Tuesday
Apr262011
Azerbaijani non-bank credit organization improves conditions on auto-loans
Tuesday, April 26, 2011 at 9:58AM Azerbaijan, Baku, April 25
The Azerbaijani non-bank credit organization TBC Kredit has improved the conditions for auto loans.
"One can buy any car, new or used, on a credit with no initial payment and insurance, if the loan term is up to 3 years," the company said.The maximum loan amount is 50,000 manat for five years. The annual interest rate is 18-19 percent.
TBC Kredit has operated in Azerbaijan since 1999. About 75 percent of the company is owned by the leading Georgian TBC Bank and 25 percent by ShoreBank International Ltd.
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