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Unibank holds new crediting auction

Unibank holds new crediting auction

14 December 2011 14:00 (UTC +04:00)

Baku. Elnur Huseymguluyev â€“ APA-Economics. Azerbaijan-based Unibank holds new â€œInterests as giftâ€ auction for corporative clients and entrepreneurs.

Bank says the value of business loans reduced on the account of interests not to be paid by clients during first month. No interests will be accounted for the entrepreneurs and corporative clients applying on all credit programs from 01.12.2011 to 31.01.2012 during first month.

Terms of auction concern all types of business loans, as well increase of circulation funds, acquiring of main funds, purchase of goods, involved funds for payment of services, implementation of liabilities on important transactions. Additional commission fees and or procedures including other costs were not considered. Annual interest rate starts from 18%. Lending term is 1-4 years, sum of credits â€“ AZN 20-500,000.

Remind that, Unibank has been in operation since 1992.

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