PASHA Bank and PASHA Life are introducing a new loan product for
customers holding an Insurance-Secured Real Estate Loan. The
product enables customers to obtain a real estate loan by using the
accumulated savings in their LEI account as collateral.
The key advantage is that customers can use their long-term
savings as loan collateral without terminating the insurance
contract or withdrawing funds early. This allows them to preserve
their savings while also purchasing real estate.
The loan is available in AZN and USD currencies. The annual
interest rate is 12.5% for AZN loans and 7.5% for USD loans. The
minimum loan amount is AZN 10,000 or its equivalent. The loan term
covers the validity period of the insurance certificate. In
addition, no processing fee is charged, while employment history
and existing credit obligations are not taken into
consideration.
The available loan amount depends on how long the LEI
certificate has been active - the longer the savings period, the
higher the potential loan amount.
For more detailed information about the product, please follow
the link.
It should be noted that it is a long-term life savings insurance
product. Customers make regular payments over a certain period and
receive the accumulated amount together with investment income at
the end of the term.
PASHA Bank was established in 2007 and is currently one of
Azerbaijan’s leading corporate financial institutions. The Bank
provides investment banking, trade finance, asset management and
traditional banking services to corporate, small and medium-sized
business clients. In addition to Azerbaijan, PASHA Bank also
operates in Georgia and Türkiye.
PASHA Life is a life insurance company operating within PASHA
Holding. Through its long-term life savings insurance products, the
company offers customers an opportunity to build planned financial
security for the future.
