YEREVAN, October 21. /ARKA/. VTB Bank (Armenia) has started providing loans not secured by property.
The bank’s press office says the bank extend such loans for all consumer needs, such as apartment repair, car purchase, treatment and education, without any property pledge or guarantee requirement.
Clients wait the banks’ decision no longer than two working days.
All the individuals who are residents of Armenia, no younger than 23 and not reached their pension age are eligible for applying for Universal Loan.
The loan is extended for up to 5 years at 17 to 24 percent interest rate, depending on for what targeted segment of the bank each particular client is fit.
The amount to be lent ranges from AMD 100,000 to AMD 4,000,000. No fee is required for consideration of an application.
The Universal Loan also allows voluntary accident insurance.
Identification document, social card and income evidence are needed for formalizing the loan.
More detailed information is available on the bank’s official website. Anyone who wants to receive information may visit to any of VTB Bank (Armenia) branches or calling to 87-87.
VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. ($1 – AMD 472.99). —-0—
