Who qualifies for the subsidised state mortgage?
The subsidised (social) mortgage is funded by the Azerbaijan Mortgage and Credit Guarantee Fund at 4% a year for up to 30 years and is limited to specific categories: young families, military and security personnel, families of martyrs and National Heroes, teachers, doctors, researchers, civil servants with over 3 years of service, and internally displaced persons. Each category has extra conditions (age, service length, housing norms).
The subsidised mortgage is about half the cost of a regular one, so demand exceeds the quota and the Fund checks conditions strictly. Belonging to a category is not enough: the apartment's area must meet the norm, a down payment (usually 10%) is required, and the family must not own another home. The Fund's terms and limits are updated periodically; check current figures on its official website before applying. Below we explain the categories, general requirements and the process.
What you need
- 1 Proof of belonging to a preferential category (marriage certificate and age, service ID, employer certificate, etc.)
- 2 Azerbaijani citizenship; borrower under 65 at loan maturity
- 3 Official income: the monthly payment should not exceed roughly 70% of household income
- 4 The apartment must meet the Fund's requirements (title extract, area norm, building age) and a down payment (usually 10%)
Bank offers that fit this case
| Bank | Loan | Rate | Term | |
|---|---|---|---|---|
Unibank
|
Unibank - Dövlət İpotekası | 8% | 300 mo. | Details |
Rabitəbank
|
Sərfəli ipoteka krediti | 8% | 300 mo. | Details |
Yelo Bank
|
Yelo - Dövlət İpotekası | 8% | 300 mo. | Details |
Bank Avrasiya
|
İpoteka krediti | 7.3%% | 300 ayadək mo. | Details |
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VTB Bank
|
VTb Daxili İpoteka | 8% | 300 mo. | Details |
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Bank BTB
|
AİKZF hesabına ipoteka krediti | 8%% | 300 ayadək mo. | Details |
Yapı Kredi Bank
|
Güzəştli İpoteka Krediti | 4%% | 360 ayadək mo. | Details |
|
Bank BTB
|
“MİDA” İpoteka kreditləri | 4%% | 360 ayadək mo. | Details |
Sample calculation
Estimated figures for 80 000 AZN over 240 months at ~4% effective rate. The exact number depends on the bank.
How to apply?
What to watch for?
- ✓ In the young-family category both spouses' ages and the marriage duration are checked; confirm you fit the age limit before applying.
- ✓ The Fund's electronic system (E-ipoteka) has a queue and limits: prepare all documents and submit in one go.
- ✓ Check the apartment's title extract and area norm before choosing it; most rejections are about the property, not the borrower.
- ✓ Alongside the subsidised mortgage there may be state support programmes for the down payment; ask the bank.
Frequently asked questions
What is the age limit to count as a young family?
Under the Fund's rules neither spouse may exceed a set age (currently 35). Check the exact limit and the marriage duration requirement on the Fund's website.
What is the maximum subsidised mortgage?
The cap is raised periodically; it is currently around 100,000 AZN (it may differ between Baku and the regions). Anything above the cap is covered by your down payment.
Can I have both a subsidised and a regular mortgage?
The subsidised mortgage is for a family's only housing need; if you have already bought a home with one, a second subsidised mortgage is not granted. A regular mortgage depends on the bank's assessment.
Related questions
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