Finance

Home page

Finance

Unibank softens conditions on auto credits

24 February 2012 13:23 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijan-based Unibank softened the auto credits by extending the production date of foreign-produced cars up to 2002. According to bank, down payments for most type of cars makes 30% of its prices and annual interest rate starts from 16%.

Crediting period of used cars may be 1-3 years. Interest rates change depending on volume of down payment and crediting period. Besides, the costs on insurance of purchased cars can be added to the sum of auto credit. Client must present ID and driving licence.

Unibank increased the auto crediting by 34% to AZN 89.5 mln.