ArmInfo. From now on, it is possible to issue a mortgage loan in the amount of up to 25 million drams for buying / building / repairing real estate at a reduced interest rate from VTB Bank (Armenia) starting from 11.5% per annum when purchasing housing and from 12.5% at construction / repair. According to the press service of the Bank, the mortgage loan can be granted to RA citizens and RA residents, whose age at the time of receiving the loan should not be less than 21 years, and at the time of repayment the loan should not exceed the age of the borrower's retirement.
According to the source, a minimum package of documents is required to obtain a mortgage loan at VTB Bank (Armenia). Preliminary decision to grant a loan is made as soon as possible - 2 working days. In VTB Bank (Armenia) it is also possible to obtain a loan under the mortgage program "Housing for young people", within which the interest rate for customers from the regions of Armenia starts from 5%, and for clients from Yerevan - from 7%.More detailed information on the terms and rates of mortgage loans can be found in the branches of VTB Bank (Armenia), at www.vtb.am, and by calling the Bank's Unified Information Service at 87-87.According to the Financial Rating of the Armenian Banks as of July 1, 2017, prepared by the IA ArmInfo, VTB Bank (Armenia) occupies the 6th position in terms of mortgage lending - 13.8 billion drams. In the total mortgage lending of the banking system, the share of VTB Bank (Armenia) exceeds 7%, and in the loan portfolio of the bank reaches 8%.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.