Converse Bank reduces interest rate on project lending

Converse Bank has revised the terms of loans refinanced by the National Mortgage Company, reducing the lending rate by 0.5% for some groups.

The offer is available to cardholders of Converse Bank and users of Mobile Bank application, the bank said in a press release on Friday.

The condition for the advance payment amount was also revised: from now on, the customer can make an advance payment of 10% of the purchase price, and submit an insurance certificate for 20%.

For almost 4 consecutive years, Converse Bank has been one of the leaders in Armenia in terms of loan portfolio refinanced by the National Mortgage Company...