Bank Of Baku

Bank Respublika cheapens mortgage loans

Bank Respublika cheapens mortgage loans
# 05 July 2011 10:08 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s Bank Respublika reduced interest ratio on mortgage loans financed by itself. Bank says now depending on amount and term of the loan, the interest ratio makes 11-13%.

Note that, the maximum amount of the loan can be AZN 250 thousand, term – 10 years. The order is considered by the bank within 3 working days.

“In line with salary in bank’s mortgage program, incomes from other sources are considered as well. And it increases payment capability of customer”, told the bank.
Remind that, Bank Respublika has been in operation since 1992.
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