Azerbaijan increases level of preferential mortgage loan
Azerbaijan, Baku, Feb.5 / Trend /
According to Azerbaijani President Ilham Aliyev's decree on amendments to the 'Rules of issuing preferential mortgage loans', the ceiling of a maximum social mortgage loan has increased from 35,000 manat to 50,000 manat.
According to the amendments, those in the military serving for over three years, as well as reservists and the retired have access to a social mortgage. The decree was signed on Feb.4.
The official exchange rate on Feb.4 is 0.7844 manat to $1.