Oriented on making people closer

Joint-Stock Commercial Bank of Turkmenistan "Halkbank" always keeps up with the times and offers the most modern and high-quality financial services.

One of the bank's key goals is to help clients solve financial problems and implement global plans. This is facilitated by various types of loans from Halkbank, which we will get acquainted with in this material.

Consumer credit in the amount of up to 30 thousand manats. It is issued for consumer purposes for a period of 3 years. The loan rate is 12%.

When making it, the bank requires one guarantor. To repay the loan, 50% of the salary of the borrower and the guarantor (or 50% of the total family income) is charged monthly.

A consumer loan is a loan funds of which are used to purchase goods and services. It can only be spent on personal needs. The main advantages of this type of loan are the simplicity of registration and the minimum requirements imposed on the borrower.

Halkbank also offers a consumer loan in the amount of 50 thousand manats with the same interest rate. It is issued with the same conditions, but a pledge will be required instead of a guarantor.

Credit "Overdraft" is a short-term consumer loan that is issued for 6 months at 12% per annum.

The loan amount should not exceed 50% of the salary. The borrower can spend less, but not more of this amount. The debt on the "Overdraft" is automatically repaid at the expense of the borrower's salary.

Overdraft is an excellent choice for those who do not have enough funds to make a long-awaited purchase, or need a small amount before the salary is received. So the bank's customers will not have to postpone the realization of their desires for tomorrow.

Lending in small volumes in the amount of up to 30 thousand manats for the development of agriculture and cattle breeding. This loan is provided to the business for 3 years. Its rate is 10%. The loan is issued under a pledge or guarantee.

This type of lending supports young companies. The funds received can be used for the purchase of machinery and agricultural equipment, scaling up the business through the expansion of acreage, increasing the number of livestock, etc.

Another service from Halkbank is a loan for the purchase of carpets up to 30 thousand manats. It is issued for up to 3 years in the amount of 30 thousand manats. The loan rate is 12%. A loan for the purchase of carpets can be obtained both as collateral and under surety.

Student loan to pay for education in specialized secondary and higher educational institutions. It is issued for a period of 5 years at 5% per annum.

The loan amount is determined on the basis of a document approved by the Ministry of Education and confirming the training.

Credit for wedding celebrations. This type of loan in the amount of up to 100 thousand manats is taken for 3 years. Its annual rate is 12%.

Halkbank also provides loans for newlyweds in the amount of up to 20 thousand manats.

Newlyweds can spend it on the purchase of household property. The loan is granted for 3 years at 1% per annum. To repay the loan, 50% of the salary of the borrower and the guarantor (or 50% of the total family income) is charged monthly.

ORIENT

Photo: halkbank.gov.tm