{"id":115360,"date":"2018-07-30T14:54:47","date_gmt":"2018-07-30T14:54:47","guid":{"rendered":"https:\/\/armbanks.am\/2018\/07\/30\/247709\/"},"modified":"2024-12-15T13:34:33","modified_gmt":"2024-12-15T13:34:33","slug":"vtb-bank-armenia-reduces-interest-rates-on-mortgage-loans","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/07\/30\/115360\/","title":{"rendered":"VTB Bank (Armenia) reduces interest rates on mortgage loans"},"content":{"rendered":"<p><strong>YEREVAN, July 30. \/ARKA\/.<\/strong> The VTB Bank (Armenia) has announced a \u2018significant\u2019 drop in the annual interest rates on mortgage loans provided in Armenian drams \u2018to make mortgage loans available to a wider segment of customers.\u2019<\/p>\n<p>The Russian-owned bank said in a news release that starting from August 1, 2018 it is cutting the interest rate on mortgage loans (for the purchase or construction \/ repair of home) by 2% to 10.4%. The bank offers also the lowest 3% down payment.<\/p>\n<p>The VTB Bank (Armenia) also offers mortgage loans as part of a government-supported program called \u2018Housing for Young Families&#8221; with the 3.5% rate for families living outside the capital city Yerevan and 5.5% rate for those living in the capital city.<\/p>\n<p>Mortgage loans are provided to citizens and residents of Armenia. The borrower&#8217;s age at the time of receiving the loan should not be less than 21 years, and not to exceed his\/her retirement age at the time of repayment the loan. To obtain a mortgage loan, VTB Bank (Armenia) requires the minimum package of documents. Preliminary decision to grant a loan is made within 2 working days.<\/p>\n<p>Detailed information about this offer can be found in the branches of VTB Bank (Armenia), on its official website, as well as by calling 87-87.<\/p>\n<p>VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in April 2004. Currently, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). The bank owns 67 branches across Armenia. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The VTB Bank (Armenia) has announced a \u2018significant\u2019 drop in the annual interest rates on mortgage loans provided in Armenian drams \u2018to make mortgage loans available to a wider segment of customers<\/p>\n","protected":false},"author":1,"featured_media":187241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[13168,13130,15826,524],"class_list":{"0":"post-115360","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-interest-rates","10":"tag-mortgage-loans","11":"tag-vtb-bank-armenia-2","12":"tag-524"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115360","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=115360"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/115360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/187241"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=115360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=115360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=115360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}