Mortgages for primary market from Aloqabank - arrange a beneficial loan for a new home with the bank

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%

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 income for the purchase of apartments in apartment buildings on the primary housing market 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*
Loan period	Up to 240 months (with up to 6-month grace period)
Loan rate	17%
Down payment	For individuals with an official source of income	Not less than 15% of the housing value
	For individuals without an official source of income, including self-employed persons	Not less than 20% of the housing value
Loan amount	Up to UZS 330,0 million for the Republic of Karakalpakstan and provinces
	Up to UZS 420,0 million for Tashkent
Security for the loan	Dwellings to be purchased (depending on credit policy requirements, a third-party surety or other liquid property may be pledged)
Repayment	Annuity and differentiated

In cases of providing a mortgage loan to a migrant worker, the labor migrant must be registered in the labor migration software packages (“Labor-migration” or “Xorijda ish”) of the Migration Agency under the Cabinet of Ministers of the Republic of Uzbekistan and must have sent money transfers to the territory of the Republic of Uzbekistan through international money transfer systems for at least 6 months.

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:

...%

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%

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

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 contract concluded with a contractor;

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

e) Loan security documents.

f) Certificate of registration of a labor migrant in the labor migration software packages (“Labor-migration” or “Xorijda ish”) of the Migration Agency under the Cabinet of Ministers of the Republic of Uzbekistan

g) Certificate of income of a labor migrant from temporary work abroad or money transfers sent by a labor migrant to the territory of the Republic of Uzbekistan through international money transfer systems

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.