{"id":114401,"date":"2018-06-05T14:03:44","date_gmt":"2018-06-05T14:03:44","guid":{"rendered":"https:\/\/armbanks.am\/2018\/06\/05\/247528\/"},"modified":"2024-12-15T13:33:54","modified_gmt":"2024-12-15T13:33:54","slug":"vtb-bank-armenia-announces-another-drop-in-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/06\/05\/114401\/","title":{"rendered":"VTB Bank (Armenia) announces another drop in loan interest rates"},"content":{"rendered":"<p><strong>YEREVAN, June 5. \/ARKA\/.<\/strong> The VTB Bank (Armenia) has announced another drop in interest rates on gold-secured loans, as well as on the applied commissions. The loans are available on the following favorable terms: &#8211; at an interest rate of 2% (effective annual interest rate begins from 16.5%) on loans in AMD, and at an interest rate of 1% (effective annual interest rate begins from 15.5%) on loans in US dollars.<\/p>\n<p>The loan size is up to 150% of the value of the secured gold. The loan maturity period is up to 5 years. The loan repayment option is chosen by the client at their discretion. The loan amount is up to 3,000,000 drams (equivalent in US dollars).<\/p>\n<p>In addition, VTB Bank (Armenia) has a special offer for refinanced Lombard loans. By transferring their gold-secured loans from other banks or credit institutions to VTB Bank (Armenia), customers will be able to get a loan up to 30% more than the value of the collateral.<\/p>\n<p>Customers applying for this type of loans will benefit from a number of advantages, the bank said in a news release. In particular, the decision on granting a loan is made within a matter of minutes; the loan is issued on the spot and takes only a few minutes; to obtain a loan, the client is required to submit a minimum package of documents &#8211; an identity document and a public service number (social card).<br \/>\nMore detailed information on the terms of lending by VTB Bank (Armenia) can be found at the Bank&#8217;s branches, at www.vtb.am, or by calling 87-87.<\/p>\n<p>VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in April 2004. The bank owns the largest branch network in the country &#8211; 67 branches ($ 1 \u2013 482.90 drams). -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The VTB Bank (Armenia) has announced another drop in interest rates on gold-secured loans, as well as on the applied commissions<\/p>\n","protected":false},"author":1,"featured_media":186588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[14302,12160,15826,524],"class_list":{"0":"post-114401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-gold-secured-loans","10":"tag-rate","11":"tag-vtb-bank-armenia-2","12":"tag-524"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=114401"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/114401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/186588"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=114401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=114401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=114401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}