“Trastbank”: mortgage loan for purchasing housing in primary and secondary markets
Private Joint-Stock Bank “Trastbank” has launched the provision of mortgage loans using funds from JSC “Uzbekistan Mortgage Refinancing Company”. With this credit product, you can purchase housing in both primary and secondary markets.
TERMS AND CONDITIONS FOR GRANTING MORTGAGE LOANS TO THE POPULATION USING THE FUNDS OF JSC MORTGAGE REFINANCING COMPANY OF UZBEKISTAN
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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 completed residential property (housing) with cadastral registration on the primary and secondary markets |
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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 180 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 |
22,99 percent |
21,99 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 |
- For secondary market housing purchase: transfer to the seller's bank plastic card. - For primary market housing purchase: transfer to the contractor (developer)'s bank account. |
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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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