Unibank has announced a new product for entrepreneurs. A “special” business loan can be obtained in Armenian drams or US dollars for up to 60 months.
Special is provided for business purposes or to refinance loans in other banks. The client can get up to 250 million AMD or 500,000 USD. When applying for a loan in drams, the interest rate will be 11% per annum, while in the case of dollars – 8.5% per annum. The service is designed for legal entities and private entrepreneurs.
“Supporting small and medium-sized businesses is one of our top priorities. We carefully study customer needs to make business loans even more profitable and affordable for a wide range of entrepreneurs. Our new project, “Special”, is designed for those who need funds to implement business plans or optimize their credit load. By delivering the necessary funds to clients under the most appropriate conditions for the particularities and seasonality of their business, we help them grow and move forward,” says David Petrosyan, Director of Business Promotion and sales at Unibank.
Unsecured loans are another way to support entrepreneurs. Unibank is ready to provide a company with an unsecured loan of up to 5 million AMD or the equivalent sum in USD for a period of up to 60 months. The interest rate for an unsecured loan in AMD is 12.9% per annum. This is a convenient option for companies and private entrepreneurs who want to save on notary services, cadastral registration and security deposit.
In 2021, the volume of business loans issued by Unibank increased by more than 17% compared to the same period in 2020, indicating the strong demand for these products among entrepreneurs. At the end of 2021, Unibank was included in the list of banks offering the best credit offers for small and medium-sized enterprises according to the SME Banking Club.
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