Ameriabank offers new digital financing opportunities to small and medium businesses
21.11.2019,
14:41
YEREVAN, November 21. /ARKA/. SME representatives can enjoy Ameriabank’s new business lending services via digital platforms. Ameriabank Retail Transactions Director Arman Barseghyan told journalists on Thursday that the bank continues expanding the range of its online services. “Already starting from the next week, Ameriabank will provide an opportunity to small and mid-scale businesses to apply online for loans of up to AMD 150 million,” he said.
YEREVAN, November 21. /ARKA/. SME representatives can enjoy Ameriabank’s new business lending services via digital platforms. Ameriabank Retail Transactions Director Arman Barseghyan told journalists on Thursday that the bank continues expanding the range of its online services. “Already starting from the next week, Ameriabank will provide an opportunity to small and mid-scale businesses to apply online for loans of up to AMD 150 million,” he said.
Barseghyan said that uploading necessary papers to the system, borrowers will be able to see online the movement of their loan applications. The company’s data can be uploaded only once, but in the future they can be used in the event of other online loans.
There are three groups of loans, he said. To enhance the servicing quality and relevant approach to each client the bank has introduced differentiation of loan applications.
The first group is up-to-AMD 10-million uninsured loans for SMEs, which need quick decision. It is necessary to have an account in the bank for that and to be registered via ID card.
“It will be possible to get loans of AMD 1 to10 million in five minutes and, as a rule, without visiting the bank. If the loan is not approved automatically, a bank specialist will visit the applicant company, analyze its activity and will give a preliminary response, but maybe additional time will be needed – up to one working day,” he said. This is unsecured loan, and in the event of early repayment the borrowers will pay no fines. There is also an opportunity of refinancing the loan in other banks without visiting them.
The bank also offers an AMD 10-to-20-million loan for the second group. This loan is secured, but also here the bank pursues a quite liberal policy.
“If it is decided to pledge immovable property, the cost of the pledged property may be 50% of the amount of the pledge, and in case of a car loan the percentage will be higher,” Barseghyan said. In his words, this service provides an opportunity to refinance loans in other banks and credit organizations.
All those clients applying for AMD 20-150 million loans or the same-size loans in foreign currencies are singled out into the third group. If necessary, banks can contact clients and receive the information they want.
“The new opportunities Ameriabank has created for business lending will help develop and expand SMEs’ activities in the country,” Barseghyan said.
Ameriabank CJSC is a universal bank that provides investment, corporate and retail bank services in a package. This is the first investment bank in Armenia that started providing a wide range of innovative banking services in 2007. ($1 – AMD 476.98). -0---
Barseghyan said that uploading necessary papers to the system, borrowers will be able to see online the movement of their loan applications. The company’s data can be uploaded only once, but in the future they can be used in the event of other online loans.
There are three groups of loans, he said. To enhance the servicing quality and relevant approach to each client the bank has introduced differentiation of loan applications.
The first group is up-to-AMD 10-million uninsured loans for SMEs, which need quick decision. It is necessary to have an account in the bank for that and to be registered via ID card.
“It will be possible to get loans of AMD 1 to10 million in five minutes and, as a rule, without visiting the bank. If the loan is not approved automatically, a bank specialist will visit the applicant company, analyze its activity and will give a preliminary response, but maybe additional time will be needed – up to one working day,” he said. This is unsecured loan, and in the event of early repayment the borrowers will pay no fines. There is also an opportunity of refinancing the loan in other banks without visiting them.
The bank also offers an AMD 10-to-20-million loan for the second group. This loan is secured, but also here the bank pursues a quite liberal policy.
“If it is decided to pledge immovable property, the cost of the pledged property may be 50% of the amount of the pledge, and in case of a car loan the percentage will be higher,” Barseghyan said. In his words, this service provides an opportunity to refinance loans in other banks and credit organizations.
All those clients applying for AMD 20-150 million loans or the same-size loans in foreign currencies are singled out into the third group. If necessary, banks can contact clients and receive the information they want.
“The new opportunities Ameriabank has created for business lending will help develop and expand SMEs’ activities in the country,” Barseghyan said.
Ameriabank CJSC is a universal bank that provides investment, corporate and retail bank services in a package. This is the first investment bank in Armenia that started providing a wide range of innovative banking services in 2007. ($1 – AMD 476.98). -0---
