07/10/2020 - 20:48 3561

On September 21, 2020, the decision of Cabinet of Ministers of the Republic of Uzbekistan "On the introduction of a simplified system of mortgage lending for the construction and reconstruction of individual housing" was adopted.

As a pilot project, Ipoteka-Bank and Qishloq Qurilish Bank will provide mortgage loans to residents of Andijan, Kurgantepa and Shahrihan districts of Andijan region in a simplified system for the construction (reconstruction) of individual houses. it is possible to allocate funds by gradually transferring money to the borrower's bank card.

In this case, the client submits the following documents to the branch of a commercial bank:

1. Housing project.

2. Copy of passport

3. Monthly income (for the last house month)

 

The Bank provides mortgage loans on the following terms

·       Loan term - 20 years;

·       The maximum loan amount is 320 million soums;

·       Grace period - 6 months;

·       Starting fee - 10%;

·       Interest rate - 17%

     The advantage of this decision is that it will allow the population of Andijan city, Kurgantepa and Shahrihan districts of Andijan region, first of all, to improve their housing conditions. At the same time, the cost of housing construction by the population will be cheaper than the houses built by construction companies, the population will be provided with additional employment, leading to an increase in production and services.

Information service of the Ministry of economic development and poverty reduction.