Purpose of the deposit:

To build up the down payment required for a mortgage loan using a subsidy allocated from the State Budget.

Eligibility:

Individuals who have received a notification from the Ministry of Economy and Finance of the Republic of Uzbekistan confirming the allocation of a housing subsidy.

Deposit currency:

Uzbek soum (UZS)

Interest rate:

15% per annum

Deposit term:

12 months

Deposit amount:

The amount of the down payment, equal to 15% of the planned mortgage loan amount.

Deposit funding:

The mortgage deposit account is funded using the depositor’s own funds and a subsidy transferred from the State Budget.

Interest accrual terms:

• Interest accrues from the day following the date on which funds are credited to the deposit account until the deposit closing date.
• Interest on the subsidy amount accrues from the day following the date on which the subsidy is received from the State Budget.
• Interest is accrued for each full month during which the funds remain in the deposit account.
• The maximum interest accrual period is 12 months.

If the mortgage loan is declined:

• The depositor’s own funds will be returned together with interest accrued for each full month during which the funds remained in the deposit account.
• The subsidy amount and the interest accrued on it will be returned to the State Budget of the Republic of Uzbekistan.

Additional terms:

• The interest rate specified in the mortgage deposit agreement cannot be reduced.
• Debit transactions are carried out based on supporting documents and a substantiated instruction issued by the head of the relevant Bank unit.
• These terms apply to designated mortgage deposits opened between 1 July and 31 December 2026.