Loans for Repairs
“Bank of Baku” being one of the leaders within consumer financing market in Azerbaijan, implements the project on financing of repair works in apartments and offices.
The new project is detailed in its nature and covers all stages of the repair process. Within the framework of the project, we offer our clients 2 alternative options:
1) Express-loans for the purchase of materials used in course of repair works (including, doors and windows, lighting and the related systems, heating systems, WC and bathroom items, etc.);
2) Micro-loans covering all stages of repair works (including, purchase of materials, installations, workers fee, etc).
Another novelty within the project is that the micro-loans can be received not only by employees of state enterprises and large private companies, but also by individual entrepreneurs and businessmen!
Below you can find detailed information on both options:
Project of loans for purchase of construction materials |
Items financed under the project:
- Aluminum, plastic, wooden and metallic door and window systems (including, gates) and grills
- Glazed wall and floor tiles, laminate, floor stones (marble mosaics, facet, etc.)
- Fire places and heating systems
- Roof covers
- WC and bathroom items
- Alchipan and suspended ceilings
- Chandelier, lighting systems, lighting systems for summer houses
- Ventilation systems
- CCTV systems
- Water and electricity installations
|
Conditions of the loan |
| Amount |
Min: 150 USD
Max:3 000 USD |
| Term |
Min: 3 months
Max: 18 months |
| Interest rate |
30 % per annum |
| Prepayment |
At least 20% of the financed items |
| Method of payment |
Monthly straight (decreasing on a monthly basis) |
Requirements for the applicant |
Required documents |
1) Identification card
2) Letter from place of work
3) Invoice issued by a partner company |
Place of work of the applicant |
State entity or a private company with stable financial standing |
Term of employment at the current place of work of the applicant |
min. 3 months |
Place of registration of the applicant |
min 20 |
Note: You can purchase construction materials only from shops having special arrangements with the Bank. You can review the list of such shops here.
Project of financing of repair works |
| This project provides an opportunity to obtain financing for all stages of construction works, including purchase of materials, installation, workers fees, etc. |
Conditions of the loan |
| Amount |
Min: 600 USD
Max. 10 000 USD |
| Term |
Min: 3 months
Max: 18 months |
| Interest rate |
30 % per annum |
| Prepayment |
Not necessary |
| Method of payment |
In monthly installments (equal monthly payments) |
Requirements for the applicant |
Required documents |
1) Identification card
2) Information on income
3) Repair works budget |
Place of work of the applicant |
1) Private entrepreneurs and businessmen
2) State entity or a private company with stable financial standing |
Term of employment at the current place of work of the applicant |
Baku (Lokbatan and Sahil settlements only in Garadagh District), Absheron region Khirdalan Settlement, Sumgayit (provided that the applicant is working in Baku) |
Place of registration of the applicant |
min 20 |
Additional information:
Review FAQ.
Please send us your queries related to this service or approach any branch or office of the Bank.
Complete application for the loan online. |
|
