YEREVAN, April 3. /ARKA/. VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.
Under this offer, retail clients can receive a loan upon proof of income, without a creditworthiness analysis.
The main advantage of this loan offer: the bank considers only the client’s income, without assessing creditworthiness, for loan amounts up to and including 10 million Armenian drams with a down payment of at least 10%, and for loan amounts from 10 million to and including 20 million Armenian drams with a down payment of at least 25%.
“The new car market is actively growing, and we strive to support this trend. “Together with our car dealer partners, we’ve simplified the purchasing process, making it as convenient as possible. This new offer allows customers to obtain a loan on favorable terms, simply by proving their income,” commented Taras Kladchenko, Deputy CEO and Chairman of the Management Board of VTB (Armenia).
The loan is provided at an interest rate of 13% to 14% (effective rate: 17%-18.8%) for a term of 1 to 7 years. This offer is available to individuals who are residents of the Republic of Armenia, with permanent registration or actual residence in the country.
More detailed information about the loan offer is available on the VTB (Armenia) website, at any bank branch, or by calling the Contact Center at 87-87.
The Bank’s activities are regulated by the Central Bank of Armenia.
