The loan is allocated to purchase a property.
Citizenship: Azerbaijan citizens; (Citizens of the Republic of Turkey who have permission to live and work, whose main workplace is in Azerbaijan can apply for the loan.)
Age: Minimum age for the loan is determined as 22 years. Closing date of the loan must not exceed the retirement age of the loaner.
Maximum Amount: Amount of the loan can be maximum 70 % of liquid value of the property
Maximum duration: Up to 60 months
Collateral: Real estate what is bought through mortgage loan should be placed as collateral to the Bank.
FİFD: min. 13,9%
When you take out a mortage loan, we recommend obtaining life insurance to protect your family from debt in the event of an accident or illness (death or loss of working capacity).
Brief information about the borrower's life insurance:
This type of insurance is applied to individuals as voluntary insurance against the borrower's death or loss of working ability. The insurance coverage provided under this type may vary depending on the conditions applied by the insurer chosen by the borrower.
If the insurance contract is valid and an insured event occurs (death or loss of working capacity of the individual), the insurer pays the loan balance to the bank within the conditions specified in the insurance contract.
To review the insurance terms and conditions, please follow the link: https://e-qanun.az/framework/56958