{"id":250769,"date":"2023-02-17T11:07:51","date_gmt":"2023-02-17T11:07:51","guid":{"rendered":"https:\/\/armbanks.am\/2023\/02\/17\/250769\/"},"modified":"2023-02-17T11:07:51","modified_gmt":"2023-02-17T11:07:51","slug":"unibank-unveils-new-business-support-loan-with-interest-rate-from-5","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/02\/17\/250769\/","title":{"rendered":"Unibank unveils new business support loan with interest rate from 5%."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, February 17. \/ARKA\/.<\/strong> Unibank has\u00a0unveiled\u00a0today a new loan\u00a0product\u00a0designed to support small and medium-sized\u00a0businesses, which can be taken out in\u00a0euros with the interest rate of 5% and 6%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loan&nbsp;repayment period is up to&nbsp;5 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The interest rate for the first 12 months is only 5%, and from the 13th to 60 months &#8211; 6%.&nbsp;&nbsp;The loan can be&nbsp;provided&nbsp;both for a short term &#8211; 1 year and for a longer term &#8211; up to 5 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loan is given for the development and improvement of business efficiency, as well as for refinancing current loans in other banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Legal entities and private entrepreneurs can apply for the loan in any of the 55 branches of Unibank. The requirements to the borrower are minimum: business activity&nbsp;term&nbsp;not less than 12 months and absence of negative credit history.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One more important advantage of the loan, except for low interest rate, is the possibility of granting a grace period for 12 months during which the borrower has to pay only the interest.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Small and medium-sized businesses need available resources for capital investments, replenishment of working capital and current expenses for a long period of time. Our credit programs, allow entrepreneurs to solve these tasks without unnecessary bureaucracy, quick decision making on financing and at lowest rates possible,&#8217;&nbsp;commented David Petrosyan, Unibank Sales and Corporate Business Development Director.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2022 the volume of business loans provided by Unibank surged by more than 18% in comparison with the previous year, indicating a growing demand&nbsp;of&nbsp;entrepreneurs&nbsp;for credit products of the bank&nbsp;-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unibank has\u00a0unveiled\u00a0today a new loan\u00a0product\u00a0designed to support small and medium-sized\u00a0businesses, which can be taken out in\u00a0euros with the interest rate of 5% and 6%<\/p>\n","protected":false},"author":1,"featured_media":203074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":["post-250769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banks-en-en","category-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - 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