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“The interest rates on loans in Azerbaijani banks are unsatisfactory. They are too high. That is why I do not advise anyone to take out a loan.” “I would like there to be no loans at all. Salaries should be so high that people do not take out loans.” The high annual interest rates on loans taken from banks in Azerbaijan are periodically discussed. Citizens complain about the high interest rates. Back in 2015, President Ilham Aliyev signed a decree instructing the Central Bank to lower interest rates on loans offered by commercial banks in the country. However, over the past period, banks have not only lowered their loan rates, but even raised them. One of the court decisions issued by the Sabail District Court of Baku in December states that in 2022, a citizen was given a consumer loan of 800 manat for a period of 35 months at 27 percent. According to the Central Bank, the average interest rate on loans in manats granted to the population was slightly more than 16 percent. Banker.az wrote earlier this year that the interest rates of banks providing consumer loans in manat were set in the range of 9.5%-26%. Such loans are issued at a rate of 4-14 percent in the European Union countries. In September of this year, the highest interest rate on consumer loans was recorded for household loans - 25%. Loans issued through credit cards accounted for 24%, for home renovation 16%, for car loans 12%, and for other loans 20%.