TODAY.AZ / Business

Azerbaijani Mortgage Fund allotted 14 mortgages in June

06 July 2006 [01:53] - TODAY.AZ
Azerbaijani authorized credit institutions received 113 official appeals from the citizens about mortgage crediting within 4 months.

37 citizens could take out a mortgage in this period.

Azerbaijani Mortgage Fund (AMF) told APA that 47 people applied for credit in March, 30 in April, 15 in May, 21 in June. And 4 people could obtain the credit in March, 6 in April, 12 in May, 14 in June.

3 citizens took out AZN 10 000, 14 citizens took out AZN 10 001-20 000 and 20 took out AZN 20 001-30 000.

As to annual average indicators of mortgage credits sphere, the apartment price was AZN 34 002, amount of the mortgage was AZN 20 979, the apartment was 57 sq meter, per square meter AZN 594 and monthly repayment was AZN 283.

From March 1, citizens started to appeal to AMF for taking out a mortgage through 15 authorized banks. Bank Standard was the first to grant the mortgage credit. AZN 26mn has been allocated from this year’s state budget for AMF.


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