ArmInfo. From now on, the clients of VTB Bank (Armenia) will be able to make loans for the purchase of cars from both the primary and secondary market, at a rate starting from 14%. At the same time, the Bank also provides a unique opportunity in the market - lending to already imported cars imported to the Republic of Armenia within 30 days before applying for a car loan. . As the press service of the bank told ArmInfo, the amount of the loan ranges from 500 thousand to 24 million drams, the prepayment is established starting from 20% of the cost of the car purchased, the repayment term is up to 5 years, and the period from the moment of production of the purchased car should not Exceed 10 years.
At the same time, for the registration of a car loan it is necessary to provide a minimum package of documents (an ID document and a social card - a number of public services), and a certificate of income is required only if the client does not receive salary in the Bank. A preliminary decision on the application is made as soon as possible. In particular, in case of purchase from the primary market - up to 5 working hours, and in case of purchase from the secondary market - up to 2 working days. Meanwhile, the Bank conducts an evaluation of the car for free, and during the entire loan term the Bank takes on the responsibility of insuring the borrower and the car.
According to the source, applications for a car loan can be submitted by resident individuals of RA at the age of 23 years and older.
According to the Financial Rating of Armenian Banks as of January 1, 2017, prepared by IC ArmInfo, VTB Bank (Armenia) is one of the top three with the volume of 78.01 billion drams in terms of retail lending. In the total loan portfolio of the bank, the retail share exceeds 47%. In the total volume of retail lending, the share of VTB Bank (Armenia) reaches 11% on the market. On consumer lending, the Bank occupies the 2 nd position with a volume of 62.7 billion drams or 38.4% in the loan portfolio. In the total volume of consumer crediting of banks, the share of VTB-Armenia reaches almost 13%. The volume of auto loans of VTB Bank (Armenia) amounted to 1.6 billion drams or 3% of the bank's consumer loans as of this date. On the portfolio of auto loans, the Bank holds the 2 nd position.
It should be noted that "VTB Bank (Armenia)" CJSC became a participant of the international financial group VTB in April 2004. At present, VTB Bank, the second largest in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. The coverage of the branch network of VTB Bank (Armenia) has 67 branches with presence not only in the capital, but also in all regions of the country.