Demir Bank Prepares Package of Incentives and Proposals for Borrowers

JSC Demir Bank has prepared a package of incentives and proposals for borrowers in dollars and manats.

The bank reports that it is done as a result of borrowers' applications and to facilitate the return procedures.

The bank’s initiative applies only to consumer and micro loans and not only in dollars, but also manats.

Loans in dollars enjoy the following benefits:

1. In the monthly repayment of a loan in the amount of not less than 60% penalty interest is not charged.

2. The borrower receives a 15% discount in case of early repayment of a loan, the term of which ends on February 29.

3. Customers, who have received a loan of up to 20,000 dollars, are proposed to restructure the loan balance by 10% in the case of preservation in the previous volumes of monthly payments.

As for loans in manats, in case of payment of 20% of the outstanding amount, the customer receives a proposal to increase the repayment period by up to 1.5 times.

Benefits and proposals also cover credit lines. -0-

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