ECONOMY


President Ilham Aliyev approves regulations on electronic mortgage

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Baku, November 24, AZERTAC

Azerbaijani President Ilham Aliyev has signed a Decree approving the regulations on electronic mortgage.

The regulations specify legal, organizational and technological basics of the electronic mortgage system, which aims to ensure the allocation of mortgage loans, including low-interest loans granted by Azerbaijan Mortgage Fund.

The application of the electronic mortgage system is designed to simplify access to mortgage loans, create equal opportunities for mortgage customers, ensure transparency and efficiency of the review of mortgage requests. The electronic system also aims to save mortgage customers` time and spending as they can submit necessary documents in a real time mode.

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