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. |
| 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 |
