Education credit

• citizenship of the Republic of Uzbekistan;

  
  

• age up to 60 years inclusive;
  

• enrolment on a paid-contract basis in higher, secondary and vocational educational institutions, including state, non-state and foreign universities and their branches, operating for at least one year in the territory of Uzbekistan;
  
  
• absence of overdue debts on previously obtained loans.
  

Guarantee by a natural person for a credit up to 150 times the base value.

If the credit amount exceeds 150 times the base calculation value - pledge of property:

- Motor vehicles (not older than 5 years from the date of issue);

- Real estate (if it is a house or an apartment without tenants with permanent residence registration).

In this case, the amount of collateral for the credit product (in relation to the balance of the credit) and the solvency of the client are examined separately for each academic year.

• Documents / electronic income data will be obtained by the bank through the Crobs programme;

• Documents guaranteeing the repayment of the education credit and, if necessary, a report from an independent valuation organisation on the valuation of the collateral;

• A duly executed agreement (contract) for education on a paid-contractual basis, concluded between the student and the higher education institution, and the attached invoice/bill (if any). The agreement (contract) must specify the fixed period of study and the amount of payment for one year;

• Certificate of registration in the Single Social Security Register (for children from families registered in the Single Social Security Register).

• Other documents specified by the legislation and the Bank's requirements, including information and documents related to the co-borrower, may also be required.