Baku - APA-Economics. Bank VTB (Azerbaijan) holds an auction on reduction of annual interest rates for unsecured cash loans up to AZN 11,000. .
Bank says the auction will last till August 1, 2014.
Within the auction, the annual interest rate has been reduced by 2 points. Thus, ever one can receive cash loans under the annual interest rate of 26% through submitting reference and ID card. Minimum amount of the loan is AZN 300, term – in the range of 6-36 months.