Consumer loan | Azər Türk Bank | Your State Bank

Consumer loan


Workplace:

Any person with official workplace / retired person

Age limit from 18 to 70 years
Salary: no minimal requirements
Work experience

Total work experience of a borrower should be at least 6 months, with at least 3 months (without interrupting) at the most recent workplace
Total work experience of a guarantor should be at least 6 months; the work experience at the most recent workplace (without interrupting) should be at least 3 months.

Maximum amount of the monthly payment:

This entails finding the ratio of borrower’s monthly debt burden to his income (DTI ratio). It is calculated as follows:

Here
  • D - Borrower’s debt burden
  • PMT - amount of the monthly payment of a new loan
  • İ - Borrower’s net income after paying taxes

The DTI coefficient cannot be more than 40% when borrower’s income is less than three-fold living wage (173 AZN); and more than 50% when the income is more than three-fold living wage

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