Maqsadli ipoteka
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Section 1. Main Deposit Terms |
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1. Deposit Name |
“Maqsadli ipoteka” |
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2. Deposit Currency |
(UZS) |
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3. Annual Interest Rate* |
14% |
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4. Capitalization of Accrued Interest |
Not provided |
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5. Deposit Term |
12 months |
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6. Minimum Deposit Amount |
UZS 1,000,000 |
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7. Interest Payment Terms |
Not provided. If the Bank grants a mortgage loan, the deposit amount together with accrued interest is transferred to the developer’s account as part of the down payment. |
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8. Deposit Opening Method |
At Bank Branches |
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9. Additional Contributions |
Additional contributions are allowed throughout the term of the deposit agreement. |
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10. Automatic Renewal (upon maturity, unilateral renewal by |
Not provided |
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11. Other Conditions |
The “Maqsadli ipoteka” deposit may only be opened by an individual eligible for a state subsidy covering part of the mortgage loan down payment under the legislation of the Republic of Uzbekistan. |
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Section 2. Other Important Terms |
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1. Partial Withdrawal before Maturity |
Not provided |
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2. Early Termination of the Deposit Agreement |
If the Bank refuses to grant a mortgage loan, the depositor may withdraw the deposit before maturity together with interest accrued in full for the actual period during which the funds remained on deposit. |
INFORMATION SHEET on the main terms of the term deposit
INFORMATION on the deposit guarantee system in the Republic of Uzbekistan
