TODAY.AZ / Business

Mortgage Fund lends first preferential loan through Bank Standard

03 February 2007 [10:20] - TODAY.AZ
The first preferential mortgage loan has been allowed after the presidential decree on improvement of mortgage lending mechanism in the country.

29-year-old Baku resident took out the mortgage from Bank Standard at an interest rate of 4% annually. The apartment is 50 square meters, mortgage term is 30 years, the apartment price is AZN 26,648, and monthly payment is AZN 127, Azerbaijan Mortgage Fund told the APA.

URL: http://www.today.az/news/business/35869.html

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