Murad Buildings Mortrage

Purpose

Purchase of apartments from partner developers LUX BUILDING GROUP LLC and SAFE FORT LLC in new residential developments in the city of Tashkent under shared construction schemes.

Loan object

Apartments in multi-apartment residential buildings on the primary market, with construction not yet completed and a planned commissioning period of up to 18 months.

Borrower / co-borrower

Citizens of the Republic of Uzbekistan aged from 18 to 60 at the time of application.

Income requirements

Continuous confirmed income for at least 6 months;

lending to individuals without officially confirmed income is permitted with a down payment of at least 25% and a loan amount of up to UZS 420 million;

for self-employed individuals with loan amounts exceeding UZS 420 million, the minimum down payment is 30%.

Credit history

No overdue debt exceeding 1 month;

if the borrower has previously obtained loans, the asset quality classification must be “Standard” or “Substandard” (contract closed).

Debt burden

Total monthly debt obligations under all commitments must not exceed 50% of the borrower’s income.

Amount

Up to UZS 1,000,000,000, including up to UZS 420 million under the state program, with the remaining amount of up to UZS 580 million financed by the Bank without the right to refinancing;

the loan amount must not exceed 85% of the property value, and for loan amounts exceeding UZS 420 million — no more than 75%.

Down payment

From 15% of the purchase price of the property; for loan amounts exceeding UZS 420 million — at least 25%.

Term

Up to 240 months.

Grace Period

Up to 6 months for principal repayment.

Interest rate

Determined based on the loan amount, term, and size of the down payment;

for the portion of the loan up to UZS 420 million, the state mortgage interest rate applies after refinancing.

Repayment

Monthly

Schedule

Annuity or differentiated — at the client’s choice.

Penalty Interest on Overdue Principal

At 1.5 times the base interest rate in accordance with the Bank’s tariffs.

Collateral

Prior to state registration of ownership rights — a guarantee from AVALON GROUP LLC; after registration — the purchased apartment.

Collateral Requirements

At least 125% of the loan amount, and at least 130% for related parties;

exceptions may apply for loans issued under state programs in accordance with the Bank’s internal regulations.

Passport or ID card;

Agreement for purchasing housing;

Documents confirming income;

Other documents — upon the bank’s request.