As mentioned above, it is possible to carry out three types of operations through BirKart: installment, cashless and cash. The payment interval is in the range of 1-10 months of each month. Monthly payment amount is calculated as follows:
Installment - partial monthly payment of relevant purchase. For example, if you have a 12 month installment of a product worth X 300 at the Bank's X partner, then your monthly payment for this transaction will be 25 AZN (300/12). Cash - 5% of the cash used during the month and accrued interest. For example, you have made a cashback transaction at the amount of AZN 500 from the ATM on the 5th. At this time your debt will be 507.5 AZN, with the cash commission (1.5%). Interest is accrued on a daily basis, with an interest rate of 25% per annum until the date you pay. If you pay 10 (35 days) after the next month, then the minimum payment is set as follows.
Main debt - 507.5 * 5% = 25.4 AZN
Interest debt - (507.5 * 25%) / 360 days * 35 days = 12.40 AZN
Total payment - 25.4 AZN + 12.4 AZN = 37.8 AZN
Cashless - No interest and commission is calculated if the amount used on non-cash transactions is fully repaid by 10th of next month. However, if there is no full payment, after 11:00 the calculations are carried out just as in cash transactions, 5% of the accrued interest and principal debt.
How can I get a "Card"?
Individuals with a place of employment may apply for a single card, a document confirming their income and a personal identification card. The age requirement for the client is 18-67, and the demand for a job at the last workplace is 6 months. BirKart can be acquired by employees of Kapital bank salary / scholarship card holders, as well as fellow employees from other Bank.
