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VTB bank (Armenia) offers deposit-secured loans and credit lines

26.07.2017 16:38

VTB bank (Armenia) offers deposit-secured loans and credit lines

YEREVAN, July 26. /ARKA/. The Russian-owned VTB Bank (Armenia) said today its customers, who open deposit accounts or already have such accounts at the bank, can seek deposit-secured consumer loans and credit lines. It said a consumer loan or a credit line can be obtained in minutes and without having to produce additional documents.

The bank offers a consumer loan with a repayment schedule including a monthly annuity or a monthly payment of interest with repayment of the principal amount at the end of the term, as well as a credit line with a monthly interest payment, while the credit line is paid at the end of the term.

A credit line is provided in the deposit currency at 4.5% interest rate plus deposit rate. The loan amount is 100% of the deposit amount, and the loan is issued and serviced without any commissions.

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