LOANS FOR HOUSING CONSTRUCTION
These products are offered to a wide range of small and medium-sized enterprises, farmers and employees of public institutions and private companies.
To get loan product tariffs, please use the following link: tariffs
Minimum amount: 500 US dollars and the equivalent in Tajik somoni
Maximum amount: 30 000 US dollars and the equivalent in Tajik somoni
Currency: US dollar and Tajik somoni
Minimum term: 3 months
Maximum term:
For loans in Tajik somoni – up to 120 months
For loans in US dollars – up to 96 months
Grace period on principal repayment: 1 month
Borrower’s contribution: 30% of the construction cost estimate
Guarantor:
For standard customers: A guarantor is required only for loans over USD 2,000 and its equivalent in Tajik somoni;
For high rate and exemplary customers: A guarantor is only required for loans over USD 4,000 and its equivalent in Tajik somoni;
Collateral: According to the schedule of collateral claims
Loan interest: According to the tariffs of credit products
Service charge: According to the tariffs of credit products
Method of interest calculation: Daily on the loan balance
Method of loan repayment: Monthly equal payments – annuity payment
Full early loan repayment or partial prepayment: Permitted without penalty upon written request
Method of calculation of penalty for late payment of loan: 0.3% for each day of delay. The penalty is calculated on the unpaid principal amount of the loan
Additional information:
- For this type of product, the client must provide housing drawings and cost estimates. Based on the cost estimates, the loan amount can be disbursed in tranches;
- Customers with good credit history are given an interest discount;
- The effective annual interest rate is calculated individually for each loan;
- In case of non-payment of the loan and its interest, the loan shall be forcibly recovered from the pledged property;
- Standard customers: new or existing customers who have a credit history with the bank for more than 3 months or have more than 10 days overdue within 24 months of loan repayment;
- High rate customers: customers who have a credit history with the bank of at least 24 months and have up to 10 days overdue on loan repayments;
- Exemplary customers: Customers who have a credit history with the bank of at least 24 months and have not made any delay in loan repayment at all.