Mortgage loan
As each of us has an apartment, Yapı Kredi Bank offers a mortgage at the expense of the Azerbaijan Mortgage Fund.
Mortgage loan terms issued by Azerbaijan Mortgage Fund (AMF):
Amount – up to 150 000 AZN
Period – 36 – 300 months (36 - 360 months for preferential mortgage)
Annual rate – 8% (4% for preferential mortgage)
Commission – 0.1% + 1 AZN (the mentioned commissions do not include insurance costs)
Down payment - 30% in standard and social mortgage loans
Guaranteed fund loans and mortgage loans for the purchase of residential areas located in multi-apartment residential buildings built after January 1, 2013. - 20% (both for standard and social loans)
Payment method – annuity (equated monthly installments)
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Documents
Documents required for initial assessment of mortgage loan:
1. Identity card of the borrower (joint borrower) and a notarized copy thereof.
2. The certificate of marriage (or divorce) and notarized copy thereof.
3. Identity cards or birth certificates of adult and juvenile family members living together with the borrower (joint borrower) and notarized copy of them.
4. The borrower’s (joint borrower’s) contract of employment or a copy of the employment record book verified by the relevant HR Department
5. Documents confirming the borrower’s (joint borrower’s) incomes (references from the primary or if applicable, additional employer, bank extractions from the salary cards within 12 months etc.)
Additional documents required in case the borrower belongs to a preferential category:
1. A document stating that the borrower belongs to a preferential category.
Documents required if the borrower is an individual entrepreneur:
1. Copy of entrepreneur’s certificate of registration by the tax agencies.
2. Income tax or a simplified tax statement approved by the tax agencies. -
Requirements
1. The mortgage object can be only an apartment or a private home.
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