We are pleased to announce that on 11th June The RoyalBank re-stated issuing mortgage loans to the population.

• Only nationals of the Azerbaijan Republic are eligible;
• Loans must be issued in AZN, with a maximum loan of 50,000 AZN;
• The loan term can be anywhere from 3 to 25 years;
• The interest rate on the loan will be no more than 8%;
• The loan must be secured by real estate. Which value must be determined by an independent  appraiser;
• The loan amount will not exceed 70% of the mortgaged real estate’s market value as of the date the loan is issued;
• The principal and interest on the loan must be repaid monthly in equal installments.  Said installments may not exceed 50% of the aggregate monthly income of the borrower (s);
• The final installment payment must be scheduled to occur before the borrower (s) pension age, as established by legislation;
• The life and work capacity of the borrower, as well as the real estate under the mortgage, must be insured for the loan amount;
• The borrower (s) must pass State registration as specified by legislation.