YEREVAN, June 5. /ARKA/. The VTB Bank (Armenia) has announced another drop in interest rates on gold-secured loans, as well as on the applied commissions. The loans are available on the following favorable terms: - at an interest rate of 2% (effective annual interest rate begins from 16.5%) on loans in AMD, and at an interest rate of 1% (effective annual interest rate begins from 15.5%) on loans in US dollars.

The loan size is up to 150% of the value of the secured gold. The loan maturity period is up to 5 years. The loan repayment option is chosen by the client at their discretion. The loan amount is up to 3,000,000 drams (equivalent in US dollars).

In addition, VTB Bank (Armenia) has a special offer for refinanced Lombard loans. By transferring their gold-secured loans from other banks or credit institutions to VTB Bank (Armenia), customers will be able to get a loan up to 30% more than the value of the collateral.

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The Yerevan-based Unibank said today it offers gold-secured loans starting from 19% per annum interest rates. According to a bank’s press release, the largest loan amount is 2 million drams repayable within 36 months

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Tags: Armenia, gold-secured loans, offer, profitable terms, Unibank

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YEREVAN, April 7. /ARKA/. VTB Bank (Armenia) said today its customers with positive credit history will be able to get gold-secured loans in the amount of up to 150% of the estimated value of the collateral if they apply before July 20 this year. According to a press release of the Russian-owned bank, interest rates […]

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The Yerevan-based VTB Bank (Armenia) has announced today a string of preferential terms for individual customers seeking to obtain gold-secured loans

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Tags: Bank VTB (Armenia), gold-secured loans

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