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Armbusinessbank has improved the T&Cs of loans and credit lines provided to individuals on the security of real estate

Dear customers and partners,

Armbusinessbank has significantly improved the T&Cs for loans and credit lines in Armenian drams and US dollars under security of real estate.

 In addition to the fact that the threshold amount of loans and credit lines has increased to 35,000,000 for Armenian drams or foreign currency equivalent  respectively, the Bank has also introduced the idea of ​​“credit leave”, according to which over the repayment period customers will have the opportunity not to repay the principal  twice a year, for a period of up to two months (over the loan term not exceeding 10 months), during which only accrued interest will be paid, and loan repayment amounts for those months shall be distributed evenly over the remaining term of loan;

The improvement and optimization of these terms and conditions, as it was noted in the bank, will have a positive impact on the customers of this segment.

The T&Cs shall come into force since August 21, 2019.

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ARMBUSINESSBANK’s official website:
www.armbusinessbank.am