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Converse Bank has improved the terms of mortgage lending with its own resources and has implemented new tools, the bank said in a press release.

“On the occasion of its 25th anniversary, Converse Bank offers its clients loans for purchase, construction and renovation of real estate on unprecedented terms and conditions. Namely, customers will now have the opportunity to “take a leave” from mortgage loan repayment once a year, postponing the next installment. This is an important new opportunity, owing to which, in case of a temporary change in financial flows (vacation, etc.) our customers may defer the regular installment without having to face financial problems,” a source at the bank said.

Simultaneously, interest rates on mortgage lending have been reduced and the amount of the fee charged for issuance of several loan products and the loan maturity has been revised. Besides, in case of loans issued for buying apartments in Yerevan, the customer will be offered the opportunity of getting a grace period up to 12 months.

Details of loan products issued with the bank’s own resources are available at the following link.