Sun, 28 September
20.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Unibank has decreased interest rates on unsecured business loans

YEREVAN, November 1. /ARKA/. The availability of loans is one of the most important issues for SMEs, Unibank said in a press release. It said decreasing the interest rate, it has improved the conditions for unsecured loans to make them more accessible for SMEs.

From now on legal entities and private entrepreneurs will be qualified for “Unsecured+” business loans with an annual interest rate of 11%. The total amount of loan may not exceed AMD 4 million.

“Unsecured +” loan is issued in AMDs, USDs or EURs with a maturity period of up to 36 months.
Applicants for this type of loan may be legal entities and private entrepreneurs who are engaged in manufacturing, trade, construction, tourism, service, transportation and other sectors. Borrowers may be qualified for supplementary loan resources upon the availability of pledge. In this case, the total loan amount may be up to AMD 5million, USD 10,000 or EUR 8,000.

The improved conditions of the loan, the absence of mandatory collateral and the minimal package of documents make the loan “Unsecured+” more available for a greater number of entrepreneurs. Such an approach promotes fast business development and best satisfies clients’ needs and requirements.

Unsecured loans will give the Bank’s clients an opportunity to enlarge the volumes of their businesses thus making them more efficient and competitive. Unibank also offers its clients a flexible loan repayment schedule. Early repayment of the loans is allowed without restrictions.

As for the end of September 2018, the portfolio of business loans issued by Unibank has exceeded AMD 71 billion.

Unibank was established in 2001. In 2002, it introduced Unistream system. Its principal shareholder is UNIHOLDING GG LIMITED. In 2015, the bank was reorganized into an open joint stock company. -0-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

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.

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.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img