International Bank of Azerbaijan lowered interest rates on loans

Baku. 10 September. REPORT.AZ/ International Bank of Azerbaijan Republic (IBAR) has taken another step in the direction of lower interest rates on consumer loans in line with the new business strategy. Interest rates offered by the bank to customers decreased to 19% per annum.

Report informs referring to the bank, reduction applies both to customers with salary and pension cards of IBAR, and for the credit products provided for new clients.

Loans are granted for a period of 12-36 months. The loan amount and the interest rate determined depending on the type and term of the loan. So, for the owners of salary and pension cards of IBA maximum amount of 15 thousand manats for new customers 10 thousand manats. Ccommission for the loan is 1%. Loans are granted in all branches of the IBAR.