As part of the credit campaign of Muganbank, any person who has reached retirement age can get a loan of up to 5 thousand manat. To obtain a loan, the guarantor is not required.
Credit in the amount of 300 to 5,000 manat for a period of 3 to 36 months can be issued in all branches of Muganbank OJSC in the country. To get a loan, it is enough to provide an identity card.
Pension loan payments are carried out monthly equal parts. The annual interest rate on the loan is 22-24 percent. At the time of the last loan payment, the age of the borrower should be no more than 66 years.
Detailed information can be obtained by calling (012) 933, on the Bank’s website (https://www.muganbank.az) or on the social pages of Facebook and Instagram OJSC Muganbank.
Muganbank OJSC is one of the well-known financial institutions of the Azerbaijan Financial Banking Sector – began its activities in 1992. To date, 24 branches and 10 branches of Muganbank OJSC in Azerbaijan and the Bank’s representative office in Moscow provide customers with high-quality services for all types of bank products. OJSC “Monganbank” cooperates with international economic structures. Among the United States Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Financial Corporation (IFC) US Investment Fund – WorldBusinessCapital (WBC), private foreign investment corporation (OPIC), Islamic Private Sector Development Corporation (ICD ) and GGF.