In June 2019, Azerbaijan-based some banks reviewed interest rates on consumption and business loans, one bank started lending with the pledge of precious metals.
According to Report, Rabitabank raised interest rates on cash loan from 22% to 24%, Expressbank increased the interest rates on loans for small and medium entrepreneurship from 14% to 15%. Interest rates on microloans at Unibank were reduced from 20% to 17%, NBC Bank started Lombard lending.
The lowest interest rate on cash loans is at AFB Bank, and Unibank provides the highest rate.
Car loans - NBC Bank **down** Xalq Bank **up**
Loan for repair – Bank Nikoil **down** Xalq Bank, Accessbank **up**
Lombard credit – AmrahBank **down** Mugan Bank **up**
Mortgage loans – Turanbank **down** Accessbank **up**
Education loans – Xalq Bank **down** Bank Respublika, Turanbank **up**
Loan for pensioners – Turanbank, Bank Melli Iran **down** IBA**up**
Microloans - Bank Respublika **down** Bank of Baku **up**
Loans for small and medium business - AG Bank **down** AFB Bank **up**
Agro credits - Nakhchivanbank **down** Bank of Baku **up**
Detailed information is available below: