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Types and terms of loans

Our Bank offers different types of loan products to individuals. Persons working both at state and also large private enterprises, having stable financial position and positive credit history and cooperating with bank for a long time are preferred.

Auto loans

Loan amount: Up to the equivalent of 10,000 USD  (Loan is provided in manat)
Annual interest rate: 19 %
Term: up to 36 months
Collateral: Car
EAIR: (Effective Annual Interest Rate) 27,16%

Year of manufacture:
New and used cars in good condition with year of 2011

Note: Used cars (EU member countries, US and Korean –made cars)

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 60 years old
Driver's license

Bank service fee: 1 %

Territory:
Baku and Sumgait cities, Absheron district

Insurance:
The mortgaged property should be insured against losses, damages and 3rd parties’ loss and damages at the expense of loan applicant at one of the insurance companies accredited in the Bank.  

Loans with the pledge of gold and gold jewelry

Loan amount: Up to 5.000 AZN 
Annual interest rate: 23% - 25%
Term: Up to 24 months 
Collateral:

If the loan amount is up to 3000 AZN, in the ratio of 80 percent of the value of gold and gold jewelry;  
If the loan amount is from 3001 manat up to 5000 manat, in the ratio of 90 percent of the value of gold and gold jewelery; 
Collateral is kept in the bank. 

EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 23 years old
Maximum - 65 years old

Bank service fee: 1 %

Tuition fee loans

Loan amount: Up to 2.000 AZN 
Annual interest rate: 21% - 22%
Term: Up to 18 months
Collateral: By the guarantee of a natural person working at governmental and non-governmental organizations
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 40 years old
Maximum - 65 years old

Bank service fee: 1 % 

Loans for pensioners

Loan amount: Up to 5.000 AZN 
Annual interest rate: 19-21 %
Term: Up to 24 months 
Collateral:

If the loan amount is up to 3000 manat, by the guarantee of a natural person working at governmental and non-governmental organizations; 
If the loan amount is more than 3001 manat, by the guarantee of two natural persons working at governmental and non-governmental organizations.

EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - pensioner
Maximum - 70 years old

Bank service fee: 1 % 

Professional loans

Loan amount: Up to 5.000 AZN 
Annual interest rate: 22% - 24%
Term: Up to 24 months 
Collateral: If the loan amount is up to 2000 manat, by the guarantee of a natural person working at governmental and non-governmental organizations; 
If the loan amount is from 2001 manat up to 5000 manat, by the guarantee of two natural persons working at governmental and non-governmental organizations.
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 60 years old

Bank service fee: 1 % 

Working capital loans

Loan amount: Up to 2.000 AZN 
Annual interest rate: 24 %
Term: Up to 18 months
Collateral: By the guarantee of a natural person working at governmental and non-governmental organizations
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 60 years old

Bank service fee: 1 %

Note: A person who has implemented domestic and international money transfer from the bank at least twice in a month can apply. 

Colleague loan

Loan amount: Up to 5.000 AZN
Annual interest rate: 21 %
Term: Up to 24 months
Collateral:

If the loan amount is up to 3000 manat, by the guarantee of a natural person working at governmental and non-governmental organizations;

If the loan amount is 3001 – 5000 manat, by the guarantee of two natural persons working at governmental and non-governmental organizations. 

EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 23 years old
Maximum - 65 years old
For employees working in banks, NBCO, financial institutions

Bank service fee: 1 % 

Loan with real estate mortgage

Loan amount: The equivalent of 50.000 USD in manat
Annual interest rate: 20-21 %
Term: Up to 36 months
Collateral: Real estates in Baku and Sumgait cities and Absheron district (apartments, private houses and non-residential areas).
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 65 years old

Bank service fee: 1 %

Insurance:
The mortgaged property should be insured against losses, damages and 3rd parties’ loss and damages at the expense of loan applicant at one of the insurance companies accredited in the Bank.  

Note: Loan is provided in manat.

Loan with a pledge of money

Loan amount: Up to the equivalent of 400.000 USD in manat
Annual interest rate: 15 %
Term: Up to 36 months
Collateral: By blocking the monetary funds in current and deposit accounts in the bank, in the amount of 90% of those funds
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 65 years old

Bank service fee: 1 %

Note: Loan is provided in manat. 

Loans for law enforcement officers

Loan amount: Up to 5.000 AZN 
Annual interest rate: 22-24 %
Term: Up to 24
Collateral: If the loan amount is up to 3000 manat, by the guarantee of a natural person working at law enforcement authorities or  governmental and non-governmental organizations; 
If the loan amount  is from 3001 manat up to 5000 manat,  by the guarantee of two natural persons working at law enforcement authorities or  governmental and non-governmental organizations.
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 65 years old

Bank service fee: 1 % 

Loans for the employees of state organizations

Loan amount: Up to 5.000 AZN
Annual interest rate: 22-24 %
Term: Up to 24 months
Collateral: If the loan amount is up to 3000 manat, by the guarantee of a natural person working at law enforcement authorities or  governmental and non-governmental organizations; 
If the loan amount  is from 3001 manat up to 5000 manat,  by the guarantee of two natural persons working at  governmental and non-governmental organizations. 
By the mortgage of real estate at the request of loan applicant
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 62 years old

Bank service fee: 1 % 

Loans for the purchase of home appliances and furniture

Loan amount: Up to 5.000 AZN
Annual interest rate: 23-25 %
Term: Up to 24 months
Collateral: If the loan amount is up to 3000 manat, by the guarantee of a natural person working at law enforcement authorities or  governmental and non-governmental organizations; 
If the loan amount  is from 3001 manat up to 5000 manat,  by the guarantee of two natural persons working at  governmental and non-governmental organizations.
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 23 years old
Maximum - 65 years old

Bank service fee: 1 % 

Loans for the employees of educational and medical institutions

Loan amount: Up to 5.000 AZN
Annual interest rate: 22-24 %
Term: Up to 24 months
Collateral: If the loan amount is up to 3000 manat, by the guarantee of a natural person working at law enforcement authorities or  governmental and non-governmental organizations; 
If the loan amount  is from 3001 manat up to 5000 manat,  by the guarantee of two natural persons working at  governmental and non-governmental organizations.
EAIR: (Effective Annual Interest Rate) 27,16%

Requirements relating to loan applicant:
Minimum - 21 years old
Maximum - 65 years old

Bank service fee: 1 %