Mortgage Loan Product “Qo‘qon”

№

Indicators

Key Terms

1

Loan Purpose

The purchase of apartments in multi-story residential buildings in the residential complex being built by “Greenpark Development” LLC and “Chipland” LLC on Movarounnahr Street, Yangi O‘zbekiston neighborhood, Qo‘qon city, Farg‘ona region, as well as participation in construction through equity participation agreements.

2

Loan Amount

In an amount not exceeding UZS 1,180.0 million.

If the loan amount exceeds UZS 380.0 million, two loan agreements will be formalized.

After completion of the housing construction, issuance of an acceptance certificate, and pledge of the property as collateral for the loan, UZS 380.0 million will be refinanced from the funds of the Ministry of Economy and Finance.

The amount exceeding UZS 380.0 million loan will be financed by the bank from its own resources.

3

Loan Term

Does not exceed 20 years

4

Grace Period

Up to 6 months

5

Down Payment

Shall not be less than 15 (fifteen) percent of the equity participation agreement value.

If the loan for purchasing housing exceeds UZS 380 million, the down payment shall not be less than 20 (twenty) percent.

In this case, the down payment shall comply with the loan-to-collateral ratio requirements as stipulated in the CBU’s Regulation “On Macroprudential Standards Established for Banks and Requirements for Maximum Payments on Loans (Microloans) Issued by Banks” (Registration Number 3618, 22 April 2025).

6

Interest Rate

16 percent per annum

In this case, when the Central Bank's base rate has decreased after the apartment purchased for the loan not exceeding UZS 380 million was provided as collateral for the purchased apartment and the loan funds were refinanced by the Ministry of Economy and Finance, the loan’s interest rate will be changed as the Central Bank's base rate + 2 percent.

23 percent per annum

7

Loan Disbursement

The loan is disbursed by transferring funds to the bank account of a construction company under the equity participation agreement.

8

Loan Repayment

Annuity or differentiated payment

9

Loan Security

- An apartment purchased from multi-story residential buildings funded through participatory financing is used as collateral once construction is finished and the acceptance certificate is issued;

- Before the residential property under construction is pledged as collateral for the loan, a Non-Payment Insurance Policy, a third-party guarantee, or other liquid property collateral is required.

In this case, another real estate property pledged as collateral under a mortgage loan previously granted to the borrower may be accepted as a subsequent collateral.