Azerbaijan, Baku, Oct.11 / Trend /
Non-bank credit organization TBC Kredit reduced interest rates for customers re-applying for unsecured credit "Urgent Money" by two percent, the organization said.
The new interest rate for such clients ranges from 22 percent per annum. The customers, who closed the loan, as well as customers using the company's services at present can appeal for the product on the new rates, if the remaining amount on the current loan amounts to no more than 25 percent at the time of filing a new application.
According to the company, unsecured loan "Urgent Money" provided by TBC Kredit for any purposes (travel, wedding, purchase of furniture and equipment), is in great demand among the population. The maximum amount of this loan is 5,000 manat, the loan is granted for a period of 18 months and issued in two days.
Non-bank credit organization TBC Kredit has been operating in Azerbaijan since 1999. Since December 2007, the leading Georgian bank TBC Bank owns about 75 percent and 25 percent - ShoreBank International Ltd.
Oct.11 24, the official exchange rate is 0.8020 manat to $1.