Mortgage Loan for the Primary Market

Head Office, Banking Service Centers, Sales Offices, and Sales Outlets of “APEX BANK” JSC

Purchase of an apartment in multi-apartment residential buildings constructed and sold by GLOBUS ART BUSINESS LLC

Resident individuals of the Republic of Uzbekistan (including persons holding a residence permit) aged 18 or older (inclusive) and not older than 60 at the time of submitting the loan application;
Individuals who have had income for at least the last 6 months as of the application review date, or who have self-employed status.

Within one business day after submission of the complete set of documents

The national currency of the Republic of Uzbekistan — Uzbek sum

From 12 months to 60 months, inclusive (for persons holding a residence permit, the loan term may not exceed the validity period of the residence permit), in accordance with Appendix 1 to this Credit Product Passport.

No Grace Period

A down payment of at least 30% of the contract value of the real estate being purchased, in accordance with Appendix 1 to this Credit Product Passport

Based on the Borrower’s repayment capacity, but not exceeding 70% of the contract value of the apartment being purchased

In non-cash form, by transferring funds by the Bank to the developer’s (seller’s) settlement account on the basis of a shared construction participation agreement/apartment sale and purchase agreement, after the Borrower has paid the down payment for the housing being purchased to the Developer from a demand deposit account held with the Bank;
The loan shall be disbursed within 1 (one) business day from the moment the Borrower fulfills all conditions required for the Bank to open financing.

Repayment of the principal amount and accrued interest shall be made monthly on the 15th day, starting from the month following the month in which the loan is disbursed. However, if the loan is disbursed between the 1st and the 10th day of a calendar month (inclusive), the interest accrued for the month of disbursement shall be payable on the 15th day of that same month, while repayment of the principal amount shall commence in the month following the month of disbursement.

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

0% per annum

Equal monthly installments (annuity)

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

An insurance policy covering the risk of loan non-repayment in an amount of at least 50% of the loan amount for the entire loan term;
Pledge of real estate to be acquired in the future (property rights), purchased using the loan proceeds;
A guarantee from GLOBUS ART BUSINESS LLC covering the full loan amount as additional security

Not more than 80%

A positive credit history; the absence of a credit history is also permitted;
No outstanding overdue debt on previously obtained loans at the time of loan disbursement, according to credit bureau reports and other supporting documents/sources.

No outstanding debt according to the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan;
Not being included in the “blacklist” of the Bank/banks or other organizations;
The Borrower’s employer must not be included in the Bank’s “Blacklist of Legal Entities.”

A maximum of three individuals with a stable income, including close relatives, are permitted;
No outstanding debt according to the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan;
Not being included in the Bank’s “blacklist”;
The Co-Borrower’s employer must not be included in the Bank’s “Blacklist of Legal Entities”;
The Bank reserves the right to request additional documents confirming the Co-Borrower’s solvency.

The ratio of the total average monthly payments on all of the Borrower’s active loans to the Borrower’s average monthly net income (after deducting all taxes and other mandatory payments). The Borrower’s debt burden ratio, including the loan being obtained, must not exceed 50%.
Exceptions:
- For Borrowers who registered as self-employed for the first time less than 6 months before applying to the Bank, the debt burden ratio (DBR) may be disregarded and/or not calculated, provided that such cases do not exceed 15% of the total number of outstanding loans issued by the Bank to individuals.
- For other Borrowers, a DBR of up to 100% is permitted, provided that such cases do not exceed 15% of the total number of outstanding loans issued by the Bank to individuals.

The NPL ratio for this credit product must not exceed 3% of the loan portfolio under this product.

Identity document (Passport / ID card);
Shared construction participation agreement / real estate purchase and sale agreement;
Certificate of self-employment (obtained through the State Tax Committee)**;
If information about the Borrower’s income is unavailable from external services, a certificate of income and a statement showing the balances and transactions on demand accounts for at least the last 6 (six) months must be provided;
When determining the Borrower’s average monthly income, the Bank uses 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 owner of the real estate;
Documents confirming ownership of the collateral, including the ownership certificate and other documents, if necessary;
For a married Pledgor: the Pledgor’s marriage certificate; an 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 fulfillment of loan obligations;
The Bank reserves the right to request additional documents from the Pledgor;