Parabank presents new credit product to market

Parabank presents new credit product to market
# 10 October 2011 09:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. On December 3, 2011, Azerbaijan-based Parabank will celebrate 20th anniversary.

On the occasion of the anniversary, Parabank has presented new credit product titled “Yubiley” to customers. According to conditions of the “Yubiley” credit, the borrowers can use discount period up to 6 months. During this period, the borrower pays only the interests of the credit, the payment of the main debt begins from the 7th month.

Interest rate of the “Yubiley” starts from 1.7% for the period of 12-36 months, at the amount of AZN 10-100 thousand. Bank charges and other fees are calculated at 1%.

Remind that, Parabank has been in operation since 1991. It operates 16 branches across the country.
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