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TBC Kredit reduces annual interest rate on ‘Urgent Money’

Business Materials 6 December 2010 13:17 (UTC +04:00)

Azerbaijan, Baku, Dec. 6 / Trend /

Azerbaijan's non-banking credit organization TBC Kredit announced a "-2 percent" campaign on "Urgent Money" unsecured loans, the organization said.

Loan applicants can receive a special New Year's gift as part of the campaign - two percent off on their annual interest. The minimum loan rate is 20 percent per annum. The campaign will run from Dec. 6 to 31.

The "Urgent Money" unsecured loan is provided for any purpose - travel, weddings, furniture or equipment - and is in great demand among the population. The maximum loan amount is 5,000 manat. The loan is granted for 18 months and issued in two days.

TBC Kredit has been operating in Azerbaijan since 1999. Since December 2007, the leading Georgian bank TBC Bank has owned about 75 percent in the organization. A 25-percent share is owned by ShoreBank International Ltd.

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