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Azerbaijan : AZERBAIJAN banks open cross-crediting of bank employees

June 25, 2014

According to OJSC Az?r-Turk Bank it has started lending to employees of the Central Bank of Azerbaijan, non-bank credit institution FINCA Azerbaijan and other banks.

The Bank said, The interest rate on these loans starts from 15%, period from 36 months, and the size of the loan is up to AZN 50,000. Such lending will be carried out on a regular basis.

Az?r-Turk Bank conducts its own mortgage program at a rate of 10%, offers car loans at a rate of 14%, refinances other banks loans at a rate starting from 16%, and even offers family, travel and consumer loans at a rate from 18%.

The Bank is ready to give a business loan at reasonable rates in the amount of up to AZN 1 million and refinance loans of entrepreneurs at low rates.

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Source: TendersInfo (India)

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