Loan purpose – renovation of an individual residential house or an apartment in a multi-apartment residential building.

The loan funds are provided for the purpose of reducing energy consumption in residential buildings, including the installation of solar panels, solar water heating collectors and heat pumps (air, water and geothermal), insulation of walls and roofs, installation of windows and doors that reduce heat loss and heat transfer, as well as replacement or installation of energy-efficient boilers and air cooling and heating systems (air conditioners).

Loan amount – up to 300,000,000 (three hundred million) UZS.

Loan term – up to 60 months.

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 have official monthly income in the form of wages or other verified income.

Eligible borrowers:
The loan is provided to individuals who are permanently registered at the residential property being renovated with the loan and are its owners, or to other individuals who are close relatives of the residential property owner (parents, siblings, spouse, children, daughter-in-law, son-in-law) and are permanently registered at the residential property.

Form of disbursement:
By transferring funds to the supplier’s bank account.

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);
• Cadastral documents and documents confirming ownership of the residential property being renovated;
• Renovation work plan and approved cost estimate (an estimate prepared by a licensed estimating organization, as provided by the relevant permitting authority);
• Agreement with a contractor for renovation works and/or an agreement with a manufacturer or retail store selling construction materials and/or products listed on the green.uzmrc.uz website (if required);
• Real estate market valuation report.

Loan security:
The residential property being renovated is accepted as collateral for the loan. Alternatively, a pledge of liquid assets that meet the bank’s requirements may be provided as collateral.

The residential property (asset) accepted as collateral must have 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 6 (six) 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.