Saturday, November 26 2011 16:55

ARARATBANK offers master students an education loan for 5 years at 18% p.a.


ArmInfo. ARARATBANK offers master students an education loan (maximum amount - 2.5 mln AMD) for 5 years at the interest rate of 18% p.a. The press service of the Bank told ArmInfo that the loan will be redeemed stage by stage. In particular, 25% of the whole amount will be redeemed within the first two years, i.e. over the period of education, and the rest 75% - within the last three years, when the masters will have a job and stable income.

According to the source, a card account is opened for the master student and a plastic card with free annual service is provided to him. The given loan is provided either against movable and immovable property or against the security of individuals or legal entities.
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