...

Number of mortgage loans issued via state line increases in Azerbaijan

Finance Materials 9 April 2020 19:23 (UTC +04:00)
Number of mortgage loans issued via state line increases in Azerbaijan

BAKU, Azerbaijan, April 9

By Eldar Janashvili - Trend:

The monthly amount of mortgage loans issued by the state line increased by 1.8 percent or by 26 million manat ($15 million) in Azerbaijan, reaching 1.4 billion manat ($823 million) as of April 1, 2020, Trend reports referring to the country’s Mortgage Credit Guarantee Fund on April 9.

The number of monthly mortgage loans increased by 360, reaching 28,335 loans.

On April 1, 2020, the amount of guaranteed loans reached 80.18 million manat ($47.2 million).

The current loan of the fund in circulation is 727,856 manat ($428,150).

Currently, mortgage loans in the amount of no more than 150,000 manat ($88,235) are provided for a period of 25 years with a minimum advance payment of 15 percent, and preferential mortgage loans in the amount of no more than 100,000 manat ($58,823) are provided with a minimum advance payment of 10 percent with a maximum term of 30 years.

(1 USD = 1.7 AZN on April 9)

Tags:
Latest

Latest