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Customers wanting to obtain a car loan can choose any car from all official car dealers and apply for the loan online. APRC: min. 18.64% - maks. 41.65%
Requirements for customers
More than 6 months of work experience
Applicants must have worked at their current workplace for at least six months.
Salary cardholders of any bank
Valid for those receiving a salary via a card from any bank.
Age from 20 to 65
The applicant must be between 20 and 65 years old at the time of the last loan repayment.
Customers who wish to obtain a car loan can apply for the vehicle of their choice through authorized car dealerships. This type of loan provides a convenient and structured financial solution for purchasing a car. With a car loan, you can select your desired vehicle and make payments over a suitable period. According to current terms, car loans are available for amounts up to 200,000 AZN with a repayment period of up to 60 months. Loan terms may vary depending on the type of vehicle. For electric vehicles, interest rates start from 13%, for hybrid vehicles from 13.5%, and for other vehicles from 14%.
An auto loan is a financial product offered by banks to help customers purchase a vehicle. With this type of loan, customers can own a car without paying the full amount upfront. After making an initial down payment, the remaining amount is provided as a loan and can be repaid over an agreed period. Auto loans are available for both new cars and certain eligible vehicles. Typically, cars purchased through a loan should be up to 3 years old and have a mileage of no more than 1,000 km, allowing customers to choose a newer and more reliable vehicle.
To obtain a car loan, the first step is to select the desired vehicle. Customers can choose their preferred car from official dealerships and then apply for the loan. During the application process, details such as the car’s price, down payment, and loan term are submitted. Once the application is approved, the loan amount is determined and a repayment schedule is prepared. The down payment starts from a minimum of 10% of the car’s price, and the service fee is 0.5% (minimum 20 AZN). This way, a car loan makes purchasing a vehicle more convenient and manageable.
