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Converse Bank improves student loan conditions

 Tuesday 04 October 2016
Photo: http://cbsnews2.cbsistatic.com/

Converse Bank has resumed disbursement of student loans on improved conditions, offering two types of loans – “My Future” and “Express”.

“My Future” is a unique loan type at the Armenian market, as it allows planning the educational process and obtaining the loan for the whole period of study.

The maximum loan amount is AMD 4 million, and the maximum maturity is 4 years. The amount is transferred to the account of the respective educational institution on semi-annual basis.

Meanwhile, the bank informed that due to the relatively low service fee, as well as usage of other means of encouragement, “Express” loan is among the most affordable student loans in Armenia. Its maximum maturity of the loan, which cannot be above AMD 1 million, is 18 months, at the annual interest rate of 17-19%.

Moreover, Converse Bank continues lending within the scopes of the current Student Lending State Project.

The bank noted that users of the Student and Express loans are provided with VISA ISIC joint debit card, free-of-charge, with 24 months’ grace period of service.

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