VTB Bank Armenia gives student loans on favorable terms

VTB Bank Armenia provides an opportunity for students who entered a university but are not eligible for a free education to get a loan as part of an Armenian state program, the bank said in a statement.

Loans are available to students of bachelor’s and master’s programs at state and state-accredited universities of Armenia. Students aged 16 and above can get loans for each academic year. The loans have a low interest rate of 12% and a repayment period of up to 10 years.