The loan must be provided in Azerbaijani Manat (AZN);

The loan must be provided to a citizen of the Republic of Azerbaijan;

The loan must be provided for the purchase of residential property with ownership rights registered with the state;

The amount of the preferential mortgage loan must not exceed 90% of the value of the residential property mortgaged at the time the loan is granted, while the amount of a non-preferential mortgage loan must not exceed 85%;

The monthly payment for mortgage loans must not exceed 70% of the borrower's (borrowers') total monthly income. This requirement does not apply in cases where the amount of the mortgage loan is less than 60% of the value of the residential property mortgaged at the time the loan is granted;

The borrower's (borrowers') and their family’s regular payments related to their life and activities must not be less than 50% of the national minimum living standard per family member;

The loan must be secured by a mortgage on the residential property;

The residential property mortgaged must be appraised by an independent appraiser included in the list approved by the Mortgage and Credit Guarantee Fund and who has signed a cooperation agreement with the Fund.

The rights of the mortgage holder must be registered with the state in accordance with the procedures established by law;

The rights of the mortgage holder must be registered with the state in accordance with the procedures established by law;

The principal loan amount and accrued interest must be paid in equal installments each month (annuity payments);

The mortgaged real estate must be insured based on its market value, ensuring that the insurance coverage is not less than the amount of the mortgage-secured loan;

Life Insurance Policy – The borrowers' life insurance must be proportional to their income when calculating the amount of the mortgage loan, and the total amount of life insurance for the borrowers must not be less than the mortgage loan amount;

An individual applying for a mortgage loan must not have any overdue current loan obligations;

The number of borrowers for a mortgage loan cannot exceed three individuals;

An individual can only act as the primary borrower for one mortgage loan and as a co-borrower for another mortgage loan at the same time.
Primary borrower – the person who is the owner of the residential property acquired through the mortgage loan;
Co-borrower – the person whose income is considered when the mortgage loan is granted and who shares responsibility along with the primary borrower;

As co-borrowers for the same mortgage loan, only close family members – spouse, children, and parents – can be included;

Ownership rights for the residential property acquired through the mortgage loan can only be registered in the name of the primary borrower;

Mortgage loans are provided for the purchase of individual residential houses, summer cottages, and apartments located in multi-apartment buildings constructed after January 1, 1970;

Unless otherwise specified by law, the sale or transfer of the residential property acquired through the mortgage loan is not permitted until the obligations under the mortgage loan are fully fulfilled;

A portion of a residential property held in shared ownership cannot be used as a separate mortgage collateral;

A person with a Doctor of Sciences degree;

A person who has served at least 15 years in public service, including those who have served in special types of public service;

A person who has served at least 3 years in the military (excluding those on active duty), as well as military personnel of the Republic of Azerbaijan who have been discharged to the reserve or retired (except for military personnel discharged under the conditions specified in Articles 41.0.6, 41.0.7, 41.0.8, 41.0.10, 42.0.3, 42.0.4, and 42.0.5 of the Law of the Republic of Azerbaijan on Military Service and Military Duties);

A person with a special rank who has served at least 3 years in the internal affairs agencies;

A researcher who has worked in a scientific position for at least 3 years;

A person who has worked as a teacher in a public general education institution for at least 15 years;

A person who has worked as a teacher in a public general education institution for at least 15 years;

A family member of a martyr (spouse);

A Hero of the Patriotic War of the Republic of Azerbaijan (the individual themselves, or their spouse);

National Hero of Azerbaijan (the individual themselves, or their spouse);

The following individuals, who are members of a young family (both individuals entering into marriage must be under the age of 35), are eligible:

·      Children of martyrs;

·      Children of Heroes of the Patriotic War of the Republic of Azerbaijan;

·      Children of National Heroes of Azerbaijan;

·      Internally displaced persons or those considered equivalent;

·      Individuals who have served at least 3 years in public service, including those who have served in special types of public service;

·      Individuals who have worked as teachers in public general education institutions for at least 3 years;

·      Individuals with a Doctor of Philosophy degree;

·      Individuals with special achievements in sports (honorary physical education and sports workers, national-level competition winners (1st place), international-level competition medalists (1st, 2nd, or 3rd place));

·      Journalists who have worked for at least 5 years and are included in the Media Registry.