Monday, September 19 2011 19:53
Unibank sets up 5 promo-points at service points of Orange Armenia and starts providing loans for purchase of Orange mobile telephones
ArmInfo. Unibank has started providing loans for the purchase of Orange mobile telephones and for this purpose has set up five promo-points at the service points of Orange Armenia in Yerevan, Gyumri and Vanadzor, the press service of Unibank told ArmInfo.
According to the source, the Bank provides the loans for the purchase of mobile telephones and accessories of Orange on the following terms: up to 600 thsd AMD for up to 2 years at the interest rate of 18% p.a. with no prepayment. The loans are provided to the individuals having no negative credit history. The opening and service of the banking account are free. To receive a loan, the customer is to submit an application, his/her passport and social card, as well as a statement of employment.
Orange Armenia is one of the leaders in the Armenian market of direct deliveries of mobile telephones of the leading world producers. The company offers quite a wide range of products: Apple, BlackBerry, Alcatel, Samsung, Nokia, etc. Taking into account the high demand of the population, the U-Orange loan will be maximally profitable for the customers, and the availability of the promo-points of the Bank in the sales places will allow considerably accelerate the process of approving of the loan applications and the provision of the consumer loans to the customers.
Under the strategy on retail business development, Unibank will continue expanding its presence in the consumer crediting market and its network of promo-points. In particular, 5 more promo-points will be installed at the service points of Orange Armenia by late September.
By 1 July 2011, Unibank joined the list of top five leaders by lending to individuals. As of June 30 2011, the volume of Unibank's loan provided to individuals amounted to 23.6 bln AMD or 31.6% of total provision of crediting of the Bank. The number of consumer loans grew 7 times as compared with the same period of 2010. Unibank provides consumer loans for the purchase of appliances, computers, furniture, as well as for payment for repair activities, leisure, medical services, or other expenses. Moreover, no mortgage security is needed for the major part of consumer loans of Unibank.
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