Xalq Bank provided an opportunity for interest-free loan

Baku. 20 February. REPORT.AZ/ Xalq Bank JSC provided an opportunity for the credit card owners to take advantage of interest-free credit line for up to 35 days. Amount of credit line depends on the type of card and set within 500-25000 manats. Report informs referring to the bank, the loan is given in manats and in dollars and euros.

According to the information at redemption of loan amount until the 5th day of the next calendar month, the loan interest is not charged.Thus, the period of interest-free credit is a maximum of 35 days.In the case of non-payment of debt by the 5th of the next month, the next day to the amount of the remaining debt shall bear interest at the rate of 20-24% per annum.