E-mail: info@demirbank.azCall centre: 149
BUSİNESS CREDİTS
DemirBank offers business credits to entrepreneurs and companies on favourable terms for the development of small, medium and corporate business in the country.
Business credits are available to
- Companies, as well as individuals having permanent registration in the Republic of Azerbaijan.
- Minimum 3 months of stable business activity.
- Individuals and legal entities, dealing with trade and production.
Types of business credits
DemirBank offers 2 types of business credits subject to the amount:
- Micro and small credits
- Medium and large credits
Depending on the amount, the credits can be secured by a guarantee, automobiles, houses, real estate, business equipment, jewelry, securities, goods and materials in the warehouse or in use.
Micro and small credits
| Term | 3 to 36 months |
| Amount | 500 – 100 000 AZN |
| Interest rate | From 26% annual interest rate (from 2,2% monthly) |
| Type of payment | Monthly annuity |
Medium and large credits
| Term | Up to 48 months |
| Amount | From 100 001 AZN / USD |
| Interest rate | Determined individually |
| Type of payment | Monthly annuity |
Example
Amount - 2000 AZN, term - 12 months, interest rate - 3% monthly
| Payment (month) | Amount of repayment | Principle amount | Interest amount |
| 1 | 201 | 141 | 60 |
| 2 | 201 | 145 | 56 |
| 3 | 201 | 150 | 51 |
| 4 | 201 | 154 | 47 |
| 5 | 201 | 159 | 42 |
| 6 | 201 | 163 | 38 |
| 7 | 201 | 168 | 33 |
| 8 | 201 | 173 | 28 |
| 9 | 201 | 179 | 22 |
| 10 | 201 | 184 | 17 |
| 11 | 201 | 189 | 12 |
| 12 | 201 | 195 | 6 |
| Total | 2 412 | 2 000 | 412 |
To receive the credit the applicant shall:
- Approach any of the Bank’s branches
- Get familiar with the terms of crediting
- Fill in the loan application at the branch office
- Submit requisite documents
For applying to DemirBank’s loans the clients can approach any of its branches. For more information please call Infocenter 149.
Loan calculator
