VTB Bank (Armenia) improves lending terms for clients
07.08.2020,
14:44
VTB Bank (Armenia) said today it has improved lending terms for some types of consumer loans.
YEREVAN, August 7. /ARKA/. VTB Bank (Armenia) said today it has improved lending terms for some types of consumer loans. According to a bank's press release, over the past few years, it has been the market leader in terms of consumer lending portfolio to individuals and intends to maintain its key positions by offering a wide range of products for all client segments.
In order to maximize customer satisfaction, especially during the state of emergency, declared in the country to curb the spread of coronavirus, the bank has reduced not only the interest rate on consumer loans without collateral by 1%, but also the commission for loan issuing and monthly service.
As a result, a consumer loan at VTB Bank (Armenia) is available now at the rate of 12% to 18.6% per annum (the effective rate is 14.5% - 24%) with a 6 months to 5 years maturity for an amount from 100 thousand drams to 12 times the client's salary.
The bank has improved also the terms for loans secured by gold. In particular, the commission for monthly loan servicing has been reduced. Thus, clients can apply for loans secured by gold up to 150% of the appraised value at interest rates from 1% to 13.5% per annum (the effective rate is 16.5% - 24%) with maturities ranging from 80 days to 5 years.
In addition to the specified terms for consumer loans, other commissions also apply. More detailed information on the terms and tariffs of consumer loans can be obtained on the official website of the Bank by following the link or by calling the Bank's Contact Center at 87-87.
The bank is controlled by the Central Bank of Armenia. VTB Bank (Armenia) is fully owned by VTB Bank, the second largest in Russia -0-
In order to maximize customer satisfaction, especially during the state of emergency, declared in the country to curb the spread of coronavirus, the bank has reduced not only the interest rate on consumer loans without collateral by 1%, but also the commission for loan issuing and monthly service.
As a result, a consumer loan at VTB Bank (Armenia) is available now at the rate of 12% to 18.6% per annum (the effective rate is 14.5% - 24%) with a 6 months to 5 years maturity for an amount from 100 thousand drams to 12 times the client's salary.
The bank has improved also the terms for loans secured by gold. In particular, the commission for monthly loan servicing has been reduced. Thus, clients can apply for loans secured by gold up to 150% of the appraised value at interest rates from 1% to 13.5% per annum (the effective rate is 16.5% - 24%) with maturities ranging from 80 days to 5 years.
In addition to the specified terms for consumer loans, other commissions also apply. More detailed information on the terms and tariffs of consumer loans can be obtained on the official website of the Bank by following the link or by calling the Bank's Contact Center at 87-87.
The bank is controlled by the Central Bank of Armenia. VTB Bank (Armenia) is fully owned by VTB Bank, the second largest in Russia -0-
