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Unibank simplifies terms on consumption loans

Unibank simplifies terms on consumption loans

06 June 2012 13:07 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Unibank starts to give near AZN 2,500 cash consumption loan without pledge and guarantee.

Bank says itâ€™s already possible to receive manat credit from banks for 24 months.

Biennial payments for loan cause to decrease the sum of payments significantly. IN this time, sum of the credit is determined depending on monthly income of borrower and this can make AZN 300-5,000. Besides, the requirement for work experience decreased from 6 months to 3 months. New conditions were also applied in ALKart credit lines.

Annual effective interest rates on Baku and Sumgayit make 16-17%. In other regions, these rates are 18-19%.

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