Automobile Loan

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

Starting from 16.72%