DəmirBank

DemirBank’s clients can open credit line on plastic card. The term of the credit line is usually 1 year.

Within the credit line the clients can enjoy an interest free period of up to 38 days. At the same time:

• The interest for the used portion of credit line is not calculated if the debt on credit is paid till the 8th of the following month;
• If the credit debt is not paid or partially paid till the 8th of the following month, the interest is calculated for the used portion of credit line at 27% annual rate during the period of use of credit.

In case of repeated use of credit line during the term of the credit agreement, the above rules are applied in each case. The credit line is opened for the Bank depositors and based on the salary statement.