For construction of multi-story residential buildings in 'Yangi Uzbekistan' districts

1

Loan amount

Up to 70% of the total (design and estimate) cost of the multi-apartment residential building under construction or reconstruction

2

Loan term

Up to 3 years (with a grace period of up to 18 months for the principal debt)

3

Interest rate (annual)

Base rate + 4,0% (25%) 

 4

Source of financing

Refinanced in stages from funds allocated by the Ministry of Economy and Finance to the Bank for a period of 24 months (with a 12-month grace period) at the Central Bank's base rate

5

Service users

Small and medium business entities, as well as corporate clients. Provided to construction and contracting organizations that have a sufficient rating according to the relevant legislative documents.

6

Loan purpose

For construction of multi-apartment residential buildings

7

Loan security

Deposit

Real estate

Movable property (passenger and cargo vehicles, as well as equipment)

Pledge of the part of the multi-apartment residential building under construction or reconstruction, the construction of which has been completed and cadastral documents are being formalized (in stages)

Guarantees from banks and insurance organizations

Guarantees from third parties

Insurance policy

Other means of security not prohibited by legislation

8

Documents to be submitted

Application
Design and estimate documentation, expert opinion, environmental assessment, technical conditions of relevant organizations 
Appropriate permission for construction, reconstruction of multi-apartment residential buildings
Business plan
Financial reports
Founding documents (certificate, charter, founding agreement)
Decision of the founders on consent to obtain credit and transfer property as collateral
Other necessary documents related to the construction of a multi-apartment residential building

For property collateral:

- property valuation report;
- cadastral documents, technical passport and/or technical supervision;
- decision of the founders on consent to pledge the property;

For third-party guarantees:

- financial reports of the guarantor organization;
- auditor's report;
- decision of the founders on consent to provide a guarantee;
- founding documents (certificate, charter, founding agreement)

For insurance:

- insurance contract and policy

Other necessary documents

10

Review by business units

Conclusions of the following business units are provided and permission is obtained electronically:
- Analytical conclusion of the credit inspector;
- Legal service;
- Collateral service;
- Risk management service.

11

Review by authorized body(ies)

In accordance with the requirements of the credit policy, according to the level of authority:
- Credit Commission of XXXXX (branch);
- Credit Committee of the Head Bank.