Mortgage loan for purchasing housing (apartment) in the primary market
Private joint-stock bank “Trustbank” is introducing another mortgage loan. Funds from JSC “Uzbekistan Mortgage refinancing company” will be allocated to the public for purchasing apartments in multi-story residential buildings on the primary market. Acquire your dream apartment through this credit product.
TERMS AND CONDITIONS FOR GRANTING MORTGAGE LOANS TO THE POPULATION USING THE FUNDS OF JSC MORTGAGE REFINANCING COMPANY OF UZBEKISTAN FOR THE PURCHASE OF APARTMENTS IN MULTI-APARTMENT RESIDENTIAL BUILDINGS ON THE PRIMARY MARKET
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№ |
Indicator |
Terms and conditions |
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1 |
Client (Borrower) |
An individual (citizens and residents of the Republic of Uzbekistan having an income source) |
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2 |
Purpose of the credit |
Purchase of an apartment in a newly constructed multi-apartment residential building on the primary market |
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3 |
Credit source |
At the expense of funds of JSC Mortgage refinancing company of Uzbekistan |
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4 |
Amount of the credit |
For the Republic of Karakalpakstan and regions - up to UZS 500.0 million For the city of Tashkent - up to UZS 800.0 million (If the limit amount is increased by Decree of the President of the Republic of Uzbekistan, the credit limit automatically changes) |
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5 |
Credit utilization period |
Up to 240 months |
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6 |
Initial payment |
25 percent |
40 percent |
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7 |
Interest rate (nominal) during the credit utilization period |
CB base rate+6 percent |
CB base rate+5,5 percent |
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8 |
Method of credit repayment |
Annuity method or differential method (no grace period) |
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9 |
Number of co-borrowers |
Up to 3 persons |
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10 |
Form of credit disbursement |
Non-cash transfer to the bank account of the contractor (developer)
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11 |
Monthly incomes |
Salary (income from the last place of work for at least 6 months) |
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12 |
Collateral |
Housing (apartment) being purchased with the credit |
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13 |
Residential property insurance |
Insurance in the amount of 100% of the residential property value |
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14 |
Eligibility criteria for borrowers/co-borrowers (individuals) |
- On the date of application: has reached 18 (eighteen) years of age and not older than 60 (sixty) years citizen of the Republic of Uzbekistan or resident. - Have permanent employment (permanent income), sufficient for monthly payment of calculated interest on the mortgage loan and the principal debt according to the payment schedule, as well as other sources of income not prohibited by law and documented. |
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