VTB Bank (Armenia) offers gold-secured loans with most favorable terms
22.01.2020,
17:27
The VTB Bank (Armenia) said today it offers gold-secured loans with the most favorable terms.
YEREVAN, January 22. /ARKA/. The VTB Bank (Armenia) said today it offers gold-secured loans with the most favorable terms. It said when applying for gold-secured loans, customers are provided with the following terms: the annual nominal interest rate on loans in Armenian drams ranges from 2% to 13.5%, the annual nominal interest rate on loans in US dollars ranges from 1% to 9%, the loan amount ranges form 30 thousand to 3 million drams (the equivalent in USD), the loan is provided in the amount of up to 150% of the estimated value of the secured gold.
The loan repayment term is from 80 days to 5 years. The loan repayment type is chosen by the client at his/her discretion. When applying for gold-secured loans, customers will be provided with the following benefits: a decision on granting a loan is made within a few minutes, loan processing takes place on the spot within a few minutes, to obtain a loan a minimum package of documents is required - an identity document and a public service number (social card), if necessary, the bank can provide funds to repay a client’s loan at another bank and obtain a new loan from VTB Armenia Bank under more favorable terms.
VTB Bank (Armenia) also offers repurchase of gold-secured loans from other banks and credit organizations with the possibility of increasing the loan amount by 10%. Loyal customers who borrow gold-secured loans are given the opportunity to increase the amount of the existing loan to 10% during the entire repayment period.
More detailed information about VTB Bank (Armenia) lending terms can be obtained in the bank's branches, on its official website www.vtb.am, or by calling 87-87. The effective annual interest rate is 10.6-24%. VTB Bank (Armenia) is supervised by the Central Bank of Armenia.
VTB Bank (Armenia) CJSC became a member of VTB International Financial Group in April 2004. Currently, the second largest VTB Bank PJSC in Russia owns 100% of the shares of VTB Bank (Armenia). The bank is one of the leading banks in Armenia in terms of several key indicators. -0-
The loan repayment term is from 80 days to 5 years. The loan repayment type is chosen by the client at his/her discretion. When applying for gold-secured loans, customers will be provided with the following benefits: a decision on granting a loan is made within a few minutes, loan processing takes place on the spot within a few minutes, to obtain a loan a minimum package of documents is required - an identity document and a public service number (social card), if necessary, the bank can provide funds to repay a client’s loan at another bank and obtain a new loan from VTB Armenia Bank under more favorable terms.
VTB Bank (Armenia) also offers repurchase of gold-secured loans from other banks and credit organizations with the possibility of increasing the loan amount by 10%. Loyal customers who borrow gold-secured loans are given the opportunity to increase the amount of the existing loan to 10% during the entire repayment period.
More detailed information about VTB Bank (Armenia) lending terms can be obtained in the bank's branches, on its official website www.vtb.am, or by calling 87-87. The effective annual interest rate is 10.6-24%. VTB Bank (Armenia) is supervised by the Central Bank of Armenia.
VTB Bank (Armenia) CJSC became a member of VTB International Financial Group in April 2004. Currently, the second largest VTB Bank PJSC in Russia owns 100% of the shares of VTB Bank (Armenia). The bank is one of the leading banks in Armenia in terms of several key indicators. -0-
