Bank Respublika granted regional mortgage

Maximum amount of mortgage granted by the Bank was AZN30 thousand while the minimum amount was AZN10 thousand, 5 of which were awarded for 15 years and the rest 2 for 10 years period.

Bank Respublika Head Office has told APA that one of the mortgages was granted by Guba branch. It is also reported that 3 more mortgages was approved in the Loan Committee of the Bank, one of which is a regional mortgage to be granted by Ganja branch.

Mortgage may be granted for 3-15 years and its maximum amount is AZN30 thousand. The amount may not exceed the price of the house or apartment by 70%. Monthly payments may not be determined more than 50% of a grantee.