YEREVAN, December 7. / ARKA /. Armenia-based Anelik Bank has announced the launch of a new credit product called "Simple and Fast’. The loan is given under the security of mortgage, the bank told ARKA.

According to the bank, loans are up to 5 million drams or equivalent in foreign currency. A loan may be obtained without submitting income statement through  Anelik Bank’s ArCa, Visa and MasterCard cards.

"The new loan product is designed for customers who urgently need money, and who are willing to mortgage their real estate property in Yerevan",  Armen Arevyan,  Head of Marketing and Public Relations Department of the bank, was quoted as saying in a press release. He also said that to get the loan, the client must have a good credit history.

Arevyan said this loan product has several advantages- no need to submit income and other statements and references. He said the loan is provided within 18 hours after the submission of the required documents.

Loans are available at the bank’s branches  on Baghramyan and  Komitas streets. Bank Anelik established  in 1990 is  owned by Lebanese CreditBank  (89.95%), and its CEO Samvel Chzmachyan  (10.05%).-0-