Loan amount
With the guarantee of individuals: 500 - 20 000 AZN
With the pledge of personal property: 500 - 100 000 AZN
With the pledge of real estate: 500 - 100 000 AZN
Annual interest rate
With the pledge of personal property/real estate: 12 - 16%
With the guarantee of individuals: 12 - 16%
Service fee
0.2% of the loan amount (min. 20 AZN,
max. 1 000 AZN)
Collateral
Guarantee of physical / legal persons
Pledge of personal property / real estate
Repair loans conditions are as following:
|
Collateral |
Guarantee |
Interest rate |
Amount AZN (max.) |
| Unsecured renovation loan by Xalq Bank OJSC |
- |
14 - 16 |
5 000* |
|
Renovation loan issued under the guarantee of physical and legal persons |
Guarantee |
12 - 16 |
20 000 |
|
Renovation loan loans issued with real estate collateral |
Real estate |
12 - 16 |
150 000 |
|
renovation loan issued with automobile collateral |
Automobile |
12 - 16 |
150 000 |
* The maximum amount is 3 000 AZN.in the regions of the country except branches located in Baku,Ganja and Sumgayit cities.
Requirements to the Borrower and the Guarantor:
|
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 |
Whenever guarantor is a legal entity, money turnover on all current accounts of the guarantor for the lasr 12 months must not be less than 15 000 AZN in a quarter.
Required documents:
Documents submitted by the Borrower and Guarantor – an individual
- Application for a 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 the 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).
Documents submitted by the Guarantor - a 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 the documents necessary for the confirmation of submitted information.