Friday, March 26 2010 16:08

Unibank expected to ensure over 50% growth of auto loan portfolio in 2010


ArmInfo. Unibank has reduced interest rates on its auto loans, Unibank press-service told ArmInfo. Thus, the interest rate on the auto loan in the amount of 7 million drams is 15%, on the loans in the amount of 7-15 million drams - 17%.
Prepayment is 20% and maximum loan maturity is 60 months.

To buy a more expensive car, a client is offered an overdraft against car in terms of the US dollars. The annual interest of the loan in the amount of $100,000 is 15%-17% and prepayment is 30%. The source reported that Unibank is always among the leaders in the auto loan market. In 2009 the bank ranked the first in the given market by the volume of auto loans. Demand for Unibank's auto loans is high thanks to its client-oriented lending programs. Prior repayment of loans is possible without any restrictions and fines. As of March 1 2010 the auto loan portfolio of Unibank amounted to nearly 8 billion drams. In 2010 Unibank is expected to ensure over 50% growth of auto loans and maintain its leading positions in the given market.
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