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Automobile Loan

If 1 (one) year has passed since the production date of the car you want to buy, then you can order a car loan by following the listed conditions.

Getting a car loan from Rabitəbank on favorable terms is now even easier.

Required Documents:

  • Valid identification document
  • Official proof of income (employment certificate, electronic income certificate, or salary account statement)
  • Age requirement: 22–65 years (the borrower must not be older than 65 at the loan maturity date)
  • Taxpayer Identification Number (TIN)

Vehicle Requirements:

  • Car loans are available only for passenger vehicles (up to 7 seats)
  • At the time of loan issuance, the vehicle must not be older than 5 years from its manufacturing date
  • Special conditions apply to vehicles that are no more than one year old from the date of manufacture

Loan Collateral Requirements:

  • The vehicle must be insured under a CASCO (comprehensive insurance) policy for the full loan amount and for the entire loan term
  • The vehicle must be registered as collateral with the State Traffic Police authority

Credit Term

Up to 36 Months

Currency

AZN

Age Limit

22-65 Years

Initial Payment
  • Regardless of the price, if the production date is 3 (three) years or less at the time of the loan approval for electric motor vehicles - the KTN coefficient is 90%, and if it is more than 3 (three) years - the KTN coefficient is 60%;
  • Regardless of the price, if the production date is 1 (one) year or less at the time of the loan approval for hybrid motor vehicles - the KTN coefficient is 80%, if it is more than 1 (one) year and 3 (three) years or less - the KTN coefficient 60%, and if it is more than 3 (three) years - the KTN coefficient is 50%;
  • If the production date is 1 (one) year or less at the time of loan approval for motor vehicles that do not belong to Clauses 1 and 2 of this Condition - the KTN coefficient is 60%, more than 1 (one) year and 3 (three) years and or if it is less than that - the KTN coefficient is 50%, and if it is more than 3 (three) years, the KTN coefficient is 40%.

Interest Rate
  • 3-12 months - 16 %
  • 13-24 months - 18%
  • 25-36 months - 19%

Commission

1%

Payment Schedule

Annuity

Actual annual interest rate

 min.17,93%-max.19,73%

Other loans

Cash loan
  • Annual interest ratefrom 9.5%
  • Period59 month
Order
Special loan offer from Rabitabank!
  • Annual interest ratefrom 9.5%
  • Termup to 59 months
Order