Mortgage loan for individuals

Head Office, Banking Services Centers, Sales Offices, and Sales Points of APEX BANK JSC

Payment for expenses and services related to the reconstruction and renovation of residential property (including the purchase of construction materials, integral engineering systems, and equipment). Service provider: KAPITAL ORIENT LEADER LLC

Individuals who are residents* of the Republic of Uzbekistan and are aged between 18 and 60 inclusive 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 1 business day after submission of the complete set of required documents

From 0% to 20%

Up to UZS 500 000 000,00 (inclusive), based on the Borrower’s repayment capacity, but not exceeding 60 percent of the market value of the collateral

The national currency of the Republic of Uzbekistan is the Uzbek sum (UZS)

Up to 36 months

0% per annum

The principal interest rate is set at 40% (forty percent) per annum

Differentiated or annuity repayment method

Monthly, starting from the month following the month in which the loan is disbursed, in accordance with the terms of the concluded loan agreement

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
For annuity loans, 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. If the loan is disbursed between the 11th and the 15th day of a calendar month (inclusive), repayment of the principal amount and accrued interest shall commence in the month following the month of disbursement

In a single disbursement, in non-cash form, by the Bank transferring funds to the Partner’s settlement account pursuant to the construction contract
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.

Insurance of the pledged property (real estate) against the risks of damage and destruction shall be maintained throughout the entire loan term at the Borrower’s expense, in accordance with the terms of the concluded insurance contract and the insurance rules of the insurance company

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 not exceeding 50% of the loan amount, for the entire term of the loan agreement (paid for by the Bank);
Pledge of real estate (residential or commercial property) located within the city of Tashkent or the Tashkent region. The pledged property must meet the Bank’s requirements regarding quality, liquidity, and sufficiency of collateral.
Commercial real estate:
- office premises;
- warehouse and retail premises;
- other real estate meeting the Bank’s requirements regarding quality and sufficiency;
Residential real estate (provided that no persons are registered at the property):
- an apartment in a multi-apartment residential building;
- a residential house

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

No outstanding debts 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

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 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 / military serviceman’s identity card);
contract for work (contracting agreement);
certificate of self-employment (obtained through the State Tax Committee) **;
The Borrower’s creditworthiness shall be assessed in accordance with the procedure established by applicable legislation;
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.

Documents relating to the property offered as collateral, cadastral documents, and other documents, if necessary;
for a Pledgor who is married: 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.

No more than one loan agreement may be concluded with a single Borrower under this credit product within one year.