Amrahbank has designed a unique loan for people who wish to improve the condition of their home or simply want to increase the value of their property. The Refurbishment loan will allow you to spread the cost of refurbishing your home for up to two years.

Loan terms:
Maximum amount of the loan   50 000 AZN (or USD equivalent)
Maximum duration of the loan   60 months
Annual interest rate   21% p.a.
Collateral   Real estate
Administration fee   5% of the amount of the credit

The key advantage of the “Refurbishment loan” over a traditional loan is that it is offered as a credit facility that the customer can draw on, as the refurbishment works progress rather than withdrawing the whole amount at once. This allows the customer to save considerably on interest payments, as interest is accrued on the utilized portion of the credit facility only.

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