Mortgage Loan “Yangi Toshkent” (New Tashkent)

No.

Parameters

Key Terms and Conditions

1

Loan Purpose

Acquisition of apartments in multi-family residential complexes via shared-equity participation in projects developed by the SUE “NEW TASHKENT CITY CONSTRUCTION DIRECTORATE UNDER THE CABINET OF MINISTERS” within the territory of New Tashkent, Tashkent Region.

Participation in construction on a shared-equity basis.

2

Loan Amount

Up to 1,280.0 million UZS

In this case, if the loan amount exceeds 480.0 million UZS, two separate loan agreements shall be executed.

A loan portion of 480.0 million UZS shall be refinanced using funds from the Ministry of Economy and Finance upon completion of construction, execution of the handover certificate, and the formal registration of the property as loan collateral.

The portion exceeding the amount refinanced by the Ministry of Economy and Finance shall be funded using the bank's own resources.

3

Loan Term

Up to 20 years

4

Grace Period

Up to 6 months

5

Down Payment Amount

No less than 15 (fifteen) percent of the shared-equity construction contract value is required.

In cases where the loan amount required for the housing purchase exceeds 480.0 million UZS, the down payment shall be at least 20 (twenty) percent.

In this regard, compliance shall be ensured with the Loan-to-Value (LTV) ratio requirements established by the Central Bank of the Republic of Uzbekistan in the “Regulation on macroprudential standards applicable to banks and requirements for the maximum size of loan (microloan) payments” (Registration No.3618, dated April 22, 2025).

6

Interest Rate

18 percent per annum

Furthermore, for the portion of the loan not exceeding 480.0 million UZS, the following condition shall apply: if the Central Bank’s main rate decreases compared to the rate effective at the time of disbursement, the interest rate shall be revised and set at the Central Bank’s main rate plus 4 percent, provided that the purchased apartment is pledged as collateral and the loan is refinanced using funds from the Ministry of Economy and Finance.

7

Disbursement Method

Disbursement is carried out via wire transfer to the developer's account based on a shared-equity construction contract.

8

Repayment Method

Annuity or differentiated

9

Loan Security

- The apartment in the multi-story residential building, acquired through shared-equity participation, shall be pledged as collateral upon completion of construction and formal execution of the handover certificate.

Until the property under construction is pledged, the loan shall be secured by a Non-Payment Insurance Policy, a third-party guarantee, or other liquid assets pledged as collateral.