Sat, 6 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) reduces rates on installment loans

YEREVAN, May 8, /ARKA/. VTB Bank (Armenia) has once again reduced effective rates on installment loans, offering its clients loans not only with lower interest rates, but also with reduced commissions.

The bank said in a press release that loans can now be provided to customers with unregistered income. From now on, VTB Bank (Armenia) clients while making purchases in partner shops can arrange installments on favorable terms (different lending terms are effective in different partner shops of the bank).

The loan size is up to 1.5 million drams with 0% interest rate, 0% down prepayment and up to 60 months repayment period. No monthly service fee is charged. The loan is formalized on the spot without the need to visit the bank. Customers need to have an ID document and social card. Individuals, residents of Armenia, who have reached the age of 21, can apply for the loan.

The loan is provided for the purchase of household appliances, furniture, building materials, mobile phones and other goods in more than 350 retail outlets throughout Armenia. Fore more information one should visit the Bank’s branches, www.vtb.am, or call 87-87.

VTB Bank (Armenia) CJSC became a part of the VTB international financial group in 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). It runs 67 branches in the country. -0

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img