OREANDA-NEWS. July 03, 2014. By transferring your business loans to Inecobank, from July 1st to December 31st you can lighten your business load by reducing monthly payments and receiving loan-to-date conditions.

Most importantly, applying till July 31st the customers will get interest rate vacations. Thus, the customer will pay 0% for July or August, which means the loan will be absolutely free, and the summer months’ repayments will be postponed until September 30.

In fact, the Bank also bears all costs of loan transfer (mortgage-related). The offer is valid till December 31.

Deputy CEO of Inecobank CJSC Mr. Aram Baloyan said about this offer:

"Customer demand study has shown that due to the market condition changes, particularly small and medium business customers witnessed sales volume decline, resulting in a heavy load of loan, thus there is a need of reducing monthly payments. Therefore, we created new conditions for refinancing old loans. Taking into consideration seasonal decline in economic activity in July and August, we went a step forward, releasing a single month repayment and giving customers the ability to realize payments until September 30, when the turnover will increase. Lightening customers’ loan load and complying with business scale derives from both customer and bank interests”.