Unibank announces new programs of mortgage and business lending

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.