Ardshinbank Has Set Better Terms on Loans by Pledge of Real Estate

Ardshinbank announces reduced interest rates and better lending terms for loans by pledge of real estate. Thus, the current interest rate on consumer loans starts from 14.95% per annum in AMD, from 11.95% per annum in USD (express renovation) and from 7.95% in Euro. To boost the businesses, including agribusiness, of legal entities and sole proprietors, the loan is provided at an interest rate starting from 15.95% per annum in AMD, from 11.95% in USD, from 8.5% in Euro. The loan term is up to 15 years.

“We have tried to do our best to make the loan terms more accessible and attractive for our customers, both individuals and legal entities. Firstly, the interest rate is significantly reduced; secondly, if a good borrower makes repayments on time, he can change the terms of the loan, that is, increase the loan amount, prolong the loan term or reduce the interest rate. In addition, loans by pledge of real estate give an opportunity to earn 5% cashback bonus from the interests already paid on the schedule,” said Armen Gasparyan, Strategic Development Director at Ardshinbank.

A big advantage of this loan facility is that the borrower does not need to submit a statement of income. Furthermore, in case of loss of work capacity or property damage, it is the borrower who receives the compensation, not the Bank.

Further information can be found at the official website of the Bank, by calling (012) 22 22 22 or by using the “Call Back” service.

————–

Ardshinbank is the second largest bank in Armenia with a broad sales network (64 branches). Ardshinbank is the only private entity in Armenia with assigned ratings from two international major rating agencies (Moody’s and Fitch) equal to the rating of the Republic of Armenia.