CREDITING AND GUARANTEE OPERATIONS FOR INDIVIDUALS

“AZERIGAZBANK” JSIB offers wide spectrum of crediting, which allows to satisfy the demands of customers. Credits and guaranties are granted both in local and foreign currency.

“AZERIGAZBANK” is interested in cooperation with reliable borrowers and that’s why our bank makes definite and important demands while considering the issuance of credit. When crediting, especial attention is paid to the solvency of the client, project, the purposeful usage of credit recourses and cooperation with the Customer(teller services, currency operations, usage of Bank’s plastic cards).

Preference is given to clients, who have their own business, successful work experience, own capital and who cooperated with the bank before.

The terms of crediting

The sum of payment for credit and bank guarantees usage is defined individually for every borrower, depending on the type of the credit or guarantee offered and financial situation of the client in accordance with interest rates set by the Bank.

Credits for the individuals are granted for 1 year.

• Credit amount is unlimited.
• The sum of payment depends on the aim of crediting, collateral and the source of income.
• The current income of the borrower is the source of repaying the credit and interest payment.

The Bank is ready to consider the opportunity of opening of the credit card with limit in permanent income size under guarantee of the organization.

Types of collaterals and guarantees

As collateral Bank accepts the property belonging to the Borrower (third party) on title, including:

• Fixed Assets
• Auto transport
• Immovable property
• Guarantees of
• Organizations and enterprises
• Individuals

To be considered for credit granting you should:

• Contact Credit department of the Bank and negotiate with the Bank afterwards.
• Prepare all necessary documents for credit (guarantee) granting.
• Fill in the application for credit (guarantee) granting.

Considering the order for crediting Bank prefers the following borrowers:

Individuals-businessmen

• Individuals who are the clients of the Bank for not less than 3 months.
• Profitable activity of the businessman for last 4 quarters.
• Absence of overdue debts to budget and non budget Funds.
• The real assets of the businessman exceed the value of crediting project in not less than two times.
• The businessman must have the business-plan of the project, the specifications of necessary equipment and draw up estimated and authorized documentation.
• The businessman must carry out his/her activity in Baku.

* Credit Committee of the Bank will consider your request during 2 weeks.
* Bank has a right to require some more additional documents, necessary for the positive answer.
* The availability of the account in the bank is necessary.

The documents necessary for the credit granting:

1. Document certifying personality of the borrower.
2. Reference from the place of permanent residence.
3. Certificate of registration in the Ministry of Taxes with Identification Number indication. Certificate-duplicate to “AZERIGAZBANK” JSIB (in local and foreign currency)
4. Certificate of registration in Social Defense Fund.
5. Agreement with the supplier, invoices, customs declarations and so on.
6. The document, certifying title for the mortgaged real estate.

* When signing the agreement you should have insurance contract for the subject of insurance of security collateral for the sum of pledge and crediting period
* Bank has a right to require some more additional documents for the positive decision.

Consumer Credits.

The bank grants consumer credits under the pledge of movable and immovable property. This is the partially financing of house purchasing, apartment repair, car, equipment acquisition and so on.

Documents, necessary for considering of credits(guarantee) granting.

For individuals - consumer credits.

1. Document, certifying personality of the borrower;
2. Reference from the place of permanent residence;
3. Reference from place of work;
4. Document, certifying title for the mortgaged property;
5. Notarially certified copy of the certificate on admission into State Register of registration units inthe Statistics Committee.

   * When signing the agreement it's necessary to have insurance contract for the subject of insurance of security collateral for the sum of pledge and crediting period
   * Bank has a right to require some more additional documents for the positive decision.