Azerbaijan, Baku, Oct. 20 / Trend /
Azerbaijan's Parabank strives to surprise Azerbaijani entrepreneurs with its new product "Partner", the bank reported today.
This loan is issued on the base of business expense by GAF credit line.
Based on the new tariffs, loans by GAF credit line are issued, maturing up to 12 months at 18% per annum (for circulating assets) and from 24 to 36 months at 21% per annum (for fixed assets). Grace period for all loans despite of term is up to 3 months.
Now customers issuing loans by GAF are free from commissions charged for bank expenses, evaluation, insurance, cash operation, and also loan analysis.
The official exchange rate is 0.7870 manat to $1 on Oct. 20.