Armbusinessbank has significantly improved the T&Cs for loans and credit lines in Armenian drams and U.S. dollars under security of real estate.

“In addition to the fact that the maximum threshold amount of loans and credit lines has increased to 35,000,000 for Armenian drams, 70,000 for U.S. dollars and Euro respectively, the bank has also introduced the idea of “credit leave”, according to which over the repayment period customers will have the opportunity not to repay the principal twice a year, for a period of up to two months (over the loan term not exceeding 10 months), during which only accrued interest will be paid, and loan repayment amounts for those months shall be distributed evenly over the remaining term of loan,” the bank said.

Armbusinessbank has added that the improvement and optimization of these terms and conditions will have a positive impact on the customers of this segment.

The improved T&Cs will come into force on August 21, 2019.