Loan purpose – refinancing the borrower's mortgage loan with another bank, i.e. repaying the previously obtained mortgage loan.

Loan amount – up to 800,000,000 (eight hundred million) UZS, but not exceeding the outstanding balance of the mortgage loan being refinanced.

Loan term – until the maturity date of the mortgage loan being refinanced, but the term of the new loan must not exceed 10 years.

Interest rate – 24% per annum.

The loan interest rate may be changed by a decision of the Management Board.

Loan currency – the national currency of the Republic of Uzbekistan (UZS).

Down payment – not required.

Requirements for the Borrower:
Individuals who are residents of the Republic of Uzbekistan, aged 21 to 60, and who have official monthly income in the form of wages or other verified income.

Form of disbursement:
By transferring funds to the relevant account of the original lending bank to repay the outstanding balance of the borrower's mortgage loan with another bank.

Required documents:

• Passport or ID card of the borrower and co-borrower;
• Documents confirming income and employment history for the last 12 months (if required);
• Current mortgage loan agreement issued by another bank;
• Certificate from the servicing bank confirming the current outstanding loan balance;
• Account statement containing the full bank details of the external bank for transferring funds to repay the loan;
• Documents confirming ownership of the real estate;
• Real estate market valuation report.

Loan security:
The refinanced mortgage property (residential property) is accepted as collateral for the loan. Additional collateral may be required until the collateral is re-registered. The real estate property must be compulsorily insured.

The residential property 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 at 130% of the loan amount is required.

Loan repayment procedure:
Repayment of the loan principal and accrued interest is carried out using the annuity payment method in accordance with the procedure and terms established by the loan agreement.

Additional terms:

• If the borrower has official income, they must have worked continuously at their current place of employment for at least 12 (twelve) months at the time of applying for the loan;
• 50% of the borrower's average monthly net income must be sufficient to cover the maximum monthly loan payment and the average monthly payments on existing loans/debts;
• The borrower must have a positive credit history;
• There must be no overdue debt under the mortgage loan being refinanced, and the payment history of such mortgage loan must not include any overdue payments exceeding 90 days.