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.
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