The Bank offers consumer loans of up to AMD 5 million, tailored specifically for the consolidation and transfer of existing loans from other financial institutions. Applicants are required to have a positive credit history and a proven track record of loan repayment.
Loan Terms:
·
Annual
Interest Rate: 17%
·
Effective
Interest Rate: 18.40%
·
Loan
Amount: up to AMD 5
million
·
Additional
Loan Amount: an additional
amount of up to AMD 1,000,000 may be offered, beyond the transferred loans, but
it cannot exceed the maximum loan amount set for this loan product.
·
Maturity: up to 5 years
·
Application
Processing Fee: No
fee applies.
Simplify
your life by taking control of your financial obligations.
Transfer
your existing loans to AraratBank and consolidate them into one — one due date,
one monthly payment, and complete peace of mind.
For
more details about the new loan offer, visit any AraratBank
branch or call at +374 10 59 23 23.
AraratBank
is regulated by the Central Bank of Armenia.
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