AZN 25 million lent in mortgage loan in Azerbaijan this year

AZN 25 million lent in mortgage loan in Azerbaijan this year
# 17 August 2009 13:43 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Since the restart of state-funded mortgage lending programme in June this year, about 600 homebuyers have taken out mortgage loans worth of AZN 25 million in total through funding from Azerbaijan Mortgage Fund (AMF).

In total more than AZN 100 million has been lent in mortgage loans to about 2 600 families since the launch of the mortgage program in March 2006.

AMF agent banks lend mortgage loans of up to AZN 50 000 for 3 to 25 years at annual rate of 8%.
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