Friday, February 11 2011 17:32

Anelik Bank offers simplified technology of education loans to students


ArmInfo. Anelik Bank offers a simplified technology of education loans to the students. The press service of Anelik Bank told ArmInfo that the loan is approved within 1 banking day.

According to the source, the borrower may be student at the age of 18 or more, or a member of his family having a stable income job. It is also necessary to present two guarantors. The student loan is provided for 6-12 months at the following terms: the borrower or at least one of the guarantors is to be an owner or co-owner of property.

One of the advantages of the loan is that no commission is levied in case of premature redemption of the loan, and the interest rates are more affordable as compared to other similar credits in the market.

"We realize that education is the basis of welfare, and this credit product is meant for the future", said Chairman of Board of Anelik Bank Samvel Chzmachyan.

According to the Ranking of Commercial Banks of Armenia by the Agency of Rating Marketing Information (ArmInfo), as of 1 Oct 2010 the credit portfolio of Anelik Bank amounted to almost 27.3 bln AMD, of them about 18.7% fell on the loans to individuals, and 81.3% -on economy crediting.

Anelik Bank was founded on 9 July 1990, registered on 1 Oct 1991. In October 1996 the bank received the general license of the Central Bank of Armenia. In mid 2009 the Credit Bank (Lebanon) acquired 51% of shares of Anelik Bank.
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