Prometey Bank has launched a new loan product - consumer loan “Beneficial” with descending interest rate which are being provided to resident and nonresident individuals.

Mediamax was told in the Marketing and PR Department of the bank that the loan amount may comprise from AMD 1 to 10 million, with a redemption period up to 4 years.

Prometey Bank  didn't set any restrictions on the proper use of the loan funds and the borrower can use the loan funds on his own, for any private consumer needs.

“Beneficial” consumer loans’ initial annual interest rate is 20%. Afterwards, starting from the de-facto day of lending, the annual rate of the loan descends by 0.5% each subsequent year .

Particularly, in case of lending with the longest redemption period, annual interest rate will be:  1st year: 20%, 2nd year: 19.5%, 3rd year: 19%, 4th year: 18.5%.

Real estate and movable property can be considered as collateral. Guarantee of at least one individual or legal entity as well as a reference on incomes is also needed. --0--