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Mortgage

Mortgage

These mortgage loans are granted after the allocation of credit resources by the Ministry of Finance of the Republic of Uzbekistan

up to 416.5 million UZS loan amount from 17 % annual interest rate up 20 years loan term
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Mortgage

Предварительный расчет. Не является публичной офертой
Loan amount:
Down payment amount:
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0 sum Monthly payment
0% Interest rate
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Расчет стоимости annuity

Basic terms of the loan:

Locality Loan term Annual interest rate Privileged period
In cities Up to 20 years 18% Up to 6 months (optional)
In rural areas Up to 20 years 17% Up to 6 months (optional)

Down payment amount

When buying apartments from multi-apartment houses:

  • In cities and rural areas – at least 15 percent of the value of the purchased apartment.

In the construction (reconstruction)of individual houses:

  • at least 15 percent of the cost of individual housing construction (reconstruction) works.

Provision

  • mortage of the apartment bought in multi-apartment house
  • guarantee of other property and / or third parties in addition;
  • when allocating a mortgage loan for the construction (reconstruction) of individual housing, a pledge of other liquid property is taken as a collateral (after the completion of the construction (reconstruction) of housing under construction (reconstruction) and cadastral documents are registered, the pledge property is exchanged when the pledge is submitted).

 

Required documents:

  • Application;
  • the original passport of the Client (the guarantor who is a co-borrower, an individual), (A copy of the passport is taken by a Bank employee);
  • An agreement contract on the purchase and sale of an apartment or construction (reconstruction) of individual housing concluded with a contractor;
  • notification of subsidies (for people who have a positive rate on the allocation of subsidies);
  • a copy of the document(s) confirming the ownership of land plots allocated for the construction of housing (for people requesting a loan for the purpose of individual housing construction (reconstruction);
  • A document confirming the permission of the relevant organizations to carry out construction works for people requesting a loan for the construction (reconstruction) of individual housing in the Andijan, Namangan and Ferghana regions and in the city of Tashkent);
  • The documents related to the loan security

Information on the income of the borrower (joint borrowers, guarantor person who is an individual) is obtained from the State Tax Office (STC) database. The reference is provided by the borrower (joint borrowers, guarantor person who is a natural person) in cases where there is no possibility of obtaining the certificate from the STC database (in case of application for allocation of credit from citizens who do not pay income tax, are exempted from income tax, and in case of technical malfunctions in the STC database

 

POTENTIAL BORROWERS (individuals) must comply with THE FOLLOWING CRITERIAS:

  • Residents of the Republic of Uzbekistan who have reached 18 (eighteen) years of age on the day of applying for a mortgage loan and whose age does not exceed 60 (sixty) years;
  • Individuals who have a permanent place of work, permanent income from personal subsidiary or agricultural farms, or from individual business activities, as well as other sources of income that are not prohibited by the law, sufficient for monthly payment of accrued interest on a mortgage loan and repayment of the principal debt according to the payment schedule;
  • Individuals whose debt load does not exceed 70 (seventy) percent (including subsidies, if subsidies are provided for repayment of interest costs on a mortgage loan);
  • Individuals who have the opportunity to make a down payment (including the amount of subsidies for individuals who are paid a subsidy)for the purchase of apartments sold on the primary market:
  • In rural areas – in the amount of at least 15 (fifteen) percent of the apartment price;
  • In cities-in the amount of at least 15 (fifteen) percent of the apartment price;
  • Individuals who are able to make an down payment of at least 15 (fifteen) percent of the cost of construction (reconstruction) of individual housing in Andijan, Namangan and Ferghana regions and in the city of Tashkent;
  • Individuals who are able to form (pay) the remaining part of the cost of the purchased apartment, if its value exceeds the estimated cost of housing;
  • Individuals who do not have overdue debt on loans previously received from credit institutions as of the date of consideration of the application for a mortgage loan.

If the debt load of the client and the co-borrower exceeds the established norm, guarantees of legal entities may be accepted to secure their debt obligations to the Bank and 50 (fifty) percent of the annual net profit of the legal entity may be added when calculating the debt load of the Client.

When calculating the debt load indicator, the arithmetic mean of the sum of the average monthly income of the Client and co-borrower received over the past 12 months is taken into account (in the case of work for less than 12 months – for the actual period worked).

Repayment of the loan and payment of interest on it are made in equal amounts on a monthly basis, that is, by annuity method of repayment under the mortgage loan agreement concluded between the Bank and the Borrower, as well as the repayment schedule.

Part of the interest expenses of borrowers who are entitled to receive subsidies for the repayment of the part of the interest expenses is transferred by the territorial branches of the Treasury to the borrower's account specified by the Bank before the 25th day of each month.

It is not allowed to pay the amount of the cost of the purchased apartment that exceeds the estimated cost of housing at the expense of loans allocated by banks.If the cost of the purchased apartment exceeds the estimated cost of housing, the remaining cost is paid by the Client at the expense of their own funds and other sources not prohibited by law

It is not allowed to pay the amount of the cost of the purchased apartment that exceeds the estimated cost of housing at the expense of loans allocated by banks.

Tariffs on mortgage:

The maximum norm of the apartment area (sq.m.) is 70
The cost of 1 square meter of housing is 4000
Estimated cost of housing 266 667
Maximum mortgage loan amount (percentage) 85%
Maximum mortgage loan amount (amount) 238 000
Minimum down payment amount (percentage) 15%
The minimum amount of the down payment (amount) is 42 000
The maximum norm of the apartment area (sq.m) is 70
The cost of 1 square meter of housing is 5200
Estimated cost of housing 300 000
Maximum mortgage loan amount (percentage) 85%
Maximum mortgage loan amount (amount) 309 000
Minimum down payment amount (percentage) 15%
The minimum amount of the down payment (amount) is 54 600
The maximum norm of the apartment area (sq.m) is 70
The cost of 1 square meter of housing is 5700
Estimated cost of housing 330 000
Maximum mortgage loan amount (percentage) 85%
The maximum amount of a mortgage loan (amount) is 339 150
Minimum down payment amount (percentage) 15%
The minimum amount of the down payment (amount) is 59 850

Benefits of a loan from Alokabank

Fast decision making processing the application
as soon as possible.

Issuance of a loan on the day of application use the funds immediately
after receiving the loan.

Minimum documents a passport is enough
to open a loan.

How to get a loan?

1
Fill out an application

It takes
about 5 minutes on average

2
Wait for approval

We make a decision
within 15 minutes

3
Get a loan at the nearest branch

Take your documents with you

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