee.

“One of the advantages of the Express loan is the fact that current and former customers of Kamurj UCO will be provided with a more affordable interest rate.

The terms of current business and agricultural loans of up to AMD 3,000,000 or USD 6,000 improved as the loan interest rate has been reduced, allowing customers to borrow for both agricultural and business purposes at a 15% annual interest rate without monthly maintenance fees. Moreover, in case of crediting for agricultural purposes, the given loan provides a grace period up to 27 months during 36 months-term, which will allow customers to repay loan repayments with individual timetable customized with agriculture seasonality,” explained the organization.