ArmInfo. VTB Bank (Armenis) provides unsecured consumer loans for 100,000- 4 million drams at the annual interest of 17%-24% and up to 5 years maturity. According to VTB Bank's press-office, the loan size is limited to 8 net of tax salaries, depending on the bank's target segment a customer belongs to. The bank offers the potential borrowers of the unsecured loan "Universal" to insure themselves against accidents on a voluntary basis.
VTB Bank (Armenia) explains that the unsecured loan can be used for any consumer needs and no mortgage of movable/immovable property and/or guarantee is required. The Bank adopts a decision on the application for the loan within 2 working days since the moment of application. No commission fee is charged for application processing.
According to the source, to take the loan, a customer should meet the following requirements: resident of Armenia at the age of at least 23 and below the pension age at the moment of the loan maturity. An identity certificate and social number, as well as a certificate of income are needed (except the cases when an applicant is a staff member of VTB Bank (Armenia)).
For more details, please visit http://ru.vtb.am/retail/credits/gold/index.php#withoutPledge or any of the Bank's branches. You can contact the Bank's Reference Service through the short number 87-87.
According to ArmInfo's Financial Rating of Armenian Banks, VTB Bank (Armenia) is the leader by consumer loans - 66.1 billion drams as of July 1 2015. VTB Bank's consumer loan portfolio accounts for 14% of total consumer loans in the banking system of Armenia and 31% of its total loan portfolio. To note, VTB Bank (Armenia) joined VTB Group in April 2004 and is fully owned by VTB Group, the second biggest bank in Russia. VTB Bank (Armenia) is one of the leaders of Armenia's banking sector. It has 67 branches all over the country (the largest branch network in Armenia).