VTB Bank (Armenia) opens Car Loan Center at central car market in Yerevan

YEREVAN, December 18. /ARKA/. To improve the quality of services and the comfort of its clients, VTB Bank (Armenia) has developed a new format of providing car loans for the purchase of cars from the secondary market. The main advantage of the new format  is saving clients' time, the bank said in a press release today.

This in mind,  VTB Bank (Armenia) has opened a specialized Car Loan Center in Yerevan on the territory of the central car market. The Center that offers all services and products related to the purchase of used cars on credit is located at 1, Nubarashen Highway.

The Car Loan Center offers consulting services and an individual approach to each client. The client chooses the car and without leaving the car market, submits an application for a loan to  the Car Loan Center, which is considered on the spot.

A preliminary decision on granting a loan is made within 1.5 working days.  VTB Bank (Armenia) also offers  insurance contracts against accidents and insurance of the car (CASCO) free of charge.

The down payment for the purchase of used car on VTB Bank (Armenia) loan ranges from 500 thousand drams to 16 million drams. The repayment period is from 1 to 5 years. The annual interest rate ranges from 12.5% ​​to 14.5% (annual effective interest rate - from 18.5%  to 24%).

The  working hours of the Car Loan Center are tailored to the convenience of customers who visit the car market - on weekdays from 10:00 to 17:00 (except Wednesday) and on Saturday and Sunday from 8:30 to 17:00.

Car loans for the purchase of cars from the secondary market are issued to individuals who are residents of the Republic of Armenia, who have a permanent registration or actual place of residence.

Detailed information on car loans for the purchase of cars from the secondary market can be obtained on the official website of the Bank, at its branches or by calling the Contact Center at 87-87.

The bank is controlled by the Central Bank of Armenia.