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Azerbaijan sets limits on preferential mortgage loans for banks

Economy Materials 30 January 2024 19:25 (UTC +04:00)
Azerbaijan sets limits on preferential mortgage loans for banks
Ingilab Mammadov
Ingilab Mammadov
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BAKU, Azerbaijan, January 30. The Azerbaijan Mortgage and Credit Guarantee Fund has set limitations for issuing mortgage loans, including preferential mortgage loans, to participating banks to continue the mortgage lending process through 2024, Trend reports, referring to the Mortgage and Credit Guarantee Fund of Azerbaijan.

"Regular mortgage loan applications will be accepted beginning on February 2 at 11:00 a.m. Additional information on accepting applications for preferential mortgage loans will be provided," the statement said.

Mortgage loan applications are accepted in real time on the electronic government site (www.e-gov.az) using the "Electronic Mortgage and Credit Guarantee" system.

The Fund's official website provides information on how to receive mortgage loans at www.mcgf.gov.az/menu/46.

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