Interest rates
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Expenses concerning mortgage

Charges and terms  for official registration of Mortgage loans 

Name of activity 
Charges (AZN)
Name of organization performing activity 
AR Law “About State Charges” 
For mortgage agreements signing as guaranty of Loan agreements  28 Notarial offices Article 10.4.3
For confirmation of purchase and mortgage agreement signed as Composite agreement for dwelling area purchasing by mortgage loan    Notarial offices Article 10.4-1
In Baku city 110
In other city and regions 44
For confirmation of purchase and mortgage agreement signed as Composite agreement for dwelling area purchasing by social mortgage loan considered in Legislation:   Notarial offices Article 10.4-2
In Baku city 55
In other city and regions 22
For giving reference from state registration about limitation (loadness) of rights on real estate(Form 1) 10 State Register Service of Real Estate Article  26.6
Giving of extract about state registration of property rights on real estate  30 State Register Service of Real Estate Article 26.1.1
For state registration of mortgage  20 State Register Service of Real Estate Article 26.2
Repeated and additional state registration of mortgage  10 State Register Service of Real Estate Article 26.4
Absolution of real estate from load by mortgage  10 State Register Service of Real Estate Article  26.4
For confirmation of person’s signature preparing mortgage paper 0,25 Notarial offices Article 10.16
For state registration of mortgage paper  5 State Committee on Securities Article 21.5
For additional registration of mortgage paper  2 State Committee on Securities

Article 21.6


Insurance expenses

Type of insurance
Average amount
Term
Private accident and sickness insurance 0,5%-0,7% of loan amount  During 3-5 days 
 During 3-5 days 
Mortgage object insurance 0,5%-0,7% of loan amount 

During 3-5 days 


Evaluation of mortgage object 

Description of property 
Average amount
Term
Flats:   During 1-3 days 
1-3 room 50-70 AZN
Many room 80-100 AZN
Private apartment  100-120 AZN  


Terms

Performing activity name
Term Legislation
For giving reference from state registration about limitation (loadness) of rights on real estate(Form 1) During 5 working days  AR Law “About State registration of real estate”, Article 5.3.
Giving of extract about state registration of property rights on real estate During 20 working days  AR Law “About State registration of real estate”, Article  9.2
State registration of mortgage  During 5 working days  AR Law “About State registration of real estate”, Article 20.3
State registration of Mortgage paper During 3 working days  2.2nd paragraph of “Rules of mortgage paper state registration”
Aditional registration of mortgage paper 
During 2 working days  3.3rd paragraph of “Rules of mortgage paper state registration”
Translations are not official and not notarially approved.
NUMBER OF MORTGAGE borrowers
1
8
1
6
2
The amount of mortgage loans
741 325 449   

Authorized organizations