Qulay:
Mortgage for New Buildings

Purchase a new apartment

See Your Terms

19,5% per annum

Interest rate

from 26%

Down payment

up to 20 years

Repayment term

up to 800 mln UZS

Maximum mortgage amount

See Your Terms

What you can buy

Primary market only — apartments in buildings commissioned no more than 3 years ago.

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. Salaried employee with officially verified income for the past 6 months (certificate or statement). Up to three co-borrowers are allowed, each of whom shall also have an official income.

Required documents

Identity document (passport of the Republic of Uzbekistan)
Sale and purchase agreement
Proof of down payment
Documents confirming property readiness (cadastral documents and handover act)
Proof of income for the past 6 months
ESMS checklist (environmental and social questionnaire) — completed during the transaction
Collateral — the purchased property (arranged during the transaction)

About the mortgage

Calculate your mortgage terms

Mortgage type

Property value

Down payment from 26%

Loan term

10 years 15 years 20 years

Loan amount

UZS

Interest rate

19,5%

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

About the program

A mortgage to purchase an apartment on the primary market. Repayments: annuity or differentiated. No grace period.

What you can buy

An apartment on the primary market in a multi-unit building that was commissioned no more than 3 years ago; title must be formalized via an acceptance/transfer act.

Who it’s for

Citizens of the Republic of Uzbekistan with official (permanent) income.

Age

From 21. By the date of the final payment — no older than 70.
After age 63, a life-insurance policy is required (or a co-borrower with income) up to age 70 inclusive.

Loan term

Up to 20 years (up to 240 months).

Loan amount

Minimum — 50,000,000 UZS. Maximum — up to 800,000,000 UZS (Tashkent) / up to 500,000,000 UZS (regions and the Republic of Karakalpakstan).

Down payment

From 26% of the property value.

Interest rate

19.5% per annum (floating rate; the current level depends on the Central Bank’s base rate).

Grace period

None.

Co-borrowers

Up to 3 co-borrowers with verifiable official income.

Income and debt load

Proven income for the last 6 months (for the borrower / co-borrowers).
Minimum combined monthly income — at least 1,050,000 UZS per month.
Maximum debt-to-income ratio (DTI) ≤ 50% (no more than 50% of income can go to loan payments).

Collateral

The purchased property becomes the collateral. Collateral requirements — value not lower than the property’s value.

Repayment

Monthly. The schedule may be annuity or differentiated (defined at signing). Early repayment is allowed.

Payment date

Any 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 authorization.

Documents