Mortgage Loan Product “Ulushdor Ipoteka”

№

Indicators

Key Terms

1

Loan Purpose

Purchase of apartments in apartment buildings, the construction of which is financed by JSC “Aloqabank”, on a shared-equity basis.

2

Loan amount

Up to UZS 1,280.0 million in Tashkent and up to UZS 1,180.0 million in other regions.

In this case, if the loan amount exceeds UZS 480.0 million in Tashkent or UZS 380.0 million in other regions, two loan contracts shall be executed.

Loan, totaling UZS 480.0 million in Tashkent and UZS 380.0 million in other regions shall be refinanced from the funds of the Ministry of Economy and Finance. Such refinancing is contingent upon the completion of construction, the execution of a handover-acceptance certificate, and the subsequent pledge of the property as collateral.

The portion of the loan exceeding the refinancing amount from the Ministry of Economy and Finance shall be funded by the Bank's own resources.

3

Loan Term

Up to 20 years

4

Grace Period

Up to 6 months

5

Down Payment Amount

At least 15 (fifteen) percent of the total value of the shared-equity construction contract.

If the loan amount required for housing purchase exceeds UZS 480.0 million in Tashkent or UZS 380.0 million in other regions, 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 stipulated in the Central Bank of the Republic of Uzbekistan’s Regulation “On Macroprudential Norms set by Banks and Requirements for Maximum Payment Values on Loans (Microloans)” (Registration No. 3618, April 22, 2025).

6

Interest Rate

18 percent per annum.

In this regard, for the portion of the loan up to UZS 480.0 million in Tashkent or UZS 380.0 million in other regions, if the Central Bank’s key rate at the time of refinancing (following the pledge of the acquired apartment) is lower than the rate at the time of disbursement, the interest rate shall be adjusted to the CBU Key Rate plus 4 percent.

23 percent per annum.

7

Disbursement Method

Wire transfer of funds to the developer's bank account in accordance with the shared-equity construction contract.

8

Repayment Method

Annuity or differentiated payment

9

Loan Security

- Apartment, purchased in an apartment building under a shared-equity scheme, shall be pledged as collateral upon completion of construction and execution of the handover-acceptance certificate.

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

- 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.