Consumer Loans intended for individual purposes
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.
FİFD min. 12.9%
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 precious
≥50 000 AZN (or the foreign currency equivalent) - real estate collateral and / or cash and / or precious
Up to three times the monthly net income in loan applications where the ratio of the sum of the monthly payment amount of the new loan and the monthly sums of the customer's existing and guarantor obligations to the total monthly net income does not exceed 30%, and up to two times the monthly net income if the said ratio is in the range of 35% - 45% offered without guarantee
When you take out a consumer loan, we recommend obtaining life insurance to protect your family from debt in the event of an accident or illness (death or loss of working capacity).
Brief information about the borrower's life insurance:
This type of insurance is applied to individuals as voluntary insurance against the borrower's death or loss of working ability. The insurance coverage provided under this type may vary depending on the conditions applied by the insurer chosen by the borrower.
If the insurance contract is valid and an insured event occurs (death or loss of working capacity of the individual), the insurer pays the loan balance to the bank within the conditions specified in the insurance contract.
To review the insurance terms and conditions, please follow the link: https://e-qanun.az/framework/56958