Prometey Bank has improved the terms of gold-secured Lombard loans.

The bank noted that from now on the loans will be provided with 22% annual interest rate instead of the previous 24%. The maturity period of the loan has been extended and now makes up 2 years.

“Application handling fees have also been reduced: AMD 5,000 for the loans up to AMD 500,000 and AMD 7,000 loans for AMD 500.001 and more loans,” says the announcement.

The loans will be provided in AMD, in cash and cashless only in Prometey Bank branches with the exception of “Erebuni” branch.