OREANDA-NEWS. July 25, 2011. DemirBank is strengthening its cooperation with furniture manufacturer and seller Embawood. Under the credit program, not it is possible to purchase various types of furniture in Embawood stores at favorable credit terms with repayment maturity of 6 - 24 months, reported the press-centre of DemirBank.

The loan value may extend from 300 to 5000 manats. If the loan value is up to 3000 manats, no advance payment is required. For purchases exceeding 3000 manat the buyer should make an advance payment equal to 10% of the value of the purchased good.

The borrower should have at least 3 months of work experience at a government entity or private company with consistent financial condition. The loan is extended against an ID and statement from the employer.

The Embawood company has 48 showrooms throughout the country, of which 19 are located in Baku and 29 in the regions.

“DemirBank offers population a wide variety of banking products, as well as loans for purchase of furniture. We are expanding cooperation with Embawood company, which is manufacturer of home and office furniture, to offer new opportunities to population in furniture lending” – said Yusif Jabbarov, Deputy Chairman of the Board.

In addition, the DemirBank cardholders may receive a 5% discount at the Embawood shops under “Discounts to cardholders” program.