Mon, 16 June
17.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

VTB Bank (Armenia) relaunches student loan

YEREVAN, October 25. / ARKA /. VTB Bank (Armenia) has announced today the relaunch of a student loan with improved terms, describing it as ‘one of the most popular loan products among young people.’
VTB Bank (Armenia) said unlike other similar offers, its student loan is designed for payment of tuition fee not only by university students, but also by students of private paid schools and various training courses and classes.

‘Not only students majoring at local but also foreign universities may apply for the student loan from VTB Bank. The loan has no restrictions regarding the list of educational institutions and is provided to students of local and international educational institutions, branches of international educational institutions and various training courses,’ it said in a press release.

The main advantage of a student loan from VTB Bank (Armenia) is that no collateral is required. It is provided in Armenian drams at 16% interest rate with the repayment period of 5 years. The maximum loan amount is 100% of the tuition fee, but not more than 5 million drams. No commission is charged for serving of the loan.

Loan repayment type is decided by the client. It is paid off either in monthly portions until the end of the study period or interests are paid during the study period, while the principal amount is paid after completion of training in equal monthly portions.

The loan can be provided to parents, relatives of the student or the students themselves who meet the requirements of the bank.

More detailed information can be obtained in the branches of VTB Bank (Armenia), on its official website at www.vtb.am or by calling 87-87.

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

spot_img

POPULAR

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

ARKA News Agency: 29 years of trust and professionalism

Dear friends, today is a special day for us at ARKA news agency as we proudly celebrate 29 years of dedicated service.

Average annual exchange rate of Armenian dram to US dollar  projected at 402 drams in 2025 – EDB

The value of the Armenian dram will decrease slightly in 2025, and its average annual exchange rate to the US dollar is projected at 402 drams in 2025, according to the Eurasian Development Bank’s (EDB)   macroeconomic forecast for 2025-2027.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

EBRD’s investments in Armenia in 2024 reached record 400 million euros – Head of Finance Ministry

he European Bank for Reconstruction and Development's (EBRD) investments in Armenia in 2024 hit the record 400 million euros, Armenian Finance Minister Vahe Hovhannisyan said at a meeting with EBRD President Odile Renaud-Basso in London.

LATEST NEWS

spot_imgspot_imgspot_img