YEREVAN, July 26. /ARKA/. The Russian-owned VTB Bank (Armenia) said today its customers, who open deposit accounts or already have such accounts at the bank, can seek deposit-secured consumer loans and credit lines. It said a consumer loan or a credit line can be obtained in minutes and without having to produce additional documents.
The bank offers a consumer loan with a repayment schedule including a monthly annuity or a monthly payment of interest with repayment of the principal amount at the end of the term, as well as a credit line with a monthly interest payment, while the credit line is paid at the end of the term.
A credit line is provided in the deposit currency at 4.5% interest rate plus deposit rate. The loan amount is 100% of the deposit amount, and the loan is issued and serviced without any commissions.
More information on the terms of consumer loans and credit lines secured by deposits are available at the bank’s branches, at www.vtb.am, and by calling 87-87.
VTB Bank (Armenia) was acquired entirely by Russian VTB Group in l 2004. It runs 67 branches across Armenia. -0-
