“Pension +” is the service offered by the International Bank of Azerbaijan to its pension cardholders which allows to get interest free credit line with monthly renewal and with minimum amount of AZN 100, maximum limited to pension size.
Credit line can be increased based on an individual application.
The service is free of charge, there are no fees or interest.
Credit line can be used only for non-cash payments in the following points:
Credit line is rolled-over when the amount of pension is totally spent.
The debt is repaid automatically by the amount of next month’s pension.
When the debt is repaid the credit line is available again
Who are eligible for the loan?
- Every holder of a pension card issued by the IBA.
What documents are required?
- Initially, the credit line is set automatically. Identification card is required to increase the credit limit amount.