VTB Bank (Armenia) has developed a new SuperCard product, which is an annual credit card with a 0-percent interest rate.

The customer pays only monthly loan servicing fee (1.4% of the credit limit).

According to the bank's report, the purpose of launching the product is to simplify the repayment process of customers, there is no need for monthly calculation and adjustment of the amount subject to payment. Upon receipt of "SuperCard" the customer receives a certain amount which is subject to monthly payment.

Cash withdrawal by means of ATMs of VTB Bank (Armenia) and ACBA-Credit Agricole Bank is free of charge.

The maximum term of the "SuperCard" credit line is up to 2 years, and the maximum sum - up to six times the customer's income.

The advantages of the new loaning product are:

- The minimum package of documents, passport and public service number (social card) are required for obtaining the credit line;

- The decision to issue a loan is made by the bank within a short period of time, maximum 1 working day,

- Accident insurance.

The material is copyrighted and protected by law