Credits

Mortgage loan «Royal Residence»

from 23% to 26% per annum

Interest rate

up to 240 months

Credit term

For the purchase of an apartment in a multi-apartment residential building under construction by "Royal Residence" LLC, Tashkent - up to 75% of the property value

Loan amount

General terms

Loan target

For the acquisition of residential units in an apartment building on the primary market, being developed by Royal Residence LLC, based on an investment agreement

Loan currency

Sum

Loan amount

For the purchase of an apartment in a multi-apartment residential building under construction by "Royal Residence" LLC, Tashkent - up to 75% of the property value

Initial payment

Down payment starting from at least 25%

Interest rate

from 23% to 26% per annum

Credit term

up to 240 months

Loan processing method

Bank branch

Collateral

Following the completion of cadastral documentation, the apartment in the multi-unit residential building, acquired using credit funds

Grace period

yes (For the part of the mortgage loan up to 420.0 million soums: from a grace period of 12 months)

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

The loan is available to individuals aged 18 to 60 (inclusive) who have a stable official income or are self-employed, and are citizens of the Republic of Uzbekistan

Loan Provision Order

The funds paid by the client, including mortgage funds, are transferred to the account of LLC "Royal Residence"

Required Documents

1.Personal identification document (passport, ID card, residence permit, etc.);
2. Residential property purchase and sale agreement concluded with the contractor - seller;
3.Loan collateral / security documents;
4.Where applicable, documents confirming the availability of authorization issued by the competent authority for the construction of a multi-storey residential building in which the property financed by the loan is being purchased (hokim’s resolution, etc.);
5. Extract from the cadastral register of the acquired apartment (when establishing a pledge/mortgage);
6. Self-employment certificate (when the loan is granted to self-employed individuals);
7.Additional documents, where required.

Additional Conditions

Interest rate: 1. Until the registration of collateral documents:
- No more than 420.0 million soums - 23% per annum;
- Over 420.0 million soums - 26% per annum;
2. After processing the collateral documents:
Up to 420.0 million soums - the base rate of the Central Bank of the Republic of Uzbekistan + 4% per annum;
For the part of the mortgage loan exceeding 420.0 million soums - the base rate of the Central Bank of the Republic of Uzbekistan + 12% per annum.
Loan term: 1. For the part of the mortgage loan up to 420.0 million soums: with a grace period of 12 months, for a period not exceeding 240 months;
2. For the part of the mortgage loan exceeding 420.0 million soums: without a grace period, for a period not exceeding 180 months.

Early repayment

May be carried out at any time, in full or in part, depending on the client’s preferences

Insurance

Prior to the execution of the collateral agreement, the borrower is required to provide an insurance policy issued by an authorized insurer, covering the risk of loan default and accrued interest