Baku, Finance Time. Under Muganbank’s new  lending  campaign  any person having reached  a pension qualification age can obtain aloan up to AZN 10 000 from the bank.

The credit arrangements of thisno guarantor  loan  from AZN 300 up to AZN 10 000 with a tenor of 3-36 months can be made in any Muganbank branch in the country. Borrower will only submit his (her) ID card and a reference from State Social Protection Fund.

The loan repayments will be made in equal instalments on monthly basis.  The annual interest rate is 25-27%(Actual annual interest rate 30,95).

“Muganbank” OJSC has  raised the maximum age threshold for any of its borrowing customer to 67.

More information can be obtained calling (012) 933,  or from Muganbank ‘s official website (www.muganbank.az) or from its “Facebook”   page.

 “Muganbank” OJSC, a well-known participant of Azerbaijani financial-banking industry has been functioning  since 1992. The Bank’s 30 branches and 4 sub-branches throughout the country  provide high-quality services to customers with all types of banking products.