  VTB Bank (Armenia) prolongs mortgage loans terms December 2, 2010 - 14:37 AMT PanARMENIAN.Net - Starting from December 1, 2010, VTB Bank (Armenia) CJSC prolongs the term of mortgage lending up to 35 years on Armenia’s territory with 30% and 20% minimum prepayment amount for AMD and USD loans respectively. Beside, the bank has also raised the maximum amount of USD loans, bringing it to USD 300,000, the bank press service reported. The interest rates in case of mortgage lending for the term of 10-35 years make 12% and 11% for AMD and USD loans respectively. Besides, the process of approval of mortgage loan provision and list of required documents have been simplified. “The new targets young clients and, hopefully, will be in great demand. With current prices for real estate, the terms prolongation will considerably simplify a dwelling purchase. As a result, it will provide buyers with the opportunity to consider and buy higher-quality dwelling, without spending time for additional savings,” said Director of the Department for Retail Business Development at VTB Bank (Armenia) CJSC Artakh Khachatryan.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
