Tashkent, Uzbekistan (UzDaily.com) -- According to the Presidential Decree “On additional measures to improve the mechanisms for issuing mortgage loans and improving the living conditions of the population in 2024”, the practice of allocation of mortgage loans to persons included in the Poverty Alleviation Program and in need of improved housing conditions will be introduced based on the recommendation “ Mahalla Seven".

Mortgage loans are allocated in the amount of up to 120 million soums for a period of up to 20 years at a rate exceeding the main rate of the Central Bank by four percentage points for the purpose of construction, reconstruction and repair of individual housing;

For mortgage loans, subsidies are paid to compensate for part of the down payment in the amount of 15 percent of the allocated loan, and to cover part of the interest payments exceeding 12 percent during the first five years of the loan term.