Loan assignment

Is given with property mortgage within conditions determined by purpose to meet financial needs of the individuals. Application, identity card of client, document which approves income, evaluation act of  pledged property, document (extract from State Registry) which approves property right on mortgage place and technical passport (if needed).

Required  documents

Document which approves no restriction and charging under other obligations of mortgage object given by state registration authority- 

Form-1, certificate about persons who are registered in mortgage place- Form 2, copy of document which approves identity of mortgagor, copy of agreement of husband and wife, as well as family members who are adult and have registration in mortgage object about sales under putting of mortgage object to mortgage and extrajudicial of submitted to notary services, if owner of mortgage object is not adult person, in this case copy of agreement of legal guardianship authorities within framework of his interests.

Required  documents for guarantor

Guarantor's identity card and a certificate of employment

Minimal loan amount

5000 AZN or equivalent.

Maximum loan amount

50000 AZN or equivalent.

Fee and other costs 

1%

Minimum common monthly income

500 AZN (with deductoin of taxes– for the borrower and guarantors)

Minimum work experience

6 months

Age of applicant

18 – 65

Guarantee

Real estate mortgage not less than 150 % of loan is required , additonally bail of mortgage owner is obtained.

Insurance

– mortgaged property should be insured as gurantee
– insurance amount is calculated over market price of mortgaged

   property

– period of insurance certificate should be similar with loan period