Consumer Loans intended for individual purposes |
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Citizenship | Azerbaijan citizens; | ||
Citizens of the Republic of Turkey who have permission to live and work, whose main workplace is in Azerbaijan can apply for the loan. | |||
Age | Minimum age for the loan is determined as 22 years. Closing date of the loan must not exceed the retirement age of the loaner. | ||
Maximum Amount | 250 000 AZN (loans in foreign currency can be issued only to applicants with the equivalent of this amount and income in foreign currency) | ||
Annual interest rate | For credits in AZN from 16 % | ||
For credits in foreign currency from 8% | |||
Maximum duration | Up to 48 months (Note: maximum term for citizens of the Republic of Turkey should be +12 moth to expiration date of temporary residence permit) | ||
Payment condition | Annuity ( different repayment condition can be applied only for loans secured by cash) | ||
Income requirements | minimum salary 1500 AZN | ||
Commission | 1% | ||
Insurance requirement | Life insurance | ||
Collateral conditions for the loan amount | ≤ 25 000 AZN (or the foreign currency equivalent) | 1 individual guarantee and / or real estate collateral and / or cash collateral and / or precious / bank metal collateral | |
25 000 AZN-50 000 AZN (or the foreign currency equivalent) | 2 individual guarantee and / or real estate collateral and / or cash collateral and / or precious / bank metal collateral | ||
≥50 000 AZN (or the foreign currency equivalent) | real estate collateral and / or cash and / or precious / bank metal collateral |