Refinancing loan
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Refinancing loan

The International Bank of Azerbaijan salary cardholders have an opportunity to combine current loans into one single loan on favorable terms.

Terms

Requirements

Loan repayment

Terms

20 000 ₼ Maximum amount
Up to 48 mos Term
min. 18% Actual Annual Interest Rate
from 18% Interest rate
Not required Insurance for the loan application
0-1%*, minimum 20 AZN Fee
Apply now

*If the customer applies through alternative sales channels:

  • Loan processing fee - 0%;
  • 1% discount on the interest rate for the relevant loan product, valid for the date of application (in any case, the loan interest rate shall not be less than the minimum interest rate of the current lending for the Corporate Retail and Pension segments).

Penalty

Starting from 30 calendar days, a penalty of 1% of the principal amount of delayed principal is calculated based on the delayed loan, with a maximum of 120 days.

Requirements

Who is eligible for the loan?

  • Owners of salary cards of the International Bank of Azerbaijan
  • Employees with a minimum 6 months work experience at the current work place
  • Persons aged from 20 to 70 (at the time of last repayment of the loan)

Which documents are required of the borrower for loan processing?

  • Identification card

Which documents are required of the guarantor for loan processing?

  • Identification card
  • Official proof of income: salary or pension (not needed if you are a holder of salary/pension card issued by IBA)

Loan repayment

You can repay your loan:

  • By cash: at the branch or payment terminal. It is necessary to provide your 20-digit account number which you can find in your loan agreement.
  • By Online repayment
  • In IBA Mobile: Payments – Bank services – Account Refill
  • Regular payment: you can set up a standing instruction and the loan payments will automatically debited from your card or current account.

In case you want to repay an amount which is larger than your usual monthly payment 2 options are available:

  • Keep the monthly payment amount and reduce the term of the loan
  • Keep the period of the loan and reduce the amount of the monthly payment

Loan calculator

1 20000
1 month 48 months
18% 27%
Initial calculation
0 ₼ Monthly payment
0 ₼ Total amount
Initial calculation
Apply online
IBA Mobile
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