Real estate secured business loan
Want to grow your business? Then a real estate secured business loan will create more opportunities for you!
Real estate secured business loan
| Audience of loan issuance |
Individual entrepreneurs and legal persons |
| Applicant citizenship | Citizens of the Republic of Azerbaijan |
| The method of issuing a loan |
Cash, Non-cash |
| Loan assignment |
Business |
| Currency |
AZN, USD |
| Minimum loan amount | 10 000 |
| Maximum loan amount | Considered individually |
| Annual interest rate | Starting from 4% (USD starting from 8%) |
| Credit term | Min. 3 months - max. 36 months |
| Grace period | Minimum 3 months |
| Cost of services | 1% |
| Payment type | Annuity or free schedule |
| Collateral | Real estate in the name of the client and his first-degree relative |
| Age limit | Minimum - 25 years, maximum 65 years (until the end of the loan agreement) |
| Requirements | 1. Any real estate registered in the territory of Azerbaijan can participate as collateral (except for villages in the regions) 2. In special cases, the Bank has the right to request additional documents from the guarantor. 3. The loan amount and all accrued interest should not exceed 70% of the market value of the mortgaged real estate |
| Required documents | 1. Borrower's identity 2. Document confirming the borrower's income 3. Document confirming the ownership of the mortgaged property (extract) 4. Form 1 5. Form 2 6. Notarized copy of marriage certificate. If single, a certificate of celibacy 7. Notarized consent of the mortgagor and his spouse to pledge the property 8. Notarization of the mortgage agreement 9. Copies of identity cards and notarized consent of persons registered in the pledged property |
Loan calculator
To order a cash loan, you can click the "Order".
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