{"id":89648,"date":"2015-07-14T10:58:14","date_gmt":"2015-07-14T10:58:14","guid":{"rendered":"https:\/\/armbanks.am\/2015\/07\/14\/243216\/"},"modified":"2024-12-15T13:19:03","modified_gmt":"2024-12-15T13:19:03","slug":"armenian-development-bank-offers-new-credit-line-simplified","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/07\/14\/89648\/","title":{"rendered":"Armenian Development Bank offers new credit line \u2013 &#8216;Simplified&#8217;"},"content":{"rendered":"<p><strong>YEREVAN, July 14. \/ARKA\/.<\/strong> The Armenian Development Bank offers a new kind of the non-revolving credit line to those individuals who want to borrow money as quickly as possible, the bank&#8217;s press office reports.<\/p>\n<p>The new credit line called &#8216;Simplified&#8217; is intended for individuals with stable income and positive credit history. The borrower solvency estimation procedure is simplified.<\/p>\n<p>The bank lends up to AMD 7 million or the amount in US dollars or Euros equivalent to the mentioned sum for up to seven years. The loan is secured by immovable property.<\/p>\n<p>Sarkis Khachatryan, chief of the bank&#8217;s lending and investment division, is quoted in the press release as saying that thanks to the fast formalization and the minimum papers required, clients can get the money in a few days.<\/p>\n<p>\u201cBesides, the bank has lowered the annual interest rates on loans as well as the expenses needed for formalization,\u201d he said.<\/p>\n<p>Khachatryan also said that there are no expenses for estimating and insuring the pledged property and no application consideration fees and fine for early repayment.<\/p>\n<p>\u201cIt is very important to many that this is a long-term loan, since this eases repayment burden significantly,\u201d he said.<\/p>\n<p>The Armenian Development Bank was established in 1990. Prior to 1996 it operated as Bank of Reconstruction and Development. Its shareholders are Ruben Hayrapetyan &#8211; 19.98%, Rafik Hayrapetyan \u2013 19.52% and Grigor Termenjian &#8211; 16.03%. &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Armenian Development Bank offers a new kind of the non-revolving credit line to those individuals who want to borrow money as quickly as possible, the bank&#8217;s press office reports<\/p>\n","protected":false},"author":1,"featured_media":169508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,13975,13857],"class_list":{"0":"post-89648","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-armenia-2","10":"tag-credit-line","11":"tag-development-bank"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/89648","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=89648"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/89648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/169508"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=89648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=89648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=89648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}