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Microloan
Entrepreneurs engaged in small business can get
- Minimum amount
500
- Maximum amount
200 000
- Currency
AZN
- Interest rate
From 15%
- Annual Percentage Rate (APR)
15.4%-31.09%
- Minimum amount
Loan terms
Entrepreneurs engaged in entrepreneurial activities in industry, manufacturing, services, trade, construction, transportation, fisheries and agriculture can get a microcredit.
- Loan amount
500 - 200 000
- Currency
AZN
- Interest rate
From 15%
- Period
3-36
- Commission
0.5 -1.3%
- Age limit
20-65
Calculate the loan
You can easily calculate the monthly payment of the loan you want to get
Order your loan online
- 1
Fill out the required form on the site for a loan
- 2
Get ta loan from the branch of your choice
Frequently Asked Questions
You can find the answer in Frequently Asked Question section
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Each application is evaluated individually. Approval depends on the business activity, financial performance, and overall sustainability.
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Yes, applications can be submitted. Each case is assessed individually based on the business’s financial condition, cash flow, and repayment capacity.
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Yes, early repayment is possible. It is recommended to check the applicable terms and any potential fees in advance.
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Once approved, the loan amount is transferred to the business owner’s bank account and can be used to support business operations.
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In most cases, microloans are provided without collateral. The terms depend on the business activity, financial condition, and performance indicators.
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After submitting a microloan application, bank representatives contact the business owner to clarify details about the business activity. The application is reviewed within a short period and an initial decision is provided.
Other credit products
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Real estate loan
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Credit Card Secured by Deposit
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Microloan
Entrepreneurs engaged in small business can get
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Profession credit
Loan for clients engaged in professional activities
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Small and medium business loan
Profitable opportunity for entrepreneurs
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Savings secured loan
Loan based on your deposit in AFB Bank
Order
What is a microloan and agricultural loan?
A microloan is a financial solution designed for individuals engaged in small business activities. It allows entrepreneurs to expand their business and agricultural operations, increase working capital, and make new investments.
Microloans are suitable both for those starting a new activity and for entrepreneurs who want to grow their existing business or agricultural operations.
Who is a microloan and agricultural loan suitable for?
Microloans are intended for entrepreneurs operating in industry, manufacturing, services, trade, construction, and transportation. At the same time, farmers and individuals engaged in agriculture can also use this loan to finance their activities.
From this perspective, microloans serve as a flexible financial solution for customers in both business and agricultural sectors, together with other loans.
What can a microloan and agricultural loan be used for?
Microloans can be used to finance various business and agricultural needs. Entrepreneurs may direct the loan funds to increase working capital, expand operations, and cover investment-related expenses.
The loan can be used for the following purposes:
- Increasing working capital
- Purchasing equipment and machinery
- Expanding trade and service activities
- Financing farms and agricultural activities
- Renovation and other business expenses
Advantages of a microloan
Microloans provide entrepreneurs with flexible and accessible financial opportunities. The unsecured structure of the loan and the simple application process create additional convenience for business owners.
Different loan amounts and terms can be tailored to the needs of both business and agricultural activities. The review of applications within a short period also helps entrepreneurs plan their decisions more efficiently.
How are the loan amount and term selected?
The loan amount and term are determined according to the entrepreneur’s field of activity, financial needs, and repayment capacity. Choosing a shorter term reduces the total interest cost of the loan.
A longer term lowers the monthly payment amount and allows both business and agricultural activities to manage cash flow more comfortably.
Microloan terms
The microloan amount ranges from 500 AZN to 200,000 AZN. The loan is provided for a term from 3 to 36 months, with interest rates starting from 15%.
The commission may range from 0.5% to 1.3%, and the loan is intended for individuals aged 20 to 65. The final terms are assessed according to the characteristics of the application and the customer’s financial indicators.
How to apply for a microloan?
Customers can apply for a microloan by submitting an online request form. The information provided in the application is reviewed by the bank, and an initial decision is given within a short period.
If the application is approved, bank representatives contact the customer to complete the loan formalization process.
