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

AMX held government bond placement and redemption auctions worth 35 billion drams

On May 12, the Armenia Securities Exchange (AMX) held a government bond placement auction worth 30 billion drams and a government bond redemption auction worth 5 billion drams.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

LATEST NEWS

spot_imgspot_imgspot_img