Mortgage Loans for the Purchase of Housing from "Golden House Property Group"

No.

Parameter

Conditions

1

Client

Individual (citizen of the Republic of Uzbekistan)

2

Credit Purpose

Purchase of residential property (apartments) on the primary market (being constructed by enterprises affiliated with "GOLDEN HOUSE PROPERTY GROUP" construction company)

3

Amount

For the purchase of housing (apartment) in a multi-apartment building: up to 2,500 times the base calculation amount, comprising:

1) The portion refinanced by the Ministry of Economy and Finance:

— For the Republic of Karakalpakstan and regions: up to UZS 380,000,000

— For the City of Tashkent: up to UZS 480,000,000

2) The remaining portion is funded from the Bank's own resources.

4

Term

— The portion refinanced by the Ministry of Economy and Finance: no more than 20 years

— The portion funded from the Bank's own resources: no more than 10 years

5

Down Payment

For the portion refinanced by the Ministry of Economy and Finance

Permanent source of income

Self-employed clients

15%

20%

For the portion funded from the Bank's own resources

Permanent source of income

Self-employed clients

20%

20%

6

Annual Interest Rate

Portion refinanced by Ministry of Economy and Finance

Portion funded from Bank's own resources

20.0%

25%

7

Repayment Method

Annuity or differentiated method

8

Borrower Age Requirements

For the portion refinanced by the Ministry of Economy and Finance:

— aged 20 to 60.

For the portion funded from the Bank's own resources:

At the date of final repayment:

— Men: no older than 65 years;

— Women: no older than 60 years.

9

Monthly Income

Salary (income for at least the last 6 months at the most recent place of employment)

10

Number of Co-borrowers

Up to 2 (two)

11

Collateral

— Residential property (apartment) being purchased with the credit.

— Equity participants may, in accordance with the Bank's internal credit policy, use property of the contractor organisation or other assets not prohibited by law as collateral for the mortgage loan. (Until the construction works are completed and the cadastral documents are formalised, a credit default insurance policy shall be provided for the term stipulated in the agreement plus 6 months.)

If the borrower has provided another form of collateral at the time of obtaining the credit, upon completion of construction and formalisation of the cadastral documents, the credit collateral shall be replaced with a mortgage over the said residential property.

12

Documents Required

Passport (ID card), sale and purchase agreement, collateral documents, cadastral documents.

13

Eligibility Criteria for Borrowers/Co-Borrowers (Individuals):

— must have a permanent place of employment and/or permanent income from a personal subsidiary or peasant farm, or from individual entrepreneurial activities, as well as other documented and legally permissible sources of income sufficient to make monthly payments of accrued interest and principal on the mortgage loan in accordance with the payment schedule;

— the debt service ratio must not exceed 50% (effective from 1 January 2025). (For self-employed individuals, the debt service ratio is not taken into account.);

— no overdue debt with banks or other credit organisations at the time of consideration of the mortgage loan application;

(For self-employed individuals: the outstanding credit balance at banks and other credit organisations at the time of obtaining the mortgage loan must not exceed 20% of the value of the residential property (apartment) being purchased with the credit.)

14

Other Conditions

Upon completion of construction and formalisation of the cadastral documents, the residential property (apartment) purchased with the credit shall be pledged to the Bank as collateral, and from the date of allocation of resources by the Ministry of Economy and Finance (for the portion refinanced by the Ministry of Economy and Finance), the annual interest rate shall be calculated at the Central Bank's current refinancing rate plus 4 (four) percent.

During the period from the date the mortgage loan is disbursed to the client until the cadastral documents are fully formalised and the residential property (apartment) purchased with the credit is pledged as collateral, the client's continuous failure to make credit payments for 90 (ninety) days shall constitute grounds for the Bank to unilaterally terminate the mortgage loan agreement concluded with the client.

No.

Banking Service Office

Phone Number

1

"Operations Department"

(+99871) 207-62-84

2

"Tashkent" BSO

(+99871) 230-40-92

3

"Darkhan" BSO

(+99871) 237-06-45

4

"Yakkasaray" BSO

(+99871) 255-18-70

5

"Andijan" BSO

(+99895) 202-03-10

6

"Namangan" BSO

(+99869) 223-19-65

7

"Samarkand" BSO

(+99866) 237-74-02

8

"Termez" BSO

(+99876) 227-35-00

9

"Qarshi" BSO

(+99875) 227-25-25

10

"Fergana" BSO

(+99873) 244-40-28

11

"Jizzakh" BSO

(+99872) 226-20-16

12

"Bukhara" BSO

(+99865) 505-06-06

13

"Bektemir" BSO

(+99855) 901-10-10

14

"Digital" BSO

(+99855) 506-07-60