Question 1. Question 1. Where to apply for borrowing mortgage loans?
Authorized Credit Organizations. .
Question 2. Where is it possible to get answers to the questions and initial information?
Authorized Credit Organizations, insurance and Evaluation companies Azerbaijan Mortgage Fund. It will be possible to get initial information and services from Mortgage Agencies and Brokers as the mortgage infrastructure expands in the future.
Question 3. Under which conditions are the mortgage credits lent?
see Rules on lending Mortgage loans.
Question 4. Is minimum salary required to receive mortgage loans?
No, minimal requirement is not set.
Question 5. Which documents are required for the initial appraisal of the borrower?
No documents are required for this. Only filling in the appropriate application and submitting of the appropriate information is required.
Question 6. What expenses does the borrower face to take the credit?
see Expenses regarding borrowing mortgage loans.
Question 7. Is there any age restriction for taking the loan?
The age of the debtor or joint debtor should not be below the level of retirement age for the last payment date of the loan (for males 62, for females 57). That means, if debtor is 50 years old to the moment of the concluding credit contract, then the length of the contract can not exceed 12 years.
Question 8. Can a person possessing residential area in his property take mortgage loan?
No restriction is set.
Question 9. Is it possible to buy the apartment or house located in the regions by means of mortgage loan?
Mortgage lending covers whole territory of Azerbaijan.
Question 10. What are mortgage deed and mortgage loan?
Mortgage deed – is a named security defining the mortgage right. However mortgage loan is a security of the debt emitted with the purpose of attracting financial means and secured with the mortgage (immovable property).
Question 11. Who realize the emission of the mortgage deed and loan?
Mortgage deed is concluded between mortgagor and mortgagee and registered by the government. However, the mortgage is emitted by the mortgagee.
Question 12. Are the mortgage deed and mortgage loan secured by the Fund’s resources?
Mortgage deed and mortgage loan are secured with the immovable property that is mortgage subject due to the mortgage contract.
Authorized Credit Organizations. .
Question 2. Where is it possible to get answers to the questions and initial information?
Authorized Credit Organizations, insurance and Evaluation companies Azerbaijan Mortgage Fund. It will be possible to get initial information and services from Mortgage Agencies and Brokers as the mortgage infrastructure expands in the future.
Question 3. Under which conditions are the mortgage credits lent?
see Rules on lending Mortgage loans.
Question 4. Is minimum salary required to receive mortgage loans?
No, minimal requirement is not set.
Question 5. Which documents are required for the initial appraisal of the borrower?
No documents are required for this. Only filling in the appropriate application and submitting of the appropriate information is required.
Question 6. What expenses does the borrower face to take the credit?
see Expenses regarding borrowing mortgage loans.
Question 7. Is there any age restriction for taking the loan?
The age of the debtor or joint debtor should not be below the level of retirement age for the last payment date of the loan (for males 62, for females 57). That means, if debtor is 50 years old to the moment of the concluding credit contract, then the length of the contract can not exceed 12 years.
Question 8. Can a person possessing residential area in his property take mortgage loan?
No restriction is set.
Question 9. Is it possible to buy the apartment or house located in the regions by means of mortgage loan?
Mortgage lending covers whole territory of Azerbaijan.
Question 10. What are mortgage deed and mortgage loan?
Mortgage deed – is a named security defining the mortgage right. However mortgage loan is a security of the debt emitted with the purpose of attracting financial means and secured with the mortgage (immovable property).
Question 11. Who realize the emission of the mortgage deed and loan?
Mortgage deed is concluded between mortgagor and mortgagee and registered by the government. However, the mortgage is emitted by the mortgagee.
Question 12. Are the mortgage deed and mortgage loan secured by the Fund’s resources?
Mortgage deed and mortgage loan are secured with the immovable property that is mortgage subject due to the mortgage contract.