OREANDA-NEWS. October 09, 2009. The "Unibank" announced about the new action in the sphere of auto credits, in the framework of which in case of purchasing the automobile of the model Volkswagen Touareg credits will be given under privileged terms, reported the press-centre of Unibank.

In this case the annual interest rate and the advance payment are established to be15 %. If the client pays 40 % and more of advance payment, the interest rate will be reduced by 1 percentage point  (14 %). The maximum term of credits is 5 years, the sum-50 million drams. The last date of the action is the 31 of December of 2009.

In parallel the bank carries out the large-scale program of auto credits for purchasing used cars. Credits are given by 5-year term of repayment; the annual interest rate makes 19 %, the advance payment - 30 %. The maximum sum of the credit is 12 one million drams. For the cars bought from the primary market, annual interest rate is 15 %, the sum is 50 million drams. ''By the amount of auto credits the “Unibank” has always been on the first place.

Our programs are planned for the clients having different levels of income and demand. I will notice, that creditors can carry out full or partial repayment of credits before the term without penalties" -says the director of auto crediting department of the "Unibank" David Mkrtchyan. For September 30th of 2009 the bank portfolio of autocredits has made 8.4 billion drams.