Mortgage loan for the purchase of housing on the primary market

 №  

Indicator

Terms and conditions

1

 Client (Borrower)

 An individual (citizen of the Republic of Uzbekistan)

2

 Purpose of the credit

 Purchase of housing (apartment) on the primary market (multi-apartment residential building)

3

 Credit source

 At the expense of funds of the Ministry of Economy and Finance of the Republic of Uzbekistan

4

 Amount of the credit

 For the Republic of Karakalpakstan and regions - up to UZS 330.0 million;

 For the city of Tashkent - up to UZS 420.0 million

 (If the limit amount is increased by Decree of the President of the Republic of Uzbekistan, the credit limit automatically changes)

5

 Credit utilization period

Up to 240 months

6

 Initial payment

For clients with a permanent income source

For self-employed clients

15 percent

25 percent

40 percent

25 percent

40 percent

7

 Interest rate (nominal) during the credit utilization period

CB base rate+4 percent

CB base rate+3,5 percent

CB base rate+3 percent

CB base rate+4 percent

CB base rate+3,5 percent

8

 Credit amount to housing (collateral) value ratio

  LTV≤85%  

9

 Method of credit repayment

 Annuity or differential method

10

 Monthly incomes

 Salary (income from the last place of work for at least 6 months)

11

 Number of co-borrowers

 Up to 3 persons

12

 Collateral

 Housing (apartment) being purchased with the credit

13

 Submitted documents

 Passport (ID card), purchase-sale agreement, collateral documents, cadastral documents, if received - subsidy notification

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 (not retired by age) citizen of the Republic of Uzbekistan.

 The Borrower shall have permanent employment or a permanent income from personal subsidiary farming, dekhkan farming, individual entrepreneurship, or other lawful sources of income that are not prohibited by law and are duly documented, sufficient for the monthly payment of calculated interest and principal debt on the mortgage loan according to the payment schedule.

 Debt burden indicator (taking into account the subsidy for covering interest expenses on the mortgage loan, if provided) should not exceed 50 percent.

 At the time of consideration of the mortgage loan application, the borrower must have no overdue indebtedness to the Bank or other credit organizations.

 (Self-employed persons at the time of obtaining a mortgage loan: credit balance in the bank and other credit organizations should not exceed 20 percent of the value of the housing (apartment) being purchased with the credit.)