TRAVEL IN CREDIT

"Travel in credit" is the first in Azerbaijan banking program of traveling vouchers crediting. Now you and your family can easily and quickly plan and organize comfortable holiday. The project was successfully introduced from June 2001.

In the frames of the program you can:

• Get credit for payment of traveling voucher on reduced price;
• Register MasterCard plastic card;
• Get insurance polis on preferential terms for those going abroad.

Peculiarities of this type of crediting are:

• Credit is given up to 1 year in USD;
• Credit is given at 70% interest rate from the total price of the voucher;
• Interest is calculated at 20% per annum;
• Payment of the credit is made monthly, due to schedule;
• No need to deposit a pledge for getting the credit.

Terms of getting the credit

• Credit may be granted to citizen of Azerbaijan of full legal age, having permanent place of work and permanent place of residence;
• Credit is given in case of availability of MasterCard Gold or Standard plastic card of "Azerigazbank";
• 100$ on the insurance deposit is necessary*;
• Owners of "Azerigazbank" cards going abroad on traveling voucher on a reduced price are rendered necessary insurance services (only for registered person).

Granting the credit on plastic card

Credit on plastic card is granted under the guarantee of solvent leading companies and organizations of Azerbaijan.

Bank has the right of choice at the consideration of the guarantee.

Order of credit allocation:

• Client, wishing to acquire the traveling voucher, addresses travel agency where, after the tour is chosen, the 30% of the total price of the voucher is paid.
• Travel agency gives a reference where total price and paid amount are shown.
• Above said reference together with necessary documents client submits to the credit department of the Bank.
• Duration of registration of credit agreement is 2 days.

Documents, necessary at registration of credit:

1. Passport
2. Invoice for travel voucher payment
3. Signatures samples card, certified notarially
4. Reference from place of work
5. Guarantee letter *

   * Form of the letter must be submitted to Bank's approval.

Order of payment of credit

Payment of credit is made monthly with equal parts. Payment of interest is made simultaneously with payment of credit. In case part of credit is paid ahead of schedule the interest payment is made monthly for the left amount debt.