Armenian Development Bank launches a new “Simplified” credit card line for those who avoid excessive complications of loan provision and want to get the necessary money as quickly as possible.

The bank noted that the loan is based on the customer’s creditworthiness assessment simplified procedure. This loan is intended for customers who have stable income and good credit history.
“Simplified” credit card line is provided in USD and EUR equivalent in AMD 7 million with up to 7 year maturity period and with real estate collateral.

“Thanks to the speed of lending and a few required documents our customers have the opportunity to get the loan within a few days. Meanwhile, the bank has reduced the interest rates and additional costs related to loan provision. Besides, there are no costs on estimation and insurance of collateral real estate, no application fee and no fine for early loan payment.

Importantly, the loan is long-term, which significantly reduces the repayment burden,” said Mr. Sargis Khachatryan, the Head of Loan and Investment Department of Armenian Development Bank.