Within the framework of our cooperation with the Entrepreneurship Development Fund, we offer equipment loans to our customers on preferential terms at the expense of the Fund.
Equipment loan - provided to business subjects who want to update their existing equipment or acquire new equipment by pledging the equipment.
- Loan amount: 5,000 – 3,000,000 AZN.
- Loan term: up to 5 years
- Interest rate: Up to 9% per annum
- Grace period: up to 12 months*
*Including time required for equipment installation
Down payment: Minimum 20% of the assessed sales value of the equipment by the business entity (10% for locally produced equipment)
Necessary documents:
Business plan for loans larger than 200,000 manats;
Copy of TIN;
Copy of identity card;
Copies of documents on the place of business or property of the entrepreneur.
A copy of the equipment evaluation document;