Bank offers a new “Simplified” credit card lines those who avoid excessive complications of loan provision and want to get necessary money as quickly as possible. The loan is based on the customer’s creditworthiness assessment simplified procedure. This loan is for those who have stable income and good credit history.
“Simplified” credit card line is provided in USD and EUR equivalent in 7 million AMD with up to 7 year maturity period and with real estate collateral.
“Thanks to the speed of lending and a few required documents our customers have the opportunity to get the loan within few days. Meanwhile, bank has reduced the interest rates and additional costs related to the loan provision. Besides there are no costs on estimation and insurance of collateral real estate, no application fee and no fine for early loan payment. It is also essential that the loan is a long-term, which significantly reduces the repayments burden”.- said Mr. Sargis Khachatryan, the Head of Loan and Investment Department of Armenian Development Bank.