VTB Bank (Armenia) and Toyota Armenia car dealership offer unprecedented car loans
08.09.2020,
15:56
VTB Bank (Armenia) and Toyota Yerevan car dealership have announced today the launch of a joint car loan program on unprecedented favorable terms.
YEREVAN, September 8. /ARKA/. VTB Bank (Armenia) and Toyota Yerevan car dealership have announced today the launch of a joint car loan program on unprecedented favorable terms.
The bank said in a press release that buying car from the car dealership is possible now with an advance payment of only 4%. The process is as simple and fast as possible`, according to it.
Clients can apply for a car loan directly at the car dealership without having to visit a bank branch. The decision to issue a loan is made in a few hours. The car sale and purchase transaction is carried out directly between the car dealership and the client, after which the latter can immediately pick up the car from the car dealership, without waiting for the loan to be issued.
With an initial payment of 30% or more, the decision is made if the borrower has a job. The bank offers the CASCO insurance of the car for the entire term of the loan without any additional payments.
The unprecedented promotion with a prepayment of only 4% is effective from September 10 to October 10, 2020 inclusive at 14.4% annual interest rate. For clients who receive salaries through VTB Bank (Armenia) cards, the interest rate is down by l 1% (the effective loan rate is 14.8% -19.1%). The car loan can be issued in the amount of 1 to 28 million drams with a maturity period of one to 5 years. There is no commission for consideration of the application (but there are other commissions for issuing and servicing a loan).
An application for a car loan can be submitted by all residents of Armenia aged 21 to 65. They need to submit the minimum package of documents - a passport and a social card (if necessary, a document confirming the client's income may be requested).
More detailed information about the car loan program can be obtained on the official website of the bank, by calling the Bank's Contact Center at 87-87, by visiting the official website of the car dealership or calling 010 777 010.
The bank is controlled by the Central Bank of Armenia.
CJSC VTB Bank (Armenia) became a member of the international financial group VTB in April 2004. At present, PJSC VTB Bank, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia). ($1 - 488.12 drams). -0-
The bank said in a press release that buying car from the car dealership is possible now with an advance payment of only 4%. The process is as simple and fast as possible`, according to it.
Clients can apply for a car loan directly at the car dealership without having to visit a bank branch. The decision to issue a loan is made in a few hours. The car sale and purchase transaction is carried out directly between the car dealership and the client, after which the latter can immediately pick up the car from the car dealership, without waiting for the loan to be issued.
With an initial payment of 30% or more, the decision is made if the borrower has a job. The bank offers the CASCO insurance of the car for the entire term of the loan without any additional payments.
The unprecedented promotion with a prepayment of only 4% is effective from September 10 to October 10, 2020 inclusive at 14.4% annual interest rate. For clients who receive salaries through VTB Bank (Armenia) cards, the interest rate is down by l 1% (the effective loan rate is 14.8% -19.1%). The car loan can be issued in the amount of 1 to 28 million drams with a maturity period of one to 5 years. There is no commission for consideration of the application (but there are other commissions for issuing and servicing a loan).
An application for a car loan can be submitted by all residents of Armenia aged 21 to 65. They need to submit the minimum package of documents - a passport and a social card (if necessary, a document confirming the client's income may be requested).
More detailed information about the car loan program can be obtained on the official website of the bank, by calling the Bank's Contact Center at 87-87, by visiting the official website of the car dealership or calling 010 777 010.
The bank is controlled by the Central Bank of Armenia.
CJSC VTB Bank (Armenia) became a member of the international financial group VTB in April 2004. At present, PJSC VTB Bank, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia). ($1 - 488.12 drams). -0-
