Credits

Mortgage loan

26% per annum

Interest rate

Up to 180 months

Credit term

Up to 3200 BRV for Tashkent, up to 2400 BRV for Republic of Karakalpakstan and regions of Uzbekistan

Loan amount

General terms

Loan target

For the purchase of an individual residential property or an apartment in a multi-unit residential building on the primary or secondary market under an investment agreement.
Refinancing of previously obtained mortgage loans.

Loan currency

Sum

Loan amount

Up to 3200 BRV for Tashkent, up to 2400 BRV for Republic of Karakalpakstan and regions of Uzbekistan

Initial payment

From 26% (with official income), from 30% (for self-employed individuals) of the cost of the property

Interest rate

26% per annum

Credit term

Up to 180 months

Loan processing method

Bank branch

Collateral

- An individual residential house or an apartment in a multi-unit residential building purchased with the loan proceeds shall be accepted as collateral at a value of not less than 125% of the loan amount.
- When a mortgage loan is granted on the basis of an investment agreement for the purchase of an individual residential house or an apartment in a multi-story residential building in the primary market, and before a mortgage agreement on the acquired property is executed, another residential or non-residential property with a value of not less than 125% of the loan amount shall be provided as collateral.
- Collateral for loans granted to persons related to the bank must be valued at not less than 130% of the loan amount.

Grace period

yes (12 months)

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

An individual who is a resident of the Republic of Uzbekistan, is at least 18 years old as of the date of the Loan disbursement, and is no older than 65 years of age as of the date of the final repayment of the loan.

Loan Provision Order

Non-cash

Required Documents

- Investment Agreement or Preliminary Sale and Purchase Agreement;
- Permit issued by the authorized authority for the construction of the building in which the property being purchased is located (for the purchase of property on the primary market);
- Collateral documents;
- Report of an independent appraisal organization on the valuation of the real estate provided as collateral;
- Cadastral documents and documents confirming ownership of the property being purchased (for the purchase of property on the secondary market);
- Document confirming the formation of the down payment;
- Identity document of the Borrower/Co-Borrower(s) and the Seller (passport, ID card, etc.);
- Self-Employment Certificate (when granting a loan to self-employed individuals);
- Income information of the Borrower/Co-Borrower(s).

Additional Conditions

Loan Amount:
For the city of Tashkent:
- for individuals with official income - 3,200 BRV;
- for self-employed individuals - an amount not exceeding 2,000 BRV;

For the Republic of Karakalpakstan and the regions:
- for individuals with official income - 2,400 BRV;
- for self-employed individuals - an amount not exceeding 1,300 BRV.
The Borrower’s/Co-Borrower’s debt service-to-income ratio (DTI) must not exceed 50%.
* Permissible level of overdue debt during the last 3 years according to the credit history: 1. For borrowers with official income: 10 instances of 30+ days overdue;
5 instances of 60+ days overdue.
2. For self-employed individuals: 8 instances of 30+ days overdue;
3 instances of 60+ days overdue.
* No current outstanding debt with the Bureau of Compulsory Enforcement (BPI).
- This mortgage loan may be granted by accepting, as additional collateral, a residential property previously purchased using a mortgage loan and currently pledged as collateral, in accordance with the requirements established by the legislation of the Republic of Uzbekistan.
- The housing purchased with the loan must have been registered in the seller’s name at least 3 months prior to the transaction.

Early repayment

Early repayment can be made at any time, either in full or in part