VTB Bank (Armenia) offers «Car Loans Secured by Real Estate» service.

Now you can purchase a new or used car in a easier way, as the loan is issued without analysis of a customer's purchasing capacity, the bank reports. A customer is not required to make a prepayment in case of to AMD5.5mln (inclusive) loans.

Main conditions of the product:
•    Prepayment;
- 0% in case of up to AMD5.5mln (inclusive) loan
- 10% in case of over AMD5.5mln loan
•    loan currency - AMD
•    Annual interest rate - 17%
•    Loan maximum term
- in case of purchasing a car on the primary market - up to 7 years ( depending on the country the car has been made)
- in case of purchasing the car on the secondary market - up to 5 years ( depending on the country the car has been made)
Maximum sum of the loan - up to AMD10mln ( depending on the country the car has been made).

«Car loans secured by real estate is a loan highly demanded on the Armenian retail lending market which will allow citizens to purchase new and used cars without any difficulties. Our offer is especially actual taking into account the fact that customers have difficulties making prepayments and elimination of this condition bears witness to the bank's loyal approach to its customers. Besides, the bank currently cooperates with almost all the car salons of the country which in its turn ensures a broad scope of car choice», noted Yuri Gusev, General Director-Chairman of Directorate of the bank.