More than 400 mortgage loans taken out since state-funded program restarted

More than 400 mortgage loans taken out since state-funded program restarted
# 03 August 2009 13:30 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Since the resumption of state mortgage lending programme in Azerbaijan two months ago, Azerbaijan Mortgage Fund has received more than 1 200 applications for ordinary mortgage loan and 150 applications for preferential social mortgage loans.

According to calculations, applications request for AZN 51 million and AZN 5 million in total respectively, said the Fund.

Of them, more than 400 people took out mortgage loans worth of AZN 17 million in total.

AZN 34 million was earmarked from the government funds for mortgage loans this year.
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