New limits allocated to Azerbaijani banks for mortgage loan

The Mortgage and Credit Guarantee Fund of Azerbaijan (MCGF) has allocated limits for issuing mortgage loans, including preferential mortgage loans, to authorized banks, Report informs, citing MCGF.

"Acceptance of applications for ordinary mortgage loans will start on February 2 at 11 am (GMT+4). Additional information will be provided regarding the acceptance of applications for preferential mortgage loans," MCGF said.

Applications for mortgage loans are accepted in real time through the Electronic mortgage and credit guarantee system available on the Electronic Government Portal (www.e-gov.az).

Information on the conditions of mortgage loans can be obtained from the Fund's official website (www.mcgf.gov.az/menu/46).