A credit line can be opened:

1. For holders of Bank of Azerbaijan deposit accounts a credit line can be opened under the payment card for an amount of up to 50% of the amount of the deposit;
2. For other individuals.

Loan Requirements:

1. Loans are provided to residents permanently registered in Baku, Sumgayit or in other towns where Bank of Azerbaijan has a branch; and for non-residents who have work permits;
2. The loan is provided for a period of up to 6 months for non-residents and up to 36 months for non-residents. For owners of deposit accounts, a credit line is provided for a period up to the end of the deposit agreement;
3. A credit line is provided at a 24% annual interest rate;
4. The borrower should repay on a monthly basis interest on the outstanding amount; the principal amount is repaid at the end of the credit agreement.

Documents required:
1. Copy of the borrower’s ID;
2. Letter from the employer (with indication of salary and position)
3. Borrower’s sample signature;
4. Application (Form №2);
5. Letter of Request;
6. Other documents related to the loan.

Types of collateral and guarantees:

• Letter from Guarantor with indication of employment and salary;
• Securities;
• Deposit at the bank;
• Guarantees provided by banks, credit and insurance organizations.