Small-sized consumption loans

Small-sized consumption loans

ApplicantsEmployees of state-owned enterprises and the private sector 
Maximum sum of loan: AZN 5 000 (equivalent  in USD)
Maximum term of loan: 
Up to 18 months

Annual interest rate

29%


Loan collateral
  • 1 guarantor (individual) for loans up to AZN 2000
  • 2 guarantors (individual) for loans from AZN 2001
Place of registration of borrowers and guarantorsAll regions of Azerbaijan Republic
Age requirement for borrowers and guarantorsAge of borowwers should not exceed 63 years by the expiration date of the loan.
RepaymentAnnuity (monthly equal installments) 

Requirement for monthly income
Monthly principal and interest payment cannot exceed 60% of the monthly net income of the borrower/group of borrowers as well as of the guarantor. Monthly net income means the income that is left after the income tax and payment to the State Social Protection Fund are deducted from one's salary
Applicant's and guarantor's workplaceLoans can be issued to individuals working only in state enterprises and organizations as well as in highly-ranked private enterprises and organizations 
Comissions
Cash - 1% of the loan amount  

Insurance
In loans that are issued without the involvement of a guarantor, the borrower's (new and repeat borrowers) life has to be insured.   
Working hours:
Mon. - Fri. (9:00 - 18:00)
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