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FINCA Azerbaijan reduces loan rates

FINCA Azerbaijan reduces loan rates

24 February 2012 08:08 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Non-bank credit institution FINCA Azerbaijan has reduced rates for all types of loans.

Coordinator on special projects of the organization Zaur Nurmammadov says FINCA Azerbaijan has lowered interest rates depending on the type of loan from 3% to 6.6%.

Along with the reduction in interest rates, commissions have also been reduced up to 2% per month: â€œThese changes are made to improve the quality and transparency of services provided to clientsâ€, said Nurmamedov.

Remind that, FINCA Azerbaijan was established in 1998. It has 29 branches and 34 offices across the country.

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