Converse Bank has considerably improved the terms of issuing some loans

Category
BUSINESS & ECONOMY

Converse Bank has launched a campaign of issuing loans secured with real estate as collateral and credit cards, significantly improving the lending terms. Loans are issued with the purpose of refinancing loans existing at other banks.

“With the launch of this campaign by Converse Bank, in the first place, the lending process has been simplified. Today, depending on the loan type, income analysis is not required for lending in the amount of AMD 15-25 million/its equivalent in foreign currency. Review of the loan application, loan disbursement and its encashment are done free of charge, and the costs of preliminary evaluation of the pledged property and notarization are covered by the Bank”, – they said at the Bank.

Within the framework of the campaign, loans for acquisition and construction of real estate are issued with maturity up to 180 months; loans secured with real estate as collateral and credit cards with non-restorable limit – with maximum maturity of 84 months.

The campaign is valid until June 30, 2018.

For details, please follow the link

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS