“Oson” mortgage loan

5979

Amount
420 mln. uzs

Loan purpose
For purchasing property

Credit term
till 240 month

Partner construction organizations

List of residential buildings built and under construction Checking the possibility of obtaining a mortgage loan

List of estate Check creditworthiness Short guide to getting a mortgage loan.

Application for a loan

PRODUCT NAME	“OSON” MORTGAGE LOAN
Purpose	buy a house on the primary market
Client (physical person who is a citizen of the Republic of Uzbekistan)	on a fixed income	self-employed person
Term	Up to 240 months
Initial payment is not less than	15%	30%
Annual interest rate	17.5% (main interest rate of Central Bank + 4%)* *As the Central Bank's main interest rate has decreased, the annual interest rate of the product has been lowered
Maximum loan amount	up to 420 mln UZS – Tashkent city; up to 330 mln UZS – Republic of Karakalpakstan and regions
Minimum loan amount	50 mln UZS
Grace period	without grace period
Co-borrower	up to 3 co-borrowers with official income
Collateral requirement	117,5% (not less than from the value of the housing)
Obligatory supply	pledge of the house to be purchased
Age (min./max.)	21 years of age (not older than 70 years at the end of the loan term) (customer/co-borrower)
Life insurance	- clients over 63 years old must provide life insurance coverage from ages 63 to 70; - at age 63, clients must either present life insurance or bring a co-borrower with stable income
Minimum work experience	borrower/co-borrower with 6 months income	obligatory co-borrower with 6 months income
Minimum income requirement	monthly income of the borrower and co-borrower should not be less than 1,050,000 UZS (except self-employed)
Maximum debt load	≤60%
Documents to be provided	passport (ID-card), sale and purchase agreement, document confirming the down payment, documents confirming the readiness of housing for living (cadastral documents, deed of transfer of housing), subsidy notice (for subsidy loan)
Source of financing	Funds of the Ministry of Economy and Finance
Special conditions	● determination of the client's(co-borrower) creditworthiness is determined on the basis of a scoring model, taking into account the requirements for debt load and credit history; ● determining the client's ability to pay, the loan should be set up in the form of an annuity/differential, repayment schedule of 4-20 days; ● on the overdue part of the loan, withdrawal of funds from the borrower's (co-borrowers') bank card is made without acceptance; ● When the loan amount exceeds the maximum amount of the “Oson” mortgage loan, the customer can avail the “Tijorat” mortgage loan product for the remaining loan amount; ● the client must be using the mortgage loans disbursed within the program for the first time (It will be applied to the loans disbursed starting from the 2024 program); ● collateral insurance premium is paid by bank for the duration of loan; ● this passport is also applied to subsidized mortgage loans; ● for the portion exceeding the maximum mortgage loan amount set by the government

Mortgage loan sample (for primary market in UZB)

Attention

Loan type:

Ипотечный кредит

Loan:

“Oson” mortgage loan

Interest rate

Object amount:

An initial fee:

Amount of loan:

Loan period (in months):

Name	Summ
Monthly payment (if calculated in annuity)	5 037 088 UZS
The minimum monthly income required for obtaining a loan	7 195 840 UZS

Application-2
To the regulation on the minimum requirements for the activities of commercial banks in the implementation of relations with consumers of banking services
Information sheet
about main terms of the loan

1-section. Loan information
The name of commercial bank, Official website, phone numbers	JSCMB "Ipoteka-bank", www.ipotekabank.uz Phone:(78) 150-11-22, Contact center:1233
1. Type of the loan	Ипотечный кредит
2. Purpose of the loan	For purchasing property
3. Amount of the loan (in national currency)
4. Term of the loan (in month)	month
5. The interest rate during the term of the loan (nominal amount) and the amount payable on this interest amount	%
	1,213,650,332 uzs
7. Grace period for the loan (if exist)	not exist
8. Periodic payments (monthly, quarterly and etc.)	Monthly
9. Loan repayment method (annuity method (equal amounts), differential method)	Annuity method
10. The amount of a one-time payment during the payment period: Annuity method In differential method	6,806,876 uzs
11. The form of provision of the loan (transfer of money to the account of the supplier of goods/services, in cash, transfer to a bank card, etc.)	with method of transferring money to the account of the supplier of goods/services
12. Additional expenses related to the loan (if any):	not exist
Bank commissions and fees by type (indicate separately)	not exist
Third party services (indicate separately)	not exist
13. Total cost of the loan (includes nominal interest rate and loan servicing costs)	1,633,650,332 uzs

2-section. Important conditions related to other financial obligations

1. In connection with the late repayment of the loan debt, a penalty (fine, penalty) provided in the contract is imposed (if there is such a condition)	for each day of late payment in the amount of 0.1 percent of the late payment amount
2. The amount of the increased interest rate paid on the loan amount due to late repayment of the loan debt (if such condition exists)	Pays interest in an amount 1.5 times higher than the interest specified in the agreement.
3. Collateral of the loan (minimum requirements for the subject of collateral, minimum cost of collateral)

Read carefully before agreeing to take out a loan!

You have the right to receive complete and detailed information from the bank about the terms and amount of the loan, about the procedure for payment and settlement (interest, fines and penalties), about Your rights and obligations under the loan agreement, about the loan agreement about possible risks and responsibilities, as well as other issues that are unclear to you.

If you have complaints, you can send your appeal to (indicate the phone number) the digital phone number or (indicate the bank's postal address) the address or (indicate the bank's email address) the email address.

ACCURACY OF THE INFORMATION SHEET AND THE AUTHENTICITY IS CONFIRMED. _______________________________________ (position and full name of the bank's specialist)	_______________________________ (date of completion)