Mortgage loan in the primary market

“APEX BANK” JSC Head Office, sales offices

Purchase of an apartment in multi-apartment residential buildings being constructed and sold by LLC "Midas Investment Solution", LLC "Unique Trade Business", LLC "Unique Creation"

Individuals – residents (including persons holding a residence permit) of the Republic of Uzbekistan, aged from 18 years old (inclusive) to 70 years old at the time of submitting the loan application
Having income for a period of at least the last 6 months as of the date of application review, or having self-employed status

Up to 2 business days after providing the complete package of documents

Without a grace period

In non-cash form, by transferring funds by the Bank to the settlement account of the developer (seller) based on the agreement of shared participation in construction/purchase and sale agreement of the apartment, after the Borrower pays the initial contribution amount for the purchased housing to the Developer from the demand deposit account with the Bank
The loan is provided within 1 (one) business day from the moment the Borrower fulfills all conditions required for the Bank to open financing

The amount of the initial contribution is from 20% of the contractual value of the purchased real estate object, according to Appendix 1 to this Credit Product Passport

From 12 months to 120 months (for persons holding a residence permit, the loan term cannot exceed the validity period of the residence permit), according to Appendix 1 to this Credit Product Passport

The 15th day of each month

0% per annum, determined by the terms of the partnership program with the seller (Developer), according to the Appendix to this Credit Product Passport

In equal monthly installments

Monthly, starting from the month following the month of loan disbursement, in accordance with the terms of the concluded loan agreement

At least 125% of the loan amount
At least 130% of the loan amount for persons affiliated with the Bank

Insurance policy for the risk of loan non-repayment in the amount of at least 50% of the loan amount for the entire loan term
Guarantee of LLC "Steel Property Construction" in the full amount of the loan as additional security
Pledge of real estate that will be received in the future (property rights), purchased using credit funds

No more than 80%

Positive credit history, absence of credit history is allowed
Having no outstanding debt in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan
Absence of unpaid overdue debt on previously obtained loans at the time of loan issuance, according to credit bureau reports and other supporting documents/sources

Having no outstanding debt in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan
Not being included in the "black" list of the Bank/banks or other organizations
The borrower’s employer is not included in the Bank’s "black list of legal entities"

No more than three persons with permanent income are allowed, including close relatives
Absence of debt in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan
Absence in the Bank’s "black list"
The co-borrower’s employer is not included in the Bank’s "black list of legal entities"
The Bank has the right to request additional documents confirming the co-borrower’s solvency

The ratio of all average monthly payments on all existing loans of the Borrower to their average monthly net income (after deduction of all taxes and other mandatory payments), where the Borrower’s debt burden ratio, taking into account the loan being obtained, shall not exceed 50%
Exceptions:
- for Borrowers who were first registered as self-employed less than 6 months before applying to the Bank, the debt burden ratio may not be taken into account and/or may not be calculated, but for no more than 15% of the total number of outstanding loans issued by the Bank to individuals
- for other Borrowers, a debt burden ratio of up to 100% is allowed, but for no more than 15% of the total number of outstanding loans issued by the Bank to individuals

The NPL share for the product shall not exceed 4% of the loan portfolio under this credit product

Identity document (Passport/ ID card)
Equity participation agreement in construction / real estate purchase and sale agreement
Certificate of self-employment (through the State Tax Committee)**
In case there is no information on the Borrower’s income according to external service data, it is necessary to provide an income certificate and a statement of balances and movement of funds on demand deposit accounts for the last at least 6 (six) months
When determining the Borrower’s average monthly income, the Bank uses the information provided by the Borrower, as well as data from its own information systems, credit bureaus, and other official sources
If necessary, the Bank reserves the right to request additional documents from the Borrower

Identity document (Passport/ID card) of the real estate owner
Documents confirming ownership of the collateral, including a certificate of ownership and other documents if necessary
For a Married Mortgagor: Mortgagor's marriage certificate, document certifying the identity of the Mortgagor's spouse (passport/ID card)
Statement from the Mortgagor's spouse regarding consent to provide the collateral as security for the fulfillment of credit obligations
The Bank reserves the right to request additional documents from the Pledgor.