AraratBank introduces a new refinancing solution for consumer loans secured by real estate, allowing customers to transfer their loans from other financial institutions.

The offer comes with a range of benefits:
•    Flexible refinancing terms
•    Interest rates starting from 14.5% per annum
•    2% cashback on the loan amount
•    All loan transfer–related costs covered by the bank
•    Up to 30% additional financing available

The bank reported that the annual percentage rate ranges from 15.51% to 16.09%. The cashback amounts to 2% of the disbursed loan amount, capped at AMD 600,000. Loan amounts range from a minimum of AMD 15,000,001 to a maximum of AMD 90,000,000.

To ensure maximum convenience when transferring a real estate-secured loan to AraratBank, the following additional benefits are available, in addition to the cashback: an optional 3-month grace period on principal repayment; maturity of up to 15 years.

No application review or servicing fees apply.

For more information about the Update+ loan offer, please visit any branch of AraratBank or call at +374 10 59 23 23.

AraratBank is regulated by the Central Bank of Armenia.