BAKU, Azerbaijan, November 14. In conditions of growing economic activity, banks in Azerbaijan provide citizens with a wide range of credit products, Trend reports.
Among the proposals of banks are options without commission, which in turn can be an attractive condition for most customers because the lack of commission reduces the additional costs for the borrower.
In addition, there are offers where the range of interest rates starts relatively low, which can be beneficial for borrowers looking for loans with low overpayments.
There is also a no-fee loan offer with a high maximum amount, which may attract customers in need of a larger amount of cash. Although the interest rate is higher, such a loan may be suitable for short-term financial needs, especially if the borrower plans to repay the loan quickly.
There are also offers with a low initial interest rate, which is highly beneficial for borrowers looking to minimize the cost of the loan. In addition, a flexible loan term and relatively low fees can make this offer favorable to a wide range of customers.
In general, the offers differ in terms of loan amount, interest rate, and fees, which gives potential borrowers a variety of choices depending on their financial needs and capabilities.
Potential borrowers should carefully familiarize themselves with the terms of lending and choose the bank most suitable for their financial needs. It is necessary to pay attention to possible commissions and rates, which may vary depending on the term of the loan and the amount.
The current offers are presented below:
|
Bank |
Loan amount, in manat |
Loan term |
Interest rate |
Commission |
|
ABB |
up to 40,000 manats ($23,529) |
up to 60 months. |
up to 10.9 percent |
0 percent |
|
AccessBank |
500-40,000 manat ($294-$23,529) |
6 to 48 months |
10-26 percent |
1-3 percent |
|
AFB Bank |
300-30,000 manats ($176-$17,647) |
3 to 48 months |
up to 11.99 percent. |
up to 0 percent |
|
ASB Bank |
500-30,000 manat ($294-$17,647) |
36 months |
13-19 percent |
1 percent |
|
Azər Türk Bank |
300-30,000 manat ($176-$17,647) |
3 to 48 months |
13.5-16.5 percent |
0-1 percent |
|
Bank Avrasiya |
up to 100,000 manat ($58,823) |
60 months |
up to 15 percent. |
1 percent |
|
Bank of Baku |
up to 50,000 manat ($29,411). |
3–59 months |
up to 12.9 percent |
0 |
|
Bank BTB |
up to 30,000 manat ($17,647) |
up to 48 months. |
up to 18 percent. |
up to 1 percent |
|
Bank Respublika |
500-50,000 manat ($294-$29,411) |
6 to 48 months |
up to 12 percent. |
1 percent |
|
Bank VTB |
300-40,000 manat ($176 - $23,529) |
3 - 59 months |
up to 10.99 percent |
0 percent |
|
Expressbank |
up to 40,000 manat ($23,529) |
up to 59 months |
up to 11.5 percent |
up to 0.5 percent |
|
Xalq Bank |
up to 35,000 manat ($20,588) |
48 months |
12 percent |
0.20 percent |
|
Kapital Bank |
up to 30,000 manat ($17,647) |
up to 59 months |
up to 10.9 percent |
0 percent |
|
Naxçıvanbank |
up to 30,000 manat ($17,647) |
up to 48 months |
16-19 percent |
1 percent |
|
Yelobank |
400 - 50,000 manat ($235 - $29,411) |
6 - 59 months |
up to 9.9 percent |
0.5-1.5 percent |
|
PASHA Bank |
- |
up to 48 months |
13.3-28 percent |
0-3 percent |
|
Rabitəbank |
up to 30,000 manat ($17,647) |
3 - 48 months |
up to 11.5 percent |
0 percent |
|
Turan Bank |
up to 500 manat ($294) |
up to 48 months |
up to 12.5 percent |
0-2 percent |
|
Unibank |
300 - 30,000 manat ($176 - $17,647) |
up to 60 м months |
up to 16 percent |
0 percent |
|
YapıKrediBank |
up to 300 manat ($176) |
up to 59 months |
12-15 percent |
1.65 percent |
|
Ziraat Bank |
up to 25,000 manat ($14,705) |
up to 36 months |
up to 17 percent |
1 percent |
The loan portfolio of Azerbaijani banks increased by 16.31 percent as of September 30, 2023 year-on-year and reached 22.2 billion manat ($13 billion).
In the structure of the banks' loan portfolio, the share of business loans amounted to 54.2 percent (12 billion manat, which is $7 billion, year-on-year growth by 12.04 percent), consumer loans - 29.98 percent (6.6 billion manat, which is $3.8 billion, year-on-year growth by 19.25 percent), mortgage loans - 15.82 percent (3.5 billion manat, which is $2 billion, year-on-year growth by 26.97 percent).