Imkon mortgage

• citizenship of the Republic of Uzbekistan;
• aged between 18 and 60 inclusive on the application date;
• permanent employment, regular income from business activities, self-employed status, or another lawful and documented source of income sufficient to make monthly principal and interest payments;
• no outstanding overdue debt under existing loans, microloans, microcredits, leases or other obligations;
• availability of funds for a down payment of at least 20% of the residential property value;
• maximum debt-to-income ratio of 50%;
• existing loans and previously issued sureties are permitted, provided that the borrower remains able to meet the obligations under the new loan;
• the borrower’s credit history for loans, microcredits and microloans is reviewed for the preceding 24 months;
• the loan will not be granted if at least one instance of an overdue payment exceeding 90 days is identified during the preceding 24 months under any current or previously repaid loan.

The following are taken into account when calculating average monthly income:

• salary information for a continuous six-month period, excluding periods of annual leave;
• information on pension payments;
• information on the individual’s funded pension contributions;
• information on taxes paid, including an individual’s annual aggregate income declaration certified by the state tax authorities;
• funds credited to bank accounts, including bank cards, over a continuous six-month period;
• income earned by a self-employed individual from business activities;
• other documented income not prohibited by law.

Income is calculated net of taxes.

For borrowers engaged in seasonal work, income received continuously for at least three months during the preceding six months may be taken into account.

Income earned by a self-employed individual from business activities is not accepted when calculating a co-borrower’s income.

Up to five co-borrowers may be involved.

• co-borrowers are subject to the same requirements regarding citizenship, age, income, debt-to-income ratio and absence of current overdue debt;
• the credit history of co-borrowers for loans, microcredits and microloans is reviewed for the preceding 24 months;
• the income of co-borrowers must be supported by documents or electronic records;
• income earned by a self-employed individual from business activities is not accepted as a co-borrower’s income.

For the Borrower:

1. original identity document — a digital version may be submitted through the Unified Portal of Interactive Public Services;
2. income information or electronic income data — the Bank may obtain this information through the relevant information system;
3. certificate of registration with the state tax authorities as a self-employed individual, if required;
4. a document or certificate confirming the successful auction bid and the corresponding payment;
5. residential property sale and purchase agreement concluded with the Bank;
6. cadastral documents for the residential property and documents confirming ownership rights;
7. loan security documents.

If a military service member submits a military ID, a copy of their passport must also be provided.

For the Co-Borrower:

1. original identity document — a digital version may be submitted through the Unified Portal of Interactive Public Services;
2. income information or electronic income data — the Bank may obtain this information through the relevant information system.

When reviewing the application, the Bank may request additional information and documents in accordance with the procedure established by law.