YEREVAN, October 25. / ARKA /. VTB Bank (Armenia) has announced today the relaunch of a student loan with improved terms, describing it as ‘one of the most popular loan products among young people.’
VTB Bank (Armenia) said unlike other similar offers, its student loan is designed for payment of tuition fee not only by university students, but also by students of private paid schools and various training courses and classes.

‘Not only students majoring at local but also foreign universities may apply for the student loan from VTB Bank. The loan has no restrictions regarding the list of educational institutions and is provided to students of local and international educational institutions, branches of international educational institutions and various training courses,’ it said in a press release.

The main advantage of a student loan from VTB Bank (Armenia) is that no collateral is required. It is provided in Armenian drams at 16% interest rate with the repayment period of 5 years. The maximum loan amount is 100% of the tuition fee, but not more than 5 million drams. No commission is charged for serving of the loan.

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on VTB Bank (Armenia) relaunches student loan

Tags: student loan, VTB Bank (Armenia)

Read more