Loan amount
With the guarantee of individuals: 500 - 20 000 AZN
With the pledge of personal property: 500 - 150 000 AZN
With the pledge of real estate: 500 - 150 000 AZN
Term
1 - 60 months
Annual interest rate
With the guarantee of an
individual/ legal entity: 60 month - 11%
With the pledge of a car: 48 month - 11%
With the pledge of real estate: 60 month - 11%
Service fee
0.2% of the loan amount (min.20 AZN,
max.1 000 AZN)
Collateral
Guarantee of individual/ legal entity
Pledge of personal property/ real estate
Education loans in the regions have following conditions:
|
Collateral |
Guarantee |
Interest rate |
Amount AZN (max.) |
|
Consumer loans issued under the guarantee of physical and legal persons |
Guarantee |
11 |
10 000 |
|
Consumer loans covered by collateral on immovable property |
Immovable property |
11 |
20000 |
Requirements to Borrower and Guarantor:
|
Age |
20 - 70 (by the end of credit payment period) |
|
Minimum length of service on the last job |
6 months (the loan may be issued on the student name as well as on parents name) |
|
Other requirements |
Positive credit history of the Borrower |
* Valid maximum term of the car release date at the end of the loan period:
Cars produced in Germany, Japan and the United States - 15 years;
Cars produced in other countries - 10 years
Documents submitted by the Borrower and Guarantor – individual:
- Application for loan (in a form approved by the Bank);
- ID of the Borrower and Guarantor;
- Certificate of earnings (for the Borrower and Guarantor):
- reference from the employer, with indication of position and salary for the last 6 months (month-by-month);
- for entrepreneurs: copy of certificate of registration in the State bodies and tax declaration for the last 2 quarters; - Document about military service (or exemption from military service) (if the Borrower is a man);
- The Agreement with the University and invoice;
- Documents related to the collateral.
Documents submitted by the Guarantor - legal entity:
- Certificate of state registration of legal entity in the State bodies;
- Charter of the legal entity;
- Statement of accounts for the last 12 months (month-by-month).
To make decision about the issuance of the loan the Bank has right to request additional information, as well as documents necessary for the confirmation of submitted information.