Terms and conditions of Education loans the JSC “Aloqabank” grants to individuals at the expense of the Ministry of Economy and Finance of the Republic of Uzbekistan.
|Loan maturity||The loan principal is repaid for 7 years starting from the 7th month after a student's graduation, with account of the study period. Interest on the loan is paid monthly after the loan granting.|
|Annual interest rate*||For male students:||
Up from 14% per annum til the end of 2022;
from 1 January 2023 at the CB rate
|For female students:||14% p.a.|
|Loan amount||Depending on the Study Contract amount|
If the rate of the Central Bank (the CBR) of Uzbekistan decreases, the interest rate on the loan will reduce proportionately, and if the CBR increases, the loan rate will remain unchanged.
Payment of interest on loans allocated for women's education from the Education Loan Financing Fund under the Ministry of Finance.
You can get online microloan via the Zoomrad mobile application!