Loan term

Up to 240 months

Loan purpose

For purchasing an apartment located in a multi-apartment residential building

Annual interest rate

18.00%

Down payment

At least 25% of the apartment price

Loan amount

Based on the amount specified in the sale and purchase agreement

Collateral

The apartment being purchased

Payment frequency

• Principal debt – monthly;

• Accrued interest – monthly;

• Loan interest is calculated on the outstanding loan balance starting from the date the loan is used.

Borrower requirements

• Aged between 18 and 60;

• Must be a resident of the Republic of Uzbekistan;

• Must have a stable official and/or unofficial income;

• Must not have a negative credit history.

Required documents

1. Loan application;

2. Document confirming income, or the Bank may verify the applicant’s income from external sources based on the Client’s consent;

3. Questionnaire form;

4. Identity document;

5. Certificate with a matrix barcode (QR code) issued by the State Tax Service authorities confirming that the individual is registered as self-employed;

6. Documents related to the mortgage property;

The Bank also reserves the right to request additional documents when deemed necessary during the loan application process.

Possible expenses

1. Notary expenses for the sale and purchase agreement;

2. Insurance cost.

Application procedure

At the Bank’s Operations Department, branches, and service centers

Application review period

Within 1 (one) business day.

Additional fees for loan processing

Not applicable.

Early repayment

Allowed. Without additional commission or penalties.

Grace period for principal and interest payments

Not applicable.

Factors that may lead to a negative loan decision

1. Negative credit history (failure to make timely payments on principal or interest, or the presence of overdue current loans);

2. Instability or insufficiency of the potential borrower’s income;

3. Incorrect, unreliable, or incomplete information provided by the potential borrower;

4. Lack of loan collateral.

Factors that may lead to a positive loan decision

1. Positive credit history (timely repayment of loans and interest, with no overdue loans);

2. Stable income of the potential borrower;

3. Presence of collateral of sufficient value and amount to cover the loan.

In case of violation of the loan principal repayment terms, the interest rate on the overdue debt will be calculated at an increased rate starting from the date the overdue debt arises.

Attention! Loan interest is calculated based on the nominal interest rate. The total cost of the loan clearly shows how much the loan will amount to if you make all interest and other payments on time and in the specified amounts. The procedure for calculating the total cost of the loan can be found in the "Loans" section.

Attention! The nominal interest rate of this loan may change. However, any such change will be made in agreement with the borrower!