Mortgage Imkoniyat — <br/> Apartment in a building under construction with the Bank’s partners

Mortgage Imkoniyat —
Apartment in a building under construction with the Bank’s partners

Loan for new housing through shared-equity participation. Grace period during the construction phase.

See Your Terms

from 0% to 23% per annum

Interest rate

from 20%

Down payment

up to 20 years

Repayment term

up to 1.7 bln UZS

Maximum mortgage amount

See Your Terms

What you can buy

Apartment on the primary market under a shared mortgage scheme — from developers who have a General Agreement with the bank for this type of financing.

Who can apply

Citizens of the Republic of Uzbekistan aged 21 to 70 at the time of loan maturity.
After the age of 63, life insurance or a co-borrower with income is required.
Income requirements:

Salaried employee or self-employed.
Self-employed shall have a co-borrower with a stable income.
Verified income for the past 6 months (certificate or statement).
Minimum income level: the monthly income of the borrower and co-borrower shall be not less than 1,050,000 UZS (excluding self-employed).

Co-borrowers:

Up to three co-borrowers are allowed, each shall have an official income.

Required documents

Identity document (passport of the Republic of Uzbekistan)
Sale and purchase (investment/shared participation) agreement with the developer
Collateral documents: during the construction period — guarantee, insurance policy, or other forms; after the building is commissioned — the purchased apartment is pledged as collateral.

About the mortgage

Calculate your mortgage terms

Mortgage type

Property value

Down payment from 25%

Loan term

10 years 15 years 20 years

Loan amount

UZS

Interest rate

23%

Apply for a mortgage  in 4 steps

Fill out the online mortgage application

Get the bank’s preliminary decision in 10 minutes

Get a consultation and prepare your documents

Sign the contract and receive your funds at the bank's office — within 5 business days

Fill out the form — and we’ll find the best solution for you

About the program

A mortgage for purchasing an apartment on the primary market. Financing is issued for shared participation in construction with developers that have a Master Agreement with the bank. After construction is completed and the property is formally pledged as collateral, it may be possible to refinance under the terms of the “Oson” program (if the refinancing program is active).

What you can buy

An apartment on the primary market within a shared-construction agreement from an accredited developer (under the Master Agreement).

Who it’s for

Citizens of the Republic of Uzbekistan with official (permanent) income
Self-employed citizens of the Republic of Uzbekistan — only together with a co-borrower

Age

From 21 years old. By the date of the final payment you must be no older than 70
After age 63, a life insurance policy is required (or a co-borrower with income) through age 70 inclusive

Loan term

Up to 20 years (up to 240 months)

Loan amount

Minimum — 50 million UZS Maximum — up to 1.7 billion UZS

Down payment

With fixed (official) income — from 20%
Self-employed with a co-borrower — 30%

Interest rate

With fixed (official) income — from 0% to 20% per year
Self-employed with a co-borrower — 23% per year

Special Conditions on Interest Rates from Developers

Developer China House — 20% during construction, 18% after receiving the cadastre.
Developer Stroy Premium House — 20% during construction, 18% after receiving the cadastre (subsidized interest rate from the developer — 2% per month, until the cadastre is received).

Grace period

From 6 to 12 months — for the construction period

Co-borrowers

Up to 3 co-borrowers with official income. For a self-employed borrower, a co-borrower is mandatory.

Income and debt load

Proven income for the last 6 months (for the borrower / co-borrower)
Minimum combined monthly income — at least 1,050,000 UZS per month (except for self-employed cases)
Maximum debt-to-income ratio (DTI) ≤ 50%, meaning no more than 50% of your income can already be going toward loans

Collateral

The purchased apartment becomes collateral after construction is completed. For developers under the Master Agreement, a guarantee / insurance policy against default risk, or other legally acceptable collateral, may also be used.

Repayment

Monthly. The repayment schedule can be annuity or differentiated (defined at the time of signing). Early repayment is allowed.

Payment date

You can choose a payment date from the 4th to the 20th of each month.

Late payment

Overdue amounts may be debited automatically from the borrower’s / co-borrowers’ card without additional approval.

Documents