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Parabank introduces new credit product to market

Parabank introduces new credit product to market

03 October 2011 14:19 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. In connection with the 20th anniversary, Parabank presents ’gift’ credit to customers.

While receipt of the loan, during the first 2 months Parabank gives interests to customers as a gift: â€œWithin two months, the client does not pay anything to the bank. Payments on the loan begin from the third month. Bank charges and other fees are calculated at a rate of 2%â€.

â€œGiftâ€ credit is issued from October 15 to December 30, based on the terms of consumer and agricultural loans. Loans are granted for a period of 12-36 months at a rate of AZN 10-100 thousand, the minimum under 1.7% per month.

Remind that, Parabank has been in operation since 1991.

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