Yerevan /Mediamax/. “Unibank” has expanded the line of car loan products and offers programs, meant for borrowers with various levels of income.

As Mediamax was informed in the press service of the bank today, the programs are applicable both for new and second-hand cars.

The loan is provided for the term of up to 5 years, annual interest rate – starting from 17%, initial payment – starting from 20%. Maximum sum of the loan makes up to 50mln AMD.

Together with new products, there is also the “U-Auto” program functioning in the bank: crediting by plastic card to purchase a car, within the framework of which the volume of the loan does not exceed $15 thousands.

As to the volume of issued car loans, “Unibank” is one of the leaders of the banking market in Armenia. As of September 1, the car loan portfolio of the bank made 8.5bln AMD.