Construction loan

Who can benefit ?

Client requirements

Terms

Maximum amount

AZN 200 000

Duration

up to 15 years

Annual interest rate

min. 9%

Minimum down payment

min. 20% of the total construction costs

Security

  1. With additional real estate pledge (The ratio of the market value of the pledge to the loan amount must be at least 120%)
  2. With the pledge of the land on which construction will be carried out

Note:

It is not necessary to pledge the land when the ratio of the market value of the pledge to the loan amount is min. 150%.

Type of payment

Monthly annuity

Commission fee

1%

Dept-to-income ratio (DTI)

70% (taking into account other obligations)

Note: Construction loan are issued in Sabail, MXD, Sumgayit, Binagadi and Narimanov branches.

FAQ

About construction loan

  • What are the advantages of construction loan?

Customers with land plots can build private houses as they wish with the Bank ABB’s construction loan.

  • Who can benefit from a construction loan?

Every Azerbaijani citizen between the ages of 20 and 65 with an official income can benefit from this product.

  • Which branches can I get a Construction loan from?

You can get a Construction loan from Sabail, MXD, Sumgayit, Binagadi and Narimanov branches.

Requirements for obtaining a construction loan

  • Is there a pledge request?

Yes. An apartment or a private house located in Baku, Sumgayit and Absheron districts can be pledged.

  • How to get a loan?

After determining the construction company that will build your house, you can go to the branches of the Bank ABB and get a construction loan with the required documents.

  • What documents are required?

Documents of the pledged property and the client's income must be submitted.

Apply now

Do you receive a salary or pension from ABB?
Do you receive a salary or pension from ABB?
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