| Month | Interest payment | Basic payment | Remaining Principal | Total Payments |
|---|---|---|---|---|
| Total: | 4 300 000 000.00 | 10 000 000 000.00 | 14 300 000 000.00 |
| Month | Interest payment | Basic payment | Remaining Principal | Total Payments |
|---|---|---|---|---|
| Total: | 4 300 000 000.00 | 10 000 000 000.00 | 14 300 000 000.00 |
Mortgage loan in the primary and secondary markets
Central office, sales offices of JSC “APEX BANK”
Acquisition of completed residential real estate objects
Individuals – residents* of the Republic of Uzbekistan, aged from 18 years (inclusive) to 70 years (inclusive) at the time of submitting a loan application
Officially employed and having official income for at least the last 6 months as of the application review date, or having self-employed status
Based on the repayment capacity of the Borrower and Co-borrower, but not exceeding 1 500 000 000 UZS
From 6 to 120 months
The down payment amount is 25% of the value of the acquired real estate property
Up to 3 business days after submission of the complete set of documents
Without a grace period
In non-cash form:
By the Bank transferring funds to the seller’s bank account based on the real estate purchase agreement, after the Borrower has paid the initial payment for the purchased property from their demand deposit account in the Bank
The credit is provided within 1 (one) business day from the moment the Borrower fulfills all conditions required by the Bank to open the financing
The borrower is given the option to choose from the 5th to the 25th of each month
25% per year
The base interest rate is set at 40% (forty) per year
In equal monthly installments
Monthly, starting from the month following the month the loan was issued, in accordance with the terms of the concluded loan agreement
Pledge of real estate acquired with loan funds
Insurance of the collateral (property insurance) for the entire loan term
Up to 3 persons with a permanent income, including close relatives
No debts in the database of the Enforcement Bureau of the Republic of Uzbekistan
Not on the Bank's "Blacklist"
The co-borrower's employer is not on the Bank's "legal entities blacklist"
The Bank has the right to request additional documents confirming the co-borrower's solvency
At least 125% of the loan amount
At least 130% of the loan amount for persons related to the bank
Not more than 74%
Positive credit history; absence of credit history is allowed
No debts in the database of the Enforcement Bureau of the Republic of Uzbekistan
No outstanding overdue debts on previously received loans at the time of issuing the loan, according to credit bureau reports and other supporting documents/sources
No debts in the database of the Enforcement Bureau of the Republic of Uzbekistan
Not on the "Blacklist" of the Bank/banks or other organizations
The borrower’s employer is not on the Bank’s “legal entities blacklist”
The ratio of all average monthly payments on all of the borrower’s active loans to their average monthly net income (after all taxes and other mandatory payments), with the borrower’s debt-to-income (DTI) ratio not exceeding 50% including the loan being applied for
Exceptions:
For borrowers registered as self-employed for the first time less than 6 months prior to applying to the Bank, the DTI may not be considered and/or calculated, but not exceeding 15% of the total number of outstanding loans issued by the Bank to individuals
For other borrowers, a DTI of up to 100% is allowed, but not exceeding 15% of the total number of outstanding loans issued by the Bank to individuals
The NPL share for the product should not exceed 3% of the loan portfolio for this credit product
Identity document (Passport / ID card)
Preliminary agreement / Real estate purchase agreement
Certificate of self-employment (through the State Tax Committee)**
If no income information is available for the borrower via external services – it is necessary to provide a certificate of income and a statement of balances and transactions on demand accounts for at least the last 6 (six) months (statement must be certified by the bank where the account is held)
If necessary, the Bank reserves the right to request additional documents from the Borrower
Identity document of the real estate owner (Passport / ID card)
Documents confirming ownership of the collateral, including the certificate of ownership and other documents if necessary
For a married pledgor: marriage certificate; identity document of the pledgor’s spouse (passport / ID card); a statement from the pledgor’s spouse consenting to the provision of the collateral to secure the loan obligations
Property valuation document from a licensed appraiser (for purchasing real estate on the secondary market)
Document confirming contribution — certificate of available funds
The Bank reserves the right to request additional documents from the Pledgor
