Mortgage for the secondary market

Loan amount - up to 1,000,000,000 (one billion) UZS

Loan purpose - for purchasing housing on the secondary market

Loan term - up to 120 months without grace period

Interest rate - 26% per annum

Loan interest rates may be subject to change by management decision.

Loan currency - UZS

Down payment - not less than 25% of the cost of the residential property;

Requirements for the Borrower:

Individuals or self-employed individuals who are residents of the Republic of Uzbekistan, aged 21 to 60, and have official monthly income in the form of wages.

Form of disbursement:

By transferring funds to the deposit account of the original owner of the residential property opened at "Universal Bank" based on the house purchase and sale agreement

Required documents: 

- Document confirming the borrower's identity (passport, ID card, residence permit, etc.); 

- House purchase and sale agreement; 

- Independent appraisal report on the property value;

Loan security:

The housing purchased with the loan is accepted as collateral at a value of not less than 125% of the loan amount; 

* For loans granted to persons affiliated with the bank, collateral of 130% of the loan value is required.

Loan repayment procedure:

Repayment of the loan principal and accrued interest is carried out using the annuity payment method according to the terms and conditions established in the loan agreement.

Additional terms:

* If the loan applicant has official income, they must have worked continuously at their current place of employment for at least 6 (six) months when applying for the loan;

* 70% of the borrower's average monthly net income should be sufficient to cover the maximum monthly loan payment and the average monthly payments on existing loans/debts;

* If the loan applicant is self-employed, they must provide a certificate of self-employment;

* Must have a positive credit history;

* There should be no citizens permanently registered at the residential property at the time of pledging it as collateral;

* The residential property being purchased should not belong to close relatives of the borrower;