Starting from May 1, individuals with insufficient official income will be eligible for mortgage loans, Uzbekistan's president Shavkat Mirziyoyev's press secretary informs.
The move is expected to boost economic growth in each region by providing more relief and opportunities for residents and builders. The new policy will take into account expenses paid on a bank card, such as rent and utilities when determining solvency.
Those who pay a higher down payment will also be able to access cheaper loans from banks. Additionally, the validity period of subsidy notifications will be reduced from 12 to 4 months to allow more people to use the funds allocated to the subsidy.
Individuals who have not used their certificate for 4 months will also have the right to re-apply for a subsidy.
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