by Elita Babayan
Ameriabank has launched an unsecured loan of up to 5 mln AMD for microbusinesses. No commission will be levied for the loan servicing and no penalties will be imposed for early redemption, Arpine Mailyan, Head of Retail Business Lending at Ameriabank, has told ArmInfo. She specifies that the loan is provided for up to 3 years.
She says that the loan is secured by two legal entities or individuals. "You should admit that it is a rare phenomenon in the banking sector. In this case, the guarantee is not a collateral, but a stable, developing and healthy business", she says.
Mailyan points out that microbusiness representatives, like all the customers of the Bank, get an opportunity to dictate the terms of their loan. To recall, Ameriabank has recently come out with a new and partly innovative idea: the customers assume the role of a constructor and get an opportunity to create an easy, functional and convenient product themselves. The borrowers themselves choose the way of loan redemption (annuity, differentiated or mixed). They are
also free to choose the currency (Armenian dram, US dollar or euro).