CIRCULATING LOAN

Loan purpose:

  • To increase circulating assets (purchase on inventory items, settlements with suppliers and contractors);
  • Financing operational costs related to financial and economic activities of client;
  • Settlements for uncovered documentary operations (in the currency of operation)
  • Loan commitments in other banks.

Term:

 
Loan amount
 to 500 000 AZN (or equivalent in RUB)
Loan curren
AZN, RUB
Interest rate
of 14,5%
Durationа
up to 36 months
Grace period
up to 6 months (grace period restriction does not apply to a revolving credit facility)
Security
real estate (commercial and dwelling)
mortgage of bank’s bill of exchange;
deposit at individual and legal entity/private entrepreneur’s bank

Forms of providing

  • One-time loan;
  • Non-revolving credit facility;
  • Revolving credit facility.

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