Micro business loans
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Amount
500 - 100 000 AZN
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Term
up to 36 months
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Annual interest rate
min. 16%
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Grace period
up to 12 months
Loans financed with recourses of the Agrarian Credit and Development Agency
Loans from the Entrepreneurship Development Fund
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Amount
500 - 200 000 AZN -
Term
Up to 60 months -
Grace period
up to 12 months -
Annual interest rate
7% / 12%
AKIA micro loans with 7%
- Amount: 5 000 - 200 000 AZN
- Term: 6 - 60 months
- Grace period: up to 12 months
- Interest rate: 7%
- Commission: 1 - 3% (varies depending on the loan amount and term)
- Collateral required (up to AZN 30 000 without collateral, with official income guarantee)
Requirements
- Identity card (notarized)
- TIN (notarized)
- Land document (can be personal or lease. If it is private property, it must be in client's own name and notarized. If it is leased, the contract must be notarized. The land must be of agricultural purpose)
AKIA microloans with 12%
- Amount: 500 - 15 000 AZN
- Term: 6 - 36 months
- Grace period: up to 12 months
- Interest rate: 12%
- Commission: 1 - 2% (varies depending on the loan amount and term)
- No collateral required
- A guarantor with the official income needed
Requirements
- ID cards
- TIN
- Must be a farmer registered in EKTIS (Electronic Agriculture System)
- There should be no overdue loans in the credit history for the last 2 years
Applying for a loan online is very easy
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1
Order
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2
Get a confirmation
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3
Take a loan
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4
Improve your business
Order commission free loan
