YEREVAN, June 20. /ARKA/. Prompted by the growing demand for U-Cash consumer loans, the Yerevan-based Unibank has revised and substantially improved the terms of this loan agreement, the press service of the bank reported today.

It said in particular, the bank has lowered the annual interest rate to 22.9% and has also increased the loan amount to one million drams. The maximum repayable term is 48 months.

Thanks to favorable terms, U-Cash loans, developed to simplify, as much as possible, the process of acquiring funds for current consumer spending, will become available to the largest possible number of customers. To obtain loans, customers can apply to any branch of the bank or its promo-points. They need to have only a passport and a social card.

Applications for obtaining U-Cash loans are accepted also online. They can be filled in on the bank’s website or on its UNIBANK ARMENIA Facebook page.

Loan repayments can be made both in the bank’s branches, and through terminals located in all branches of the bank and in major stores of household and computer equipment. Payment terminals installed at Alek Manukyan and Zvartnots branches work around the clock.

Unibank was founded in October 2001. In 2002, the bank introduced the Unistream system. The main shareholder of the bank is Ripatonso Holding Limited. In 2015, the bank was reorganized into an open joint-stock company. ($ 1 - 481.08 drams). -0-