Azerbaijan, Baku, April 25 / Trend /
The Azerbaijani non-bank credit organization TBC Kredit has improved the conditions for auto loans.
"One can buy any car, new or used, on a credit with no initial payment and insurance, if the loan term is up to 3 years," the company said.
The maximum loan amount is 50,000 manat for five years. The annual interest rate is 18-19 percent.
TBC Kredit has operated in Azerbaijan since 1999. About 75 percent of the company is owned by the leading Georgian TBC Bank and 25 percent by ShoreBank International Ltd.
The official exchange rate is 0,7915 manat to $1.