NFES’s loans

Use a loan with a low interest rate of up to 10 000 000 (ten million) manats for a period of up to 10 years at the expense of the National Fund for Entrepreneurship Support.

Conditions

  • Amount: 5 000 – 10 000 000 AZN
  • Loan Term: 6 – 120 months
  • Annual interest rate: 6%
  • FIFD: min. 7.20% - max. 14.49%
  • Commission: 1 - 3.5%
  • Conditional collateral: Goods in circulation, equipment, household items
  • Solid collateral: Movable and immovable property
  • Without solid collateral: up to 15 000 AZN

Advantages

  • Loans with a low interest rate of up to 10 000 000 (ten million) manats for a period of up to 10 years
  • Grace period up to half of the credit term
  • Possibility to get a loan without collateral

Directions of Credit use

  • Agriculture (cotton, tobacco, nuts, grain, grapes, potatoes, etc. industries)
  • Cattle breeding (breeding of small and cattle)
  • Beekeeping, fishing, poultry farming, etc. agricultural sector
  • Production industries (furniture, footwear, glass, flour and confectionery products, etc.)
  • Tourism (hotel and hospitality business, agritourism, etc.)
  • Creation of greenhouse (greenhouse) complexes, etc.

Approximate repayment plan

Approximate repayment plan for the loan repayment plan for the amount of AZN 6 000 with annual interest rate 6% and grace period for 6 months

Months Amount of monthly redemption
1st 30 AZN
2nd 30 AZN
3rd 30 AZN
4th 30 AZN
5th 30 AZN
6th 30 AZN
7th 1030 AZN
8th 1025 AZN
9th 1020 AZN
10th 1015 AZN
11th 1010 AZN
12th 1005 AZN

Currencies Rates

19.03.2019 BUY SELL
USD 1.6971 1.7015
EUR 1.8902 1.9481
Non-cash payment

Non-cash payment

19.03.2019 BUY SELL
USD 1.6971 1.7015
EUR 1.9095 1.9442
GBP 2.2116 2.2793
RUB 0.0260 0.0267

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