OREANDA-NEWS. September 09, 2009. Bank of Baku reconsidered  the terms of automobile lending.

The bank reports that small changes were made the terms of automobile lending.

“From now onwards credit for car will be delivered  in manats (AZN), and fee will be also  collected in manats. Presently,  the  bank lends only cars of Hyundai brand,’’ the bank said.

The terms of lending as follows: in the amount of from AZN  500 up to AZN 50,000 AZN, for the term of up 3 years, at annual interest rate of 20%. Minimal  payment makes up 25%.