Saturday, August 20 2011 14:44

Car loan in Unibank has become more available thanks to decrease of prepayment to 20%


Arminfo. Unibank has improved the conditions of the dram credits to purchase motor vehicles produced in 2011 via reducing prepayment to 20%. As press-service of Unibank reported, reduction of prepayment makes car loan more available for customers. Unibank is the leader in this segment of crediting.

The car loan is delivered for 42 months (3,5 years) with an interest rate 15%. the maximal size of credit is 7 mln drams. Unibank allows extraordinary repayment of the credit without any limit.

As of 30 June 2011 the car loan portfolio of the bank amounted to 5.5 bln drams.

According to the Ranking of Armenian commercial banks prepared by Arminfo, as of 30 June 2011, the share of Unibank in the aggregate car loan of Armenian banks reached 25%, this is the leading position. The share of the car loan in the credit portfolio of Unibank is more than 7%.
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