Interest-free mortgage loans are proposed to be given to youth in Azerbaijan

Azerbaijan’s Ministry of Youth and Sports has shown an initiative to give preferential mortgage loans to youth, This proposal was sounded by the Minister Azad Rahimov: "We would like young people to obtain mortgage loans with interest-free credit".

The minister told journalists that he supported the extension of program of social mortgage loans: "We wish the realization of social mortgage loan and allocation of big funds to this program".

Note that, at present, mortgage loans on account of state fund are given with 8%, social mortgage loans with 4% in Azerbaijan.


/APA/