Smart solution from AraratBank: electric car loans at an interest rate starting at 9%

YEREVAN, April 14. /ARKA/. AraratBank, in cooperation with Muran company, offers a smart solution – a loan for the purchase of an electric car starting at 12% in AMD and at 9% in USD. The annual interest rate depends on loan maturity.

As informed by the bank, this cooperation provides an opportunity for potential customers to purchase an electric car under favorable terms and at a competitive interest rate. The loan limit is AMD 2,000,000 – 50,000,000 for loans disbursed in local currency and USD 4,000 – 100,000 for loans in foreign currency.

The electric car loan is available to customers aged 22-65 with a stable source of income and a good credit history. The advance payment starts at 10%, depending on the creditworthiness assessed onsite at Muran LLC car showroom.

“The acquisition of an electric car has a number of advantages such as environmental protection, reduction of emissions, absence of annual environmental fees, significant reduction of current maintenance costs.

No one-time commission for loan processing as well as early repayment fee will be charged, and the loan decision will take a few minutes at the company’s car showroom,” the bank’s news release reads.A detailed description of the terms of the loan may be found here.
Muran LLC is the official representative of Geely in Armenia. -0-

spot_img

POPULAR

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Armenia’s $5.9 billion reserves cover more than four months of imports: former Finance Minister calls this a hedge against external shocks

Armenia's $5.9 billion international reserves cover more than four months of imports and currently provide a fairly reliable hedge against external shocks.

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

LATEST NEWS

spot_imgspot_imgspot_img