Initial installment
for new cars
- car price up to 30 000 AZN - 50% of the cost
- car price above 30 000 AZN - 40% of the cost
for used cars
- 80% of the cost
Term*
For new cars manufactured in Iran, China and CIS countries: 1 - 48 months
For used cars manufactured in Iran, China and CIS countries: 1 - 24 months
For new and used cars manufactured in other countries: 1 - 48 months
*Car production date till the end of loaning period:
Iran, China and CIS countries: 5 years
USA, Japan, Germany: 15 years
Other countries: 10 years
Service fee
0.1% of the loan amount (min. 10 AZN,
max. 1 000 AZN)
Annual interest rate
20 - 28%
Annual interest rate for first and second hand car loans is 25 - 28%
Annual interest rate for cars purchased from partner auto-dealers of Xalq Bank is 17 - 19%
Requirements to the Borrower:
|
Age |
Women: till 65 years Men: till 65 years |
|
Minimum length of service on the last job |
6 months |
|
Other requirements |
Positive credit history of the Borrower |
Note:
Annual interest rate for cars purchased from Avtolux Azerbaijan LLC is 17%.
Car selling partners
- “EURO STYLE LTD (Volkswagen)
- “Auto Azərbaycan” MMC (Hyundai, Jeep, Chrysler, Peugeot)
- "Auto Star Kaukasus” MMC (Mercedes-Benz)
- “Performance Center Co” LTD (Chevrolet)
- “KİA MOTORS Azərbaycan” MMC (KİA)
- "Porche Bakı Mərkəzi" (Porche)
- “Toyota”, “Avtolada” (Çin və MDB ölkələri istehsalı olan avtomobillər istisna olmaqla hər hansı markalı avtomobillər)
- “Toyota Bakı Mərkəzi” (TOYOTA)
- "NURGÜN MOTORS" MMC (Ford, Nissan, İnfinity, Renault)
- "EUROPEAN CARS" MMC (Audi)
- "REAL MOTORS" MMC (Seat)
To make decision about the issuance of the loan the Bank has right to request additional information, as well as the documents necessary for the confirmation of submitted information.