{"id":1658,"date":"2022-11-16T13:20:58","date_gmt":"2022-11-16T13:20:58","guid":{"rendered":"https:\/\/qafqazkredit.az\/?page_id=1658"},"modified":"2024-07-08T18:04:44","modified_gmt":"2024-07-08T14:04:44","slug":"umumi-istehlak-kredti","status":"publish","type":"page","link":"https:\/\/qafqazkredit.az\/en\/umumi-istehlak-kredti\/","title":{"rendered":"Renovation-construction loan"},"content":{"rendered":"
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NBCO \"Caucasus-Credit\" LLC requires pledge of movable or immovable property, a gurantor, depending on the loan amount, for the security of loans under the Renovation-construction loan product. <\/strong><\/p>\n\n\n\n

Purpose of renovation-construction loan<\/h1>\n\n\n\n

Meeting the needs of acquisition, construction or repair of real estate to improve living conditions<\/strong><\/p>\n\n\n\n

Terms of renovation-construction loan<\/h1>\n\n\n\n
Loan security:<\/strong><\/td>Guarantee, pledge of movable\/immovable property<\/td><\/tr>
Commission fee:<\/strong><\/td>There is no<\/td><\/tr>
Loan amount:<\/strong><\/td>AZN 5000-20000<\/td><\/tr>
Annual interest rate:<\/strong><\/td>27,41% – 28,69%<\/td><\/tr>
Effective annual interest rate (APR):<\/strong>:<\/td>29%<\/td><\/tr>
Loan term:<\/strong><\/td>12-48 months<\/td><\/tr><\/tbody><\/table>
In order to benefit from Renovation-construction loan product, a minimum of 6 months of official work experience or, if you are an individual entrepreneur, the presence of an active TIN and sufficient income, no delinquencies in your credit history, as collateral for a loan order of more than 500 manats a guarantor or a pledge of property, a group guarantee for group loans, a valid ID card, proof of income, current bank account are required.<\/em><\/strong><\/figcaption><\/figure>\n\n\n