A land loan is a type of mortgage that allows you to buy a plot of land in Baku, Sumgait, Absheron, Ganja, Shamakhi, Gabala, Guba, Gusar, Khachmaz regions for a maximum amount of up to 150 000 manats.
Any client who receives a salary through cards of the Bank ABB or other banks
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Maximum amount 1 |
150 000 AZN |
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Duration |
Up to 60 months |
61 – 120 months |
121 – 180 months |
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Annual interest rate 2 |
12% |
14% |
15% |
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Minimum down payment |
30% |
30% |
40% |
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Commission fee |
Up to 120 months – 1% 121 - 180 months – 1.5% |
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Payment type |
Monthly annuity |
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Insurance |
If the land plot is bought in the territory of Baku, Sumgait and Absheron - only life insurance, if the land plot is bought in the region, life insurance and property insurance of real estate are accepted as second security. |
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Guarantee |
If a land parcel is acquired in the regions of Baku, Sumgayit, and Absheron, it can be used as collateral. If the land is purchased in Ganja, Shamakhi, Gabala, Guba, Gusar, Khachmaz regions, the land and real estate in Baku, Absheron and Sumgait are pledged as collateral and the property is insured. In this case, the value of real estate in Baku, Absheron and Sumgait is taken into account when calculating the KTN coefficient. |
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1 The loan amount must not be higher than the total liquid value of the collateral.
2 The annual interest rate of the housing loan may vary according to the total income of the customer.
A land loan is a type of mortgage that allows you to purchase land in Baku, Sumgait, Absheron, Ganja, Shamakhi, Gebele, Guba, Gusar, Khachmaz regions up to a maximum of AZN 150 000.
You will become a landowner with a minimum down payment of 30 percent, maturities of up to 15 years and loan terms with interest rates starting at 12 percent per annum.
Once the initial review of the required documents is done, you can acquire the land you desire through favorable financing from internal funds of Bank ABB.
The loan can be up to AZN 150 000 with a term spanning as long as 15 years.
The commission fee is 1% for up to 120 months and 1.5% for 121-180 months.
Monthly loan repayment is made on an annuity basis.
There is no guarantee.
For land purchases in Baku, Sumgayit, and the Absheron regions, the land itself serves as collateral. However, for land acquisitions in the Ganja, Shamakhi, Gebele, Guba, Gusar, and Khachmaz regions, both the land plot and any real estate located within Baku, Absheron, and Sumgayit are used as collateral and must be insured. In these cases, the value of the real estate in Baku, Absheron, and Sumgait is factored into the KTN coefficient calculations.
The property being bought or property subject to mortgage should be exclusively in the regions of Baku, Sumgait, Absheron, Ganja, Shamakhi, Gebele, Guba, Gusar, or Khachmaz.
ID, bank statement for the last 12 months (minimum 6 months) or a certificate from the e-government portal.
Work experience in the last job must be at least 6 months.
