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Joint Leasing reduces interest rates on leasing services

29 October 2012 12:19 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. In order to make terms of leasing terms, Azerbaijan-based Joint Leasing has reduced interest rates on leasing financing.

According to new terms, financial means on leasing operations for clients, whose initial payment is above 35%, will be offered with 17% per annum. Earlier, interest rates made 18-20% depending on lease amount. New interest rates will come to force from November 1.

At present time, it is possible to lease commercial real estate, construction equipment, medical equipment, all types of agricultural equipment, production lines, freight and passenger cars at Joint Leasing Co. Joint Leasing is ready to fund big business projects demanding serious financial support.

As of October 1, 2012, companyâ€™s leasing portfolio made AZN 35.231 mln. During January-September of 2012, 34 new projects were financed by the company. So, the number of projects, financed by Joint Leasing reached 191.

Joint Leasing was established on June 14, 2007, on the basis of AzerLeasing.