To the attention of citizens who want to obtain apartments at the expense of preferential mortgage loans!

According to the letter dated July 08, 2021 received by the State Housing Development Agency from the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan, it has been reported that the Fund temporarily suspended the use of the limits set by “Bank BTB“ OJSC for the issuance of preferential mortgage loans, including the acquisition of apartments at the Agency`s disposal.

On August 17, 2021, the next project of the State Housing Development Agency, the sale of affordable apartments in Sumgait will begin. The sale of apartments is intended both with the use of mortgage loans, and with the payment of citizens at their own expense.

It should be noted that in accordance with the “Rules of acquisition by citizens of apartments being at the disposal of the State Housing Development Agency”, a person who has a user account who wants to get an apartment at the expense of a preferential mortgage loan must:

  • must apply to the agent banks for a preliminary approval decision;
  • must ensure that the initial approval decision received from the agent bank is posted in the user account in the “Affordable housing” system.

In this regard, we would like to inform you that the citizens who has a user account who wants to get an apartment at the expense of a preferential mortgage loan can apply to “Kapital Bank“, OJSC, “Azer-Turk Bank“, OJSC, “Bank VTB“ (Azerbaijan) OJSC, “International Bank of Azerbaijan“ OJSC and “TuranBank“, OJSC which  have signed a cooperation agreement with “MIDA“ LLC, to obtain a preliminary approval decision. 

 

State Housing Development Agency of the Republic of Azerbaijan

© 2021
 

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