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NBC Bank offers new conditions on business credit

NBC Bank offers new conditions on business credit

28 June 2012 13:45 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based NBC Bank offers new conditions on business credit.

Bank says maximum sum for small business credits can be AZN (USD, Euro) 10,000. Up to AZN (USD, Euro) 5,000 will be without pledge, up to AZN 7,500 â€“ without pledge for clients having positive credit history.

Along with this, the repeat customers will be given up to AZN 10,000 credit without pledge with the annual interest rate of 15.8%-18.2% for 24 months.

Sum of medium business can be AZN (USD, Euro) 10,001-500,000. The credit will be given on the basis of pledge for 36 months with the annual interest of 10-15.8%.

â€œItâ€™s no necessary guarantee of third person for pledged small and medium business
credits. About credits without pledge, it needs reference and a guarantorâ€.

Remind that, NBC Bank has been in operation since 1992.

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