Bank of Baku

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Loan for education

Loan conditions
Applicant: Student of Azerbaijan Diplomatic Academy (or paramount relatives of the student)
Place of registration of the applicant: Regions and cities presented by Bank branches
Amount: For education in Azerbaijan Diplomatic Academy:
Minimum amount 150 AZN.
Maximum amount:
a) for bachelor:
- if education in english - 11000 AZN.
- other languages - 8500 AZN.
b) for master - 8500 AZN.

For other payments:
Minimum amount: 150  AZN;
Maximum amount
a) for bachelor:
- if education in english - 41500 AZN.
- other languages - 33000 AZN.
b) for master - 17500 AZN.
c) for education in internship: 150 - 3000 AZN.
(Credit for other payments charge on plastic card MC Standard or Visa Classic.)
Interest rate:
  • Interest on credits diverted to education payments is 5% annual.
  • Interest on credits diverted within the bounds of project for personal needs is 12% annual.
  • For education in internship is 5% annual.
Prepayment:
  • For education in Azerbaijan Diplomatic Academy: min. 15%.
  • For education in internship initial contribution is not provided.
Term:
  • For education in Azerbaijan Diplomatic Academy: from 3 months till 12 years.
  • For education in internship: from 3 months till 5 years.

For education in Azerbaijan Diplomatic Academy: 
Minimum term - 3 months;
Maximum term: 
а) for bachelor:
- if education in english - 15 years.
- other lang. - 14 years.
б) for master -  12 years.
в) for education in internship: from 3 months till 5 years
Method of payment: Anniutet ( it is possible only with percent payment during education term if it is not exceeding:  
a) for bachelor:
- 60 months for education in english
- 48 months for education in other languages
b) 24 months for master
Required documents:
  1. Identification card of debitor.
  2. The reference from a residence of debitor (and student's, if student himself is not the debitor).
  3. Birth certificate of debitor (student).
  4. The Student's card and satisfactory book (or substitute documents).
  5. Copy of contract on payable education.
  6. Invoice given out of ADA.
  7. Extract of register of centralised credit of the Central Bank.
  8. reference for obtaining credit.
  9. İnquiry of education in the academy
  10. Reference from dean's office about a passing examinations in current semestre"
Guarantee: It is defined depending on the credit sum
Commissions:
  • Commission for execution of education credit in ADA: - 1.2% (min. 15 AZN)
    Commission for plastic card diverted to other expences: (14 AZN for 2 years plastic card)
  • Commission for payment of loan diverted to education in internship:
    for execution of credit - 1,2% (min. 15 AZN)
    commission for cash in - 1% (min. 5 AZN)
Insurance agencies and tariffs:
 According to tariffs of insurance campaign "Atashgah"


At delay of payment with 11 till 90 days the fee in size 1% from credit sums (a minimum 0.50 AZN) is charged

Last Updated on Friday, 21 October 2011 08:21