In Uzbekistan, the application process for preferential mortgage loans has begun.

Uzbekistan, Tashkent – According to AN Podrobno.uz. Starting today, residents of Uzbekistan in need of better housing conditions can apply for mortgage loans, reports a correspondent from Podrobno.uz.

https://podrobno.uz/cat/economic/v-uzbekistane-startoval-priem-zayavok-na-lgotnoe-ipotechnoe-kreditovanie/2024-12-03 08:12:33

The decision to launch the program was made on October 21 of this year. The Cabinet of Ministers approved the procedure for providing mortgage loans to citizens participating in the poverty alleviation program. Loans are offered for the construction, reconstruction, and renovation of individual housing.

Main lending parameters:

Loan amount: up to 120 million sums;
Repayment period: up to 20 years;
Interest rate: 4% higher than the Central Bank's base rate (currently 17.5%).

To reduce the financial burden on borrowers, subsidies are provided. They may receive compensation of 30 million for covering the down payment. Additionally, it is planned that during the first five years, they will be able to obtain subsidies for repaying interest payments.

Citizens who meet the program's criteria can submit applications and complete the necessary documentation through a special electronic platform.