Initial installments and interest payments on the loan after the first five years are carried out at the expense of the own funds of young families
Tashkent, Uzbekistan (UzDaily.com) -- A Government resolution "On measures to improve the provision of housing for young families actively participating in the country's public life" was adopted.
According to the resolution, a part of the down payment of up to 65 percent of the cost of 2116 houses for young families is allocated in the form of a loan from the funds of the Youth Union of Uzbekistan for a period of up to 7 years at a 50 percent rate of the refinancing rate (until today the down payment has been fully paid by the Union youth of Uzbekistan).
Also, at the end of the first 5 years on a mortgage loan, 25 percent of the amount equal to the refinancing rate calculated for the entire subsequent period is paid at the expense of the Youth Union of Uzbekistan.
For housing, construction of which begins in 2020:
- initial installments and interest payments on the loan after the first five years are carried out at the expense of own funds of young families;
- during the first 5 years of using the loan, the interest rate is set at a rate that gradually exceeds the fixed refinancing rate from 7 percent to the level of the fixed refinancing rate, and in the subsequent period - at the refinancing rate.