Friday, April 19 2013 18:06

Armenian Development Bank introduces a new product "Development credit" for the beginners and acting businessmen


Arminfo. Armenian Development Bank has recently introduced a new product "Development credit" for the beginners and acting businessmen. As press-service of the bank reported, the pay-off term of the credit is 6 years with a credit grace period - 6 months. The interest rate is 16% and the size of the credit is up to 15 mln drams in a dollar equivalent. The decision to deliver a credit will be adopted for 2 days and the credit will be delivered in several days.

The privilege of this product is that it is also foreseen for the start-up business and the insurance of the mortgaged real property is not required. For the details, call 59-15-15 or visit the website of the bank.

Along with it, the bank has improved conditions on the consumer credit "Immediate" and on the credit cards. From now on the "Immediate" credit will be delivered up to 7 mln drams with the pay-off period 5 years and interest rate 22%. Similar conditions are foreseen for the foreign currency card credits too, but with the interest rate 18%. The decision on delivery of the credit is adopted over one working day. The most attractive condition of these credits is that no certificate about revenues is required, as well as no grounding of the purpose of the credit, no insurance of the mortgaged property and no real estate evaluation.
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