Non-bank credit organization TBC Credit launched a New Year event "minus 2%" on the loan product "Instant Money".
As reported in the bank, the essence of the action is that all of the loans applied for the annual interest rate will be reduced by 2%. So the minimum annual rate is 22% and for repeat customers with good credit history - 20%.
Unsecured loan "instant money" is available for any purpose (travel, the organization of the wedding, the purchase of furniture and equipment, etc.) for a period of 24 months. The maximum amount is 10 thousand manats and issued in just 2 days.
TBC Credit provides loans for a period of one to 10 years. The loan amount varies from 300 to 200 000 manats. The interest rate starts at 18 percent or is higher. The portfolio is dominated by traditional business loans.
The organization operates from the beginning of 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). It issues business, mortgage, consumer and micro loans. - 15B -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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