Yerevan, August 1 /Mediamax/. The Converse bank stated the introduction of “essential positive changes” in mortgage lending conditions.

From now on the terms of repayment of credits will make 7-15 years (instead of the previous 10-12 years), and the annual interest rate will be 11-14% (instead of the previous 13-14%), Mediamax was told in the Converse bank marketing department.

Besides, according to the new conditions, the prepayment can alsomake 20% (instead of the previous 30%) depending on the form of crediting.

The Converse bank also stated the “essential positive changes” regarding the conditions of granting consumer credits on the security of cars and immovable property.

From now on the consumer credits on the security of immovable property will be provided with the term of repayment of 7 years (instead of the previous 2 years), the annual interest rate will make 20%, the maximum credit sum – 10 mln drams (instead of the previous 7,5 mln drams).

The consumer credits on the security of cars will be provided with the terms of repayment of 3 years (instead of the previous 1,5 years), the annual interest rate will make 22% and the maximum credit sum – 3,5 mln drams (instead of the previous 5 mln drams).