Mortage Loan (BANK PROGRAM)

Customer Requirements

• Persons who can take the loan are Residence of Azerbaijan Republic or Residence of Turkey Republic who have living and working pormits and main place of work in Azerbaijan Republic.
• To be able to take the loan there is minimum age limit of 22 years. Exporation date of the loan shall not exceed the borrower's retirement age.

Requirements for collateral according to Loan amount

Amount of the loan can be maximum 70 % of liquid value of the property

The loan is allocated to purchase a property.

Collateral

Real estate what is bought through mortgage loan should be placed as collateral to the Bank. Exeption is those real estatses what is from new constructed apartments (those that has no documents), in this case property of customer or third party can be used as collateral.

Term

up to 60 month

Payment Terms

Monthly Annuity