Bank of Baku

You are here: RETAIL BANKING Types of cash loans «YES» project

For the support to young executives and specialists

E-mail Recommended credit via SMS

Term and conditions «YES» campaign:
Participants of campaign: Government organizations and also private organizations with stabile financial position are participate in the project
Term Up to 18 months (the renewed demand line of credit in the first 12 months)
Credit amount Up to AZN  4000
Interest rate %26 annual
Age From 20 up to 35 years
Experience At least 6 months
Required documents:
    1. Identification card
    2. Reference
      Advantage of campaign:
      • Payment possibility only percent (only during 12 months)
      • In case of client will pay all debts on time (both principal amount and percentages), % 15 amount from paid percentages on credit is paid back to client.
      Example:

      Credit amount: AZN 1000
      Annual interest rate: %28
      Term (plastic card) 12 months


      In case of monthly payment only percentages on time, client will honor AZN 1000 * %28=AZN 280, %15 from paid percentages will be paid back to the client.
      280 – (280 * %15) = 280 – 42=AZN 238 consequently credit is dispensed to client in %23,8

      If credit payment is per month equally(repayment of the monthly sum and monthly percent), after the expiration 12 months the clientwill pay just 13,4%
      Last Updated on Thursday, 05 January 2012 11:08