UNIBANK LAUNCHES NEW U-AUTO PROGRAM FOR CAR CREDITING

/PanARMENIAN.Net/
29.06.2009 19:24 GMT+04:00

/PanARMENIAN.Net/ Unibank launched a new program for car crediting
U-Auto, within the framework of which loans up to $70 thousands are
issued for purchasing car in the primary market, the bank’s press
office reported.

The loan is provided for the term of 4 years, the annual interest
rate in USD starting from 20%, minimum prepayment – 20%. The program
provides for the right of the customer to fully or partially repay
the debt ahead of time without collection of commission fees.

As of May 31, 2009, Unibank portfolio of car credits made $24.6mln.