YEREVAN, August 29. /ARKA/. ACBA-CREDIT AGRICOLE BANK has improved the terms of its student loans, the bank’s press office told ARKA.
ACBA-CREDIT AGRICOLE BANK was the first bank to introduce student loans in Armenia ten years ago, says the report. Over 31,000 such loans have been extended since then, according to the report.
From now on student can get education loans within 15 minutes only, upon submission of their identity card, the respective document from educational institution and the social security number, says the report.
Students may take the advantage of other special offers from the bank, for instance free Visa Student for oneself and a friend, participation in a lottery and winning tuition fee, a notebook or an IPAD, as well as getting 20% of the paid interest back in case of academic excellence.
The maximum loan amount is one million drams. The loan is provided in drams only for 3 to 12 months at 18% per annum. –0–
