Unibank improves U-Cash loan terms

YEREVAN, June 20. /ARKA/. Prompted by the growing demand for U-Cash consumer loans, the Yerevan-based Unibank has revised and substantially improved the terms of this loan agreement, the press service of the bank reported today.

It said in particular, the bank has lowered the annual interest rate to 22.9% and has also increased the loan amount to one million drams. The maximum repayable term is 48 months.

Thanks to favorable terms, U-Cash loans, developed to simplify, as much as possible, the process of acquiring funds for current consumer spending, will become available to the largest possible number of customers. To obtain loans, customers can apply to any branch of the bank or its promo-points. They need to have only a passport and a social card.

Applications for obtaining U-Cash loans are accepted also online. They can be filled in on the bank’s website or on its UNIBANK ARMENIA Facebook page.

Loan repayments can be made both in the bank’s branches, and through terminals located in all branches of the bank and in major stores of household and computer equipment. Payment terminals installed at Alek Manukyan and Zvartnots branches work around the clock.

Unibank was founded in October 2001. In 2002, the bank introduced the Unistream system. The main shareholder of the bank is Ripatonso Holding Limited. In 2015, the bank was reorganized into an open joint-stock company. ($ 1 – 481.08 drams). -0-

spot_img

POPULAR

Loans issued by Armenian commercial banks approached 8.9 trillion drams at the end of July

The volume of loans issued by commercial banks in Armenia as of the end of July 2026 amounted to 8,898,629 million drams, compared to 8,775,241 million drams at the end of June.

Why Armenia’s capital market remains bank-driven: 5 insights from Landmark Capital’s CEO 

Gor Gevorgyan assesses Armenia's economy as growing, the country has significant private capital, and the infrastructure and legislative framework for market development as sufficient.

Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO

Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.

AMX held government bond placement and exchange auctions totaling approximately 38 billion drams

Yesterday, the Armenia Securities Exchange held a government bond placement auction totaling 35 billion drams and exchange auctions totaling over 2.9 billion drams.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img