Terms and conditions
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Type of mortgage loan
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Standard
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Low interest
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Max. amount
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50 000 AZN
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35 000 AZN
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Term
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3-25 years
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max. 30 years
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Initial payment
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30% of acquired flat`s selling price
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Annual interest rate
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8%
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4%
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Repayment
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Monthly repayment of interest and loan amount in accordance with the schedule (the same payment every month). Max. monthly repayment – 70% of monthly income of Borrower.
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Collateral
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Flat acquired
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Requirements to Borrower:
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Age
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Till pension
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Citizenship
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Azerbaijan
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Minimal length of work
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6 months
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Documents required for receiving mortgage loan:
- ID card of Borrower (Co-borrower) (copy).
- Certificate of marriage or bill of divorce (copy).
- ID Card of adult family members who living together with Borrower (Co-borrower) (copy).
- Birth certificate or ID cards of underage family members who living together with Borrower (Co-borrower) (copy).
- Labor contract or copy of employment history confirmed by HR Department of Borrower`s (Co- Borrower`s) employer.
- Reference from employer confirming Borrower`s (Co-borrower`s) income.
- Evaluation act of mortgage property.
Additionally required documents if a Borrower is an enterpreneur:
- Registration in Ministry of Taxes (copy of certificate).
- Income tax report accepted by authority or simplified tax declaration.
Documents required for registration of mortgage loan.
- Certificate of state registration of mortgaged property and technical passport (if required).
- Reference confirming that mortgaged property not burden with other obligations and limits.
- Reference about registered persons on mortgaged residence.
- Copy of certified in notary letter of consent of spouses and other registered adult family members’ to pledge mortgage property and sale it in extrajudicial order. If the owner of mortgage is under age person, copy of consent of guardian is needed.
Documents required to provide after mortgage loan registration
- Original of mortgage agreement (Mixed agreement) and mortgage paper with documents confirming their state registration.
- Documents confirming insurance of mortgage property and Borrower`s life and work ability, as well as documents confirming insurance payments.
- Copy of sale agreement.
- Copy of ID of seller (for individuals).
If Borrower related to social group he/she must presents a document confirming this relation.
Persons related to social group:
- Members of young family who are :
o members of martyr family (husband/wife, children);
o National Hero (Borrower, husband/wife, children)
o refugees or persons equaled them;
o state employees employed more than 3 years;
o applicants or doctors of science;
o sportsmen with special achievements in sport (honorary sportsman, winner of country competitions (I place), winners of international competitions (I, II and III places).
- Military workers employed by Ministry of Defense of Azerbaijan Republic, Ministry of National Security of Azerbaijan Republic, Internal Forces of Ministry of Internal Affairs of Azerbaijan Republic, State Border Service of Azerbaijan Republic and Special State Guarding Service of Azerbaijan Republic more than 3 years (except military workers serving on call-up period).
Notice: Every family (person) can get a social mortgage loan only once.
Notice: All submitted copies of documents should be certified in a notary office.
To take a decision about issuing of loan the Bank may request additional documents or information.
To get more detailed information about mortgage loans please contact our branches.
