Loan conditions |
| Amount |
Min: 150 USD
Max: 1.500 USD |
| Term |
Min: 3 months;
Max: 11 months (term of the loan should expire at least one month prior to the new educational year) |
| Interest rate |
20% per annum |
| Prepayment |
Not applicable |
| Method of payment |
Monthly straight (decreasing on a monthly basis) |
Requirements with respect to the applicant |
| Required documents |
1. identification cards of the student and of the applicants
2. invoice of the university
3. letter of information on outstanding dues
4. letter of information on year and faculty
5. transcript
6. student card
7. application |
| Place of work of the applicant |
State entity or a private company with stable financial standing |
| Term of employment at the current place of work of the applicant |
min. 3 months |
| Place of registration of the applicant |
Baku (Lokbatan and Sahil settlements only in Garadagh District), Absheron region Khirdalan Settlement, Sumgayit (provided that the applicant is working in Baku) |
| Age of the applicant |
min. 20 |
