YEREVAN, September 6. /ARKA/. The Converse Bank has unveiled today a special loan product, it has designed for buyers of cars from the primary market, offering customers more favorable lending terms.

According to a Converse Bank’s press release, as part of the product, it offers loans up to 45 million drams with the repayment period of up to 84 months, the annual nominal interest rate beginning from 11%, and down payment beginning from 10%.

As part of this offer, loan is provided in the shortest possible time. If a customer seeks a loan up to 15 million drams for purchase of a car from the primary market, no vehicle insurance is required. The special offer is valid until December 28, the bank said.

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Converse Bank unveils special loan product for purchase of cars from primary market

Tags: Armenia, car, Converse Bank, PURCHASE

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Anelik Bank offers a new type of loan to car owners, the press office of the bank reports. The loans will be secured by cars

Categories: Banks @en, General news, News, News of the hour | Comments Off on Anelik Bank offers new type of loan to car owners

Tags: Anelik Bank, car, LOAN

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Loss ratio at Armenia’s car insurance reduced by 7.4 percentage points to 62% in March compared to February, Armenia’s Car Insurance Bureau reported

Categories: General news, Insurance market, News, News of the hour | Comments Off on Loss ratio in Armenia’s car insurance sector reduces to 62% by end of March

Tags: Armenia, car, insurance

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Drivers will be penalized for driving without insurance, the Car Insurance Bureau of Armenia said Tuesday

Categories: General news, Insurance market, News | Comments Off on Car Insurance Bureau of Armenia warns against driving uninsured

Tags: Armenia, car, insurance

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Areximbank-Gazprombank group is making a promotional offer to drivers, the bank’s press office reported

Categories: Banks @en, General news, News, News of the hour | Comments Off on Areximbank-Gazprombank Group comes up with promotional offer for drivers

Tags: Areximbank – Gazprobank Group, Armenia, car

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Introduction of compulsory car insurance in Armenia in 2011 tripled the number of traffic accidents, Aharon Adibekyan

Categories: General news, Insurance market, News | Comments Off on Sociologist: introduction of compulsory car insurance in Armenia triples number of traffic accidents

Tags: Armenia, car, insurance

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Armenia’s Car Insurers Bureau increases compensation payment for 2012.

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Tags: Armenia, car, insurance

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Volumes of car loans provided by commercial banks of Armenia in December reduced by 0.2% to 18.47 billion drams.

Categories: Banks @en, General news, News | Comments Off on Volumes of car loans provided by commercial banks of Armenia in December reduced by 0.2% to 18.47 billion drams

Tags: Armenia, car, LOANS

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The Armenian Car Insures’ Bureau has denied today rumors that purchase of a car insurance policy becomes optional in 2012.

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Tags: Armenia, car, insurance

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Insurance companies of Armenia as of August 31 paid 13.850 compensations by mandatory car insurance in the total amount of 2.85 billion drams.

Categories: General news, Insurance market, News, News of the hour | Comments Off on Volume Of Compensations Of Mandatory Car Payments In January-September 2011 Was About 3 Billion Drams In Armenia

Tags: Armenia, car, insurance, payment

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