UNIBANK PRESENTED NEW PROGRAM FOR MORTGAGE LOANS
PanARMENIAN.Net
07.10.2009 18:01 GMT+04:00
/PanARMENIAN.Net/ Unibank presented a new program for mortgage loans
with the improved conditions. Within the framework of the program
credits are given for acquisition of real estate from the primary
and secondary markets. Credits are given both in currency and in drams.
For the credits directed on acquisition of apartments, the minimal
advance payment is established 30%, the annual interest rate makes
16%, the term-12 years. Conditions of credits of business areas are
the following: advance payment – from 30 %, annual interest rate-
18 %, term-10 years. The program of mortgage crediting includes also
the credits directed on repair of real estate. Creditor can effect
full or partial repayment of the credit without charges.
As mortgage credits director Tigran Gevorgyan noted, program aims at
making mortgage credits available to the majority of the population.
Unibank mortgage credits portfolio exceeds AMD 12.7 billion, to be
brought up to AMD 15 billion by year-end.