- Cash loans conditions
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Terms of documentation for cash loan Applicant For workers of goverment and big private companies Amount 300-3000 AZN Interest rate 32%per annum Term 3-12 months Place of registration of the applicant All regions of Azerbaijan Republic Working experience - Minimum 3 months for inhabitants of the regions presented by branches of bank
- Minimum 24 months for inhabitants of the regions which have been not presented by branches of bank
Age of the applicant 20 – 65 years Method of payment in monthly installments (in equal monthly amounts) Required documents 1. identification card
2 . referenceGuarantee If the loan amount exceeds 2000 AZN / 2500 USD the third party guarantee is required Requirements to the guarantor 1. identification card
2 . referenceService fee if duration of the loan is 1 year - 5% from line of credit
For employees of small organizations and private companies credit is issued for a 1 year with an interest rate of 34% (36%) per annum. Maximum loan of amount is 1000 USD. - Terms of documentation for credit card
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Terms of documentation for credit card Applicant Employees of government institutions and large private companies Registration of applicant Registration in Azerbaijan Republic Applicant's age 20-70 age Experience - Requirements for experience of applicants with residence of regions represented by branches of bank is minimum 3 months.
- Requirements for experience of applicants with residence of regions which are not represented by branches of bank is minimum 24 months.
Duration of credit 24-36 months Credit amount 300 - 3000 AZN
If duration of loan is 2 years amount of loan can be maximum 3 times of wages (not more than 3000 AZN)
If duration of loan is 3 years amount of loan can be maximum 5 times of wages (not more than 3000 AZN)Interest rate For customers with regular credit history:
30% per annum in the first half period.
34% per annum for loan amount that remains in the second half term
For customers with positive credit history:
28% per annum in the first half period.
32% per annum for loan amount that remains in the second half termType of Credit Card Visa Classic
Visa GoldUrgent order of Card 15 AZN Required documents ID card
Reference / Certificate of pension (required if the client changed his place of work or retired)Commission If duration of loan is 24 months credit card is issued for 12 months. Fee for cards and for annual maintenance:
Visa Classic - 20 AZN
Visa Gold - 30 AZN
for maintenance of credit line-2%
If duration of loan is 36 months credit card is issued for 18 months. Fee for cards and for annual maintenance:
Visa Classic - 35 AZN
Visa Gold - 55 AZN
for maintenance of credit line-3%Type of payment In the first half of oan term (validity period), customer may pay only monthly interest. The remaining amount of loan will be repaid in equal payments of an annuity during the second half of term. Advantages of credit Revolving credit line in the first half of loan term.
Ability to pay remainder of the loan in the second half period in equal installments.
Fine for delay in payment of credit from 11 for 90 day of non-payment is charged daily at a rate of 1 % (a minimum 0.50 AZN) from credit sum.