Consumer Loans intended for individual purposes

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