Since the beginning of the mortgage credit system in Azerbaijan, 62 mortgage credits were granted through the partner-banks of Azerbaijan Mortgage Fund (AMF), Trend reports with reference to AMF. The gross amount of the granted credits exceeds AZN 1.4 mln. The growth rate in March-July is reported at 165%.
At the moment, 150 credits are under legalization process.
The average amount of the mortgage credit was AZN 20-21 thousand. The average period of debt is 31 years. The average interest rate of credit is 9.7%, and 35-36 percent of granted credits were delivered with interest rate of 8-9% annually.