Consumer loans
Amount: min. – 500 AZN maximum – 10.000AZN
Duration: min. 6 months max. 36 months.
Loan FIFD (actual annual rate): min. 23% max. 29%
Commission: 1%;
Payment method: Annuity order (in equal installments);
Guarantee: Ground floor;
Required Documents:
a) Borrower:
ID cards
Reference from the workplace about the borrower’s income
Extract from your bank account for the last 6 months
Other requirements:
The NRMP may require grounds and other types of assurance, depending on the Borrower’s monthly income and payments.
Business Loans
Micro loans
Amount: min. – 1000 AZN (or equivalent) max – 30.000 AZN (or equivalent)
Duration: min. 6 months max. 36 months.
Loan FIFD (actual annual rate): min. 22.5% max. 25%
Commission: 1% -2%;
Payment form: Annuity (in equal installments);
Collateral: Movable property, real estate, home appliances, or floor;
Required Documents:
Identity card (copy) and company package of documents (charter, registration documents, etc.) – copy
Documents confirming credit history
Small and medium loans
Amount: min. – 30,000 AZN (or equivalent) max – 500,000 AZN (or equivalent)
Duration: min. 12 months max. 60 months.
Loan FIFD (actual annual rate): min. 18.5% max. 25%
Commission: 1% -2%;
Payment method: Annuity order (in equal installments);
Collateral: Movable property or real estate;
Required Documents:
ID cards
Company package of documents (charter, registration documents, etc. – copy)
Copy of final reports submitted to tax authorities
Business-approval documents (business plan, balance sheet, income and expense, cash flow statement)
Documents for property offered as collateral (real estate / vehicles / equipment)
Car loans
Amount: min. – 5000 AZN (or equivalent) max – 30.000AZN (or equivalent)
Duration: min. 6 months max. 36 months.
Loan FIFD (actual annual rate): min. 18.5% max. 25%
Commission: 1 – 3%;
Payment method: Annuity order (in equal installments);
Security: Movable property;
Mortgage loans
Amount: min. – 10,000 AZN (or equivalent) max-100,000AZN (or equivalent)
Duration: min. 24 months max. 48 months.
Interest rate: min. 22% max. 28%
Commission: 1%;
Payment form: Annuity (in equal installments);
Security: Real Estate;
Agricultural loans
Amount: min. – 5000 AZN (or equivalent) max. 500.000AZN (or equivalent)
Duration: min. 6 months max. 60 months.
Interest rate: min. 16% max. 24%
Commission: 1%;
Payment form: Annuity (in equal installments);
Security: Real Estate;