Unibank launches new U-Auto program for car crediting

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.
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