Rabitabank Offers Preferential Mortgage Financing under the MIDA Program

Rabitabank offers preferential mortgage loans for MIDA housing projects under the mechanism of the Azerbaijan Mortgage and Credit Guarantee Fund. Eligible citizens can apply for preliminary loan approval through Rabitabank's online application platform without visiting a branch. Once all required documents are submitted, the loan is processed within one business day.

Under the MIDA program, preferential mortgage loans are available for up to AZN 100,000, with an annual interest rate of 4% and a minimum down payment of 10%. The loans are issued in Azerbaijani manat (AZN) and are available to citizens of the Republic of Azerbaijan.

The program is available to individuals who belong to the categories defined by legislation and have selected a property through the "Preferential Housing" electronic system. Eligible categories include young families, family members of martyrs, National Heroes of Azerbaijan and veterans of the Patriotic War and their family members, internally displaced persons, civil servants, teachers, military personnel, employees of internal affairs bodies, researchers, and other beneficiaries defined by law.

The loan is granted in accordance with the legislation of the Republic of Azerbaijan. By the final repayment date, the borrower's age must not exceed the statutory retirement age, and the property being purchased must be appraised by an independent valuer approved by the Azerbaijan Mortgage and Credit Guarantee Fund. A family or individual may benefit from the preferential mortgage program only once.

For more information or to apply, please visit: https://rbt.az/mida

Through its preferential mortgage program, Rabitabank provides eligible citizens with access to housing finance in accordance with the applicable legislation. The Bank's financing solution offers a reliable opportunity for customers to purchase a home with government support.

For your information, Rabitabank OJSC has been operating since 1993, providing modern and accessible financial services under its "Convenient Banking" concept. The Bank's authorized capital amounts to AZN 101.3 million. With its extensive branch network, digital banking solutions, and professional team, Rabitabank continues to deliver value-added services to its customers. The Bank's principal shareholders are Zakir Alibala Nuriyev, President of the Azerbaijan Banks Association, and businessman Rauf Zeynal Aliyev.

Currently, Rabitabank OJSC provides a comprehensive range of banking services through 31 service outlets across Baku and 19 regions, 78 ATMs, the Rabita Mobile, Rabita Junior, and Rabita Business applications, its Internet Banking platform, and the 133 Contact Center.