Interest rates set for funds allocated for mortgage and educational loans from centralized sources
Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the President “On setting interest rates on funds allocated for mortgage and educational loans from centralized sources” was adopted.
In accordance with the document, interest rates on resource funds allocated by the Ministry of Finance to banks for mortgage and educational loans will be maintained until the end of 2022 - for a mortgage loan in the amount of 13 percent, for an educational loan - in the amount of 10 percent.
At the same time, loans at a rate of 10 percent are allocated to the borrower at 14 percent.
The reduction in interest rates on mortgage and educational loans is applied when the main rate of the Central Bank is reduced from 14 percent.