Initial installment
for new cars
- car price up to 30 000 AZN - 50% of the cost
- car price above 30 000 AZN - 40% of the cost
for used cars
- 80% of the cost
Term
For new cars manufactured in Iran, China and CIS countries: 1 - 48 months
For used cars manufactured in Iran, China and CIS countries: 1 - 24 months
For new and used cars manufactured in other countries: 1 - 48 months
Car production date till the end of loaning period:
Iran, China and CIS countries: 5 years
USA, Japan, Germany: 15 years
Other countries: 10 years
Service fee
0.2% of the loan amount (min. 20 AZN,
max. 1 000 AZN)
Annual interest rate
*12 - 20%
Annual interest rate for first and second hand car loans is *12 - 20%
Annual interest rate for cars purchased from partner auto-dealers of Xalq Bank is *12 - 17%
Requirements to the Borrower:
|
Age |
20 - 70 (by the end of credit payment period) |
|
Minimum length of service on the last job |
6 months |
|
Other requirements |
Positive credit history of the Borrower |
*Note:
Annual interest rate for cars purchased from Avtolüks Azərbaycan MMC is 10%-12%.
Car selling partners
- “Azərbaycan Automobiles” QSC (Volkswagen)
- “Auto Azərbaycan” MMC (Hyundai)
- "Auto Star Kaukasus” MMC (Mercedes-Benz)
- “Performance Center Co” LTD (Chevrolet,BAIC,JAC,LADA)
- “KİA MOTORS Azərbaycan” MMC (KİA)
- "Porche Bakı Mərkəzi" (Porche)
- “Toyota Bakı Mərkəzi” (Toyota)
- "NURGÜN MOTORS" MMC (Ford, Nissan, İnfinity, Renault)
- "Dream Auto MMC" (Audi)
- "REAL MOTORS" MMC (Seat)
- “Aztol Motors” MMC (“Volvo” və “Suzuki”)
- “Improtex Motors” MMC (BMW)
- “İnshaat Services” MMC (Haval, Great Wall)
- “Skaz Autohouse” MMC (Skoda)
- "Rotary MMC" (Mazda)
- “Yeni Motors” MMC (Honda)
- “Subaru Azərbaycan” MMC (Subaru)
- “Diamond Motors” MMC (“Mitsubishi”)
- “Cahan Motors” MMC (Opel)
- "Lexus-Bakı" MMC (Lexus)
- “Xəzər Lada” ASC (Lada)
- "Avtolux Azərbaycan MMC" (Ferrari, Aston Martin, Lamborghini, Alfa Romeo, Abarth, Land Rover, Jaguar, Fiat, Jeep, Dodge, Chrysler)
- “Azərbaycan Avtomobil Evi” MMC ( Changan)
To make decision about the issuance of the loan the Bank has right to request additional information, as well as the documents necessary for the confirmation of submitted information.