Since early this year issued 42 million manat mortgages

The volume of mortgage lending at the expense of the Azerbaijan Mortgage Fund (AMF) in January-April 2014 amounted to 42 million manat (30.8% as of 1 May last year). According to the report of the Central Bank (CBA), the peak of lending was in April - this month gave the agent banks in need of housing 14.6 million manat.

Foundation 4 months refinanced loans worth 38 million manat. During the period taken by the AMF bonds worth 20 million manat.

AMF, created in 2005, on commercial terms with July 1, 2009 mortgage loans citizens through 28 authorized banks. Loans are granted for a period of 3 to 25 years, the maximum loan must not exceed 50 000 manats at the rate of not more than 8% per annum.

Social mortgage financed from the state budget. Its maximum size is also 50 000 manats, but at a maximum rate of 4% per annum.

The volume of mortgage lending at the expense of the Azerbaijan Mortgage Fund (AMF) in 2013 amounted to 112.9 million manat. Annually from the budget allocated for social mortgage 40 million manat. -17D-