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Bank Respublika simplifies terms on business lending

Bank Respublika simplifies terms on business lending

26 July 2013 13:34 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Bank Respublika has reduced commission fees to create useful conditions for development of private sector and comfort of small and medium business entrepreneurship.

According to APA-Economics, not the commission fee for small and medium business loans is 1%, maximum sum of the loan – AZN 300,000, annual interest rate – 22%.

Moreover, the clients receiving loan from Bank Respublika can get 2%-discount on annual interest rate depending on concrete credit application.

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