Mortgage – at the expense of the Ministry of Economy and Finance

Mortgage loan

These mortgages are granted following the allocation of funds by the Ministry of Finance of the Republic of Uzbekistan.

17%-17,5%

Interest rate

Up to 20 years

Credit term

From 330 mln. Up to 420 mln. sums

Loan amount

About loan

Terms and conditions of mortgages to be granted to citizens with recognized income and those without recognized income for the purchase of apartments in apartment buildings on the primary housing market, as well as for the construction, reconstruction and repair of stand-alone houses on land plots allocated for housing construction as required by law at the expense of the Ministry of Finance of the Republic of Uzbekistan.

Loan terms and conditions	Purchase of apartments in apartment buildings on the primary housing market*	Construction, reconstruction and repair of stand-alone houses**
Loan interest when down payment is between 15% and 30%	17,5%	17,5%
Loan interest when down payment is above 30%	17,0%	17,5%
Loan amount	Up to UZS 330,0 million for the Republic of Karakalpakstan and provinces	Up to UZS 120,0 million
Loan amount	Up to UZS 420,0 million for Tashkent	Up to UZS 120,0 million
Loan period	Up to 240 months (with up to 6-month grace period)
Security for the loan	Dwellings to be purchased or constructed (depending on credit policy requirements, a third-party surety or other liquid property may be pledged)
Repayment	Annuity and differentiated

*If the mortgage for purchasing apartments in apartment buildings at the primary housing market exceeds the amount established by the Presidential Decree No.PF-70 dated 30.04.2024 “On additional measures to improve mortgaging mechanisms and housing conditions of the population in 2024", the remaining part of loan may be financed by the bank from its own funds under the following conditions:

Loan amount: up to UZS 800.0 million;

Loan period and interest:

26 percent p.a. for 10 years or less;
27 percent p.a. for 15 years or less.

Down payment: not less than 20 (twenty) percent of the cost of a purchased apartment. Go to the product page

**Mortgages for construction, reconstruction and repair of stand-alone houses are allocated after a “Makhalla’s Seven” commences the issuance of a recommendation letter for families included in the Poverty Alleviation Programme available on the electronic platform “Online Makhalla” and in need of better housing conditions.

Take out a loan online

You can get online microloan via the Zoomrad mobile application!

Calculate your loan

Interest rate

from 10 %

to 50 %

Loan amount

320 000 000

soum

from 5 million soum

to 420 million soum

Loan term

months

from 1 month

to 240 month

Repayment type:

Annuity Differential

Insurance expenses:

Notary expenses:

Collateral assessment costs:

Other:

Average monthly payment*

... soum

Annual interest rate:

...%

Full cost of the loan:

...%

Issue a loan

Information sheet

* The calculation is preliminary. The exact amount of the monthly payment will be determined by the bank based on the results of consideration of the application.

Loan terms

Annual interest rate

17%-17,5%

Maximum loan amount

From 330 mln. Up to 420 mln. sums

Credit term

Up to 20 years

Loan target

The purchase of apartments in apartment buildings or the construction (reconstruction) of stand-alone houses

Submission form

Transfer to the seller's bank account

Principal and interest repayment

Monthly

Repayment method

Differentiated, Annuity

A taking out method

Bank branch

Grace period

Yes (Up to 6 months)

Terms and Conditions

Required documents

a) An application;

b) An original passport of the customer (co-borrower, individual guarantor) (a bank officer takes a copy of the original passport);

c) An apartment sale or stand-alone house construction (reconstruction) contract concluded with a contractor;

d) A notice of subsidy (for those with a positive subsidy opinion);

e) individuals applied for loan on the construction (reconstruction) of a stand-alone house:

- a copy of the document(s) confirming a right of ownership to the land plots allocated for housing construction

- design and estimate documentation for the construction (reconstruction) of a stand-alone house and an expert opinion on cost estimate;

- a building permit issued by the relevant organization(s);

- a recommendation letter issued by the “Makhalla’s Seven”

f) Loan security documents.

The borrower (co-borrower, individual guarantor) income data the bank looks up online from external sources.

When the bank cannot find the borrower (co-borrower, individual guarantor) income data online from external sources, the Borrower shall provide a statement of income.

Requirements

a) Citizens of the Republic of Uzbekistan reached 18 (eighteen) years of age, but younger than 60 (sixty) on the day of applying for a mortgage loan.

b) Persons with an income from basic salary, including remunerations paid for doctoral studies, pensions, as well as those with 50 (fifty) percent income from receipts on bank accounts of individual entrepreneurs.

c) If a borrower has no income from formal salary, they shall have the following unofficial incomes:

· income from renting out property;

· bank card turnover;

· rent/lease, utilities and other expenses (income) not prohibited by law.

d) The borrower shall not have overdue debts on loans previously received from credit institutions at the moment of bank’s considering mortgage granting, and the credit history must not be negative.

Credit support

For mortgages to purchase an apartment in apartment buildings:

a) the apartment to be purchased;

b) an additional third party surety or additional pledge of other liquid assets as stipulated by a Credit Policy requirements.

For mortgages to construct (reconstruct) a stand-alone house:

а) dwelling being constructed (reconstructed) against a mortgage;

b) an additional third party surety or additional pledge of other liquid assets as stipulated by a Credit Policy requirements. Other liquid assets may be pledged as collateral until the construction (reconstruction) of the dwelling against a mortgage is completed. In such a case, when the construction (reconstruction) of the dwelling against a mortgage is completed, the assets originally pledged as collateral may be withdrawn from the pledge.

Documents