System of mortgage and warranty and credit fund collapsed

Although the mortgage and credit and warranty fund announced the beginning of accepting applications for mortgage loans today at 11:00, citizens cannot access the system.

Citizens write on social networks about failures in the system.

Customers who turned on the “hot line” report that due to the error in the system the limit was frozen, promising to appoint a new limit and date.

As reported in the mortgage and credit-warranty fund, taking into account the fact that more applications are received on mortgage loans than in the previous period, additional measures are taken to further simplify the use of the electronic mortgage and credit guarantee and ensure the satisfaction of citizens:

“In this regard, the process of accepting applications for mortgage loans, appointed by the Fund on January 24, 2023, was postponed for a short term. Citizens will be provided with additional information on the start of the acceptance of applications on mortgage loans”.

Note that in order to continue the mortgage lending process in 2023, the mortgage and credit and garantging fund, the participating banks were allocated for the issuance of mortgage loans, including preferential mortgage loans.

Acceptance of applications for a mortgage loan is carried out on the portal of the electronic government (www.e-gov.az) in real time through the electronic mortgage and credit warranty system.