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Parabank offers lombard loan to customers

Parabank offers lombard loan to customers

02 November 2011 07:54 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Parabank offers Lombard loan to its customers.

This loan is presented on the basis of provision of luxury goods. In case of need for emergency money, the customers can put valuable things in pledge and use Lombard loan.

Lombard loan is given for a period of 6-36 months. The interests are calculated not from the entire amount of loan, but on the remaining debt.

Remind that, Parabank has been in operation since 1991. It operates 16 branches and 1 department across the country.

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