Expressbank follows a responsible lending policy and does not limit itself to simply informing customers. We also contribute to improving public financial literacy by providing educational resources through various channels.
To strengthen protection against the increasing number of fraud cases in recent years and to promote healthy borrowing habits, we encourage citizens to adopt the principles of responsible borrowing.
To maintain financial stability, each individual should consider the following points before taking a loan:
1️⃣ Identifying Real Needs
A loan should be taken only when necessary and for a specific purpose. Sometimes people make emotional decisions and borrow without planning, which may lead to long-term financial difficulties and increased debt burden.
2️⃣ Proper Budget Planning
Before borrowing, it is essential to analyze monthly income and expenses. We recommend allocating no more than 30–35% of monthly income to loan payments. This helps maintain financial security and allows room for savings.
3️⃣ Understanding Loan Terms
It is important to carefully review interest rates, penalty conditions, and loan duration stated in the contract. If any questions arise, we recommend consulting our staff for clarification. Once the contract is signed, the customer is legally responsible for fulfilling the obligations.
4️⃣ Maintaining a Good Credit History
Making payments on time increases future access to financial services. Delays can negatively affect credit history and make obtaining new loans more difficult.
5️⃣ Improving Financial Literacy
We believe that knowledge is the most powerful tool in making successful financial decisions. For this reason, Expressbank regularly provides educational materials on personal finance management, budgeting, and responsible borrowing.
Improving public financial literacy is one of the priority areas of our social responsibility strategy. We consistently implement measures aimed at ensuring customer well-being and maintaining a stable financial system.
Expressbank OJSC operates under License No. 119 issued by the Central Bank of the Republic of Azerbaijan on December 30, 1992.
Address: 134C Y.V. Chemenzeminli Street, Baku.
