Reduced car loan rates and no down payment: special terms for visitors to Ameriabank's pavilion at Armenian Auto Show
YEREVAN, September 26. /ARKA/. Ameriabank offers special car loan terms to visitors to the Armenian Auto Show, which is taking place in Yerevan from September 26-28, said Vahram Gevorgyan, Head of Tribe Long-Term Banking at Ameriabank.
"We are offering a 0.5% reduction in car loan rates (13.9% online and 14.4% in branches), as well as loans with no down payment," Gevorgyan said, responding to a question from ARKA news agency.
He noted that technology is rapidly changing the world. "We witness changes in technology, markets, and consumers every day. The world of automobiles and the Armenian auto industry are constantly changing. Customer expectations and needs are also evolving. People are trying to meet all their needs online and in one place," Gevorgyan said.
According to him, Ameriabank's MyCar.am platform is a place where car owners can find answers to all their questions and complete all processes, from purchasing a car to servicing it.
"35% of car loans are currently processed through this platform. In the first eight months of 2025, Ameriabank's car loan portfolio increased by more than 40% compared to the end of last year. We continue to maintain our leading position in the market, accounting for approximately 50% of the car loan market (as of June 30, 2025)," Gevorgyan said.
He also announced that the MyCar.am platform has been modernized, transforming it from a car loan platform into a unified marketplace.
Ameriabank's MyCar.am product owner, Marianna Hovhannisyan, noted that Ameriabank is participating in the Armenian Auto Show for the second year in a row.
"This is a great opportunity for us to support our customers and car dealers and better understand their needs. We are presenting our MyCar.am platform with all its functionality, and we also have special offers for our partner car dealers. By visiting the auto expo for three days, you will have the opportunity to choose a car online from more than a dozen of our partner car dealers without any upfront payment, obtain a loan, and become the owner of your dream car. You can now buy and sell more than just new cars on the platform," said Hovhannisyan.
About the MyCar.am platform
The MyCar.am platform allows visitors to find a car to suit any need and budget, offering a wide selection from leading dealers in both the primary and secondary markets. More than 60 car dealers are represented on the platform, approximately 30 of which are official representatives. MyCar.am already allows individuals to sell their own cars, but they must register on the platform. The platform's calculators, filters, and car comparison features make the process of searching and selecting a car as simple as possible, helping customers save time, quickly understand the price-quality ratio, and make the best choice.
About Ameriabank
Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In pursuit of digital transformation, the Bank has implemented unique products, services and innovative platforms designed to meet the diverse financial and non-financial needs people have today, and keeps on improving them.
Being a dynamically developing fintech environment, Ameriabank offers comprehensive solutions to improve the quality of life.
The Bank is supervised by the Central Bank of Armenia.-0-
