UNIBANK ANNOUNCES NEW PROGRAMS OF MORTGAGE AND BUSINESS LENDING

/PanARMENIAN.Net/
25.06.2009 18:54 GMT+04:00

/PanARMENIAN.Net/ Unibank will start a new large-scale mortgage
lending program in primary and secondary markets, press office of
the bank reports. Loans to purchase and repair real estate will be
provided by the bank for the 10-year-term and at a 20-22 per cent
annual interest rate.

Minimal prepayment to purchase real estate is defined as 30 per cent,
and the maximal amount of a mortgage loan can reach $100 000. The
program enables to buy real estate not only in the capital city of
Yerevan, but also in Armenian regions.

To satisfy the growing demand for loans in Armenian market Unibank
has launched a new lending program for small and medium enterprises
in industrial production, trade, services, transport, agriculture,
and other spheres. Within the framework of the program, loans will
be provided for the term of up to 5 years, and at the annual interest
rate of 20-24 per cent. Maximal amount of loans can reach $200 000.