VTB Bank (Armenia) offers updated car loan option
10.07.2020,
18:04
VTB Bank (Armenia) has unveiled today an updated car loan option, as well as a convenient and quick loan processing process for cars from the primary and secondary markets.
YEREVAN, July 10. /ARKA/. VTB Bank (Armenia) has unveiled today an updated car loan option, as well as a convenient and quick loan processing process for cars from the primary and secondary markets.
According to the press service of the bank, the decision to issue a loan is made as quickly as possible with a minimum package of documents required.
It said also that the transaction is executed without notarization. VTB Bank (Armenia) offers also a unique service in the Armenian market - loans for cars imported to Armenia no more than 30 days before applying for a loan.
The bank said it provides CASCO car insurance for the entire loan term. For some types of car loans, the bank offers personal insurance of borrower.
In order to reduce the monthly loan load on borrowers, the bank offers a car loan refinancing service from other banks and credit organizations of the Republic of Armenia on more favorable terms, which will allow the client to move their car loans to VTB Bank (Armenia) and significantly reduce the monthly loan load.
A car loan can be issued at VTB Bank (Armenia) with a prepayment starting at 10%, with an interest rate of 12% -14% per annum (effective rate is 18% -24%), in the amount of 500 thousand to 28 million drams, with 1 to 5 year repayment period. Application for a car loan can be submitted by all Republic of Armenia residents aged 21 to 65.
More detailed information about the product of the bank can be obtained on the bank’s official website at www.vtb.am or by calling its Contact Center at 87-87.
The bank is controlled 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). It is one of the leading banks in Armenia in terms of some key indicators.-0-
According to the press service of the bank, the decision to issue a loan is made as quickly as possible with a minimum package of documents required.
It said also that the transaction is executed without notarization. VTB Bank (Armenia) offers also a unique service in the Armenian market - loans for cars imported to Armenia no more than 30 days before applying for a loan.
The bank said it provides CASCO car insurance for the entire loan term. For some types of car loans, the bank offers personal insurance of borrower.
In order to reduce the monthly loan load on borrowers, the bank offers a car loan refinancing service from other banks and credit organizations of the Republic of Armenia on more favorable terms, which will allow the client to move their car loans to VTB Bank (Armenia) and significantly reduce the monthly loan load.
A car loan can be issued at VTB Bank (Armenia) with a prepayment starting at 10%, with an interest rate of 12% -14% per annum (effective rate is 18% -24%), in the amount of 500 thousand to 28 million drams, with 1 to 5 year repayment period. Application for a car loan can be submitted by all Republic of Armenia residents aged 21 to 65.
More detailed information about the product of the bank can be obtained on the bank’s official website at www.vtb.am or by calling its Contact Center at 87-87.
The bank is controlled 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). It is one of the leading banks in Armenia in terms of some key indicators.-0-
