— Mortgage loan is issued at the expense of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan — Currency: AZN — Amount: cannot exceed AZN 100,000 and 70% of the market value of the purchase — Term: from 3 to 25 years (in social mortgage loans till 30 year) — Commission: 0,1% — Annual interest rate: cannot exceed 8% — Collateral: acquired home or apartment — Mortgage value: calculated by independent appraisal companies — Mortgage recipien: t must be the Azerbaijani citizen — Repayment: equal monthly installments (annuity). Each installment cannot exceed 70% of the total monthly income of the borrower (s) — Insurance: the life and ability to work of the borrower as well as the mortgage object must be insured to the amount equaling the amount of the loan — Deadline for loan repayment: cannot exceed the legal pension age of the borrower — Repayment of the loan: the mortgage payment can be made on the Government Payment Portal https://gpp.az/ or in the UBank app in the "Government Payments" section. — Loan application: Applications for a mortgage loan are only available on the E-Government portal (www.e-gov.az). When registering an application, borrowers must receive an Electronic Signature Token (www.e-imza.az) or "ASAN imza" (www.asanimza.az).
From 10.06.2021 to 30.09.2021, you can buy an apartment at an interest rate of 7% per annum. Ordinary mortgage loans at 7% per annum apply to the following persons: - Customers who receive a salary from Unibank (with an initial payment of at least 30%) - Customers who make an initial payment of 40% or more.
— The documents testifying the source of income over the last 12 months and the payments from the income to the Pension Fund — The document testifying the right of ownership of the purchased property — The document that indicates family composition — Other documents recommended by Unibank’s loan officer
* Note: Copies of the submitted documents must be notarized.
— Following members of young families: 1. Members of martyr’s family (spouse, children); 2. National Hero (themselves, spouse, children); 3. Hero of the Patriotic War of the Republic of Azerbaijan (himself, husband/wife, children) 4. IDPs (internally displaced persons) or persons with an equivalent status; 5. Person who was employed as a public servant for at least 3 years, as well as those who serve for a special type of public service; 6. Teacher working for a general education school for at least 3 years; 7. Person with PhD degree; 8. Persons with outstanding athletic accomplishments (honorary physical education and athletic trainers, winners of national competitions (I place), medalist of international competitions (I, II or III place)).
— Person with the degree of doctor of sciences; 1. Person who was employed as a public servant for at least 15 years; 2. Workers in the scientific sphere for at least 3 years; 3. Military servicemen of the Republic of Azerbaijan employed in the military service for at least 3 years, including those who are in the reserve forces and those who are retired from military service (except for the active military servicemen), (except for the military servicemen who are in the reserve forces and those who are retired from military service in the cases specified by the clauses 41.0.6, 41.0.7, 41.0.8, 41.0.10, 42.0.3, 42.0.4 and 42.0.5 of the Law “on military title and military service” of the Republic of Azerbaijan); 4. Person with special title who served for the authorities of internal affairs for at least 3 years. 5. Teacher working for a general education school for at least 15 years;
Note: A family or a person who has the right to use a affordable mortgage loan can use this right only once.