The Advance Line of Credit provides Bank ABB customers, who receive their salary or pension on cards issued by ABB, with quick access to funds, allowing them to meet urgent financial needs without waiting for the next payment. By taking advantage of this offer, the customer can access the advance loan by paying a fee of 5% (minimum 2 AZN) and repay the amount within a grace period of up to 40 days. The grace period is renewed on the 10th of each month. A commission of 5%, with a minimum of 2 AZN, is applied to the previous month's principal debt.
Product Terms:
- Interest rate: 0% p.a.
- Maximum amount: up to 1,000 AZN
- Limit validity period: up to 36 months
- No collateral or guarantors required
Who is eligible for an advance credit line?
Customers of Bank ABB who receive their salary or pension on ABB-issued cards.
- Age limits: 20 to 70 years old at the end of the agreement.
How to apply for an advance:
The product is available via the ABB mobile app.
How to repay the advance:
- Through the "Repayment of debt" section in the advance cabinet of the ABB mobile app.
- By automatic payroll deduction.
- At Bank ABB terminals by selecting the “Top up” function and entering the advance account number
