VTB Bank (Armenia) unveils new loan product

08.08.2017 22:37
VTB Bank (Armenia) unveils new loan product

YEREVAN, August 8. /ARKA/. As part of its strategy to expand the line of its loan products the Yerevan-based VTB Bank (Armenia) has announced today a new offer, designed specifically for customers who have the so-called "Maternity Capital" account with it.

The Russian-owned bank said an individual who has the corresponding amount on their accounts, provided by the government, may apply for an interest-free loan for consumer purposes.

The loan is issued in a matter of minutes without analyzing the client's solvency. To obtain the loan, one only needs to provide an identity document and a social card.

The loan is provided in Armenian drams. The term is until the end of the current year. The minimum loan amount is 25,000 drams, the maximum amount is 100,000 drams, the annual interest rate is 0%, the commission for consideration of the application is 1000 drams, the one-time commission for the loan is 2.5% of the loan amount.

The loan is transferred instantly to a special card with preferential service tariffs: issuing and servicing the card is free of charge. No commission is charged for cash withdrawal from the ATMs of VTB Bank (Armenia) and ACBA-CREDIT AGRICOLE BANK, as well as from POS terminals located in the bank's branches.

More detailed information can be obtained at the branches of VTB Bank (Armenia), at www.vtb.am, or by calling 87-87.

VTB Bank (Armenia) is entirely owned by Russian VTB Bank. It runs 67 branches across Armenia. ($ 1 - 478.74 drams) -0-


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