Bank of Azerbaijan offers various types of loans to its client. Priority is given to clients with long record of cooperation with the bank, who have stable financial stand and positive credit history, as well as provide liquid collateral.

Conditions of lending for individual entrepreneurs:

1. Borrower – entrepreneur – should be client of the bank for a period of not less than 6 months;
2. Track rrecord of operations in the same sector for at least 12 months;
3. Not loss-making;
4. Collateral twice as much as the loan amount;
5. Ability to timely repay the principal amount and interest both from revenues from major area of operations, as well as from other revenues of the entrepreneur;
6. Conformity of the submitted documents with existing legislation.

Clients meeting these requirements may come to the bank to fill in the loan application form. After which credit officers will interview the applicant. Final decision on whether to grant a loan or not will be taken by the authorized department of the bank after review of the submitted documents.

List of documents submitted by the individual entrepreneur:
1. Application;
2. Letter to the chairman of the bank;
3. Copy of entrepreneur’s ID;

4. Sample signature;
5. Certificate from the employer (with indication of salary, position, years of service)
6. Certificate from the place of residence;;
s9. Copy of audit report (if annual turnover is more than 2.5 billion manat);
10. Copy of tax declaration for the most recent reporting period;
11. Statement of account balances and debt in other banks;
12. Documents confirming the purpose of the loan;
13. Certificate (duplicate) from the tax inspectorate for opening loan account;
14. Special permit (license) if needed.