Purpose: To cover tuition fees for full-time programs at universities, secondary specialized, and professional educational institutions in Uzbekistan.

Currency: Uzbekistani Sum (UZS)

Interest Rate: 13.5% (aligned with the Central Bank of Uzbekistan's rate)

• For female students on a paid-contract basis, the interest is subsidized to 0% by the Educational Credit Fund under the Ministry of Finance.

• If the Central Bank's base rate decreases, the loan's interest rate will proportionally decrease; however, it remains unchanged if the base rate increases.

Loan Term: Duration of the study program plus 6 months, followed by an additional 7 years for repayment.

Grace Period: Covers the entire study period plus 6 months post-graduation.

Loan Amount:

• First-Year Students: Covers 100% of the tuition fee.

• Second-Year and Above: Loan coverage is based on the Grade Point Average (GPA):

  • GPA below 3.0: Up to 80% of the tuition fee, with the student responsible for the initial 20% payment.

  • GPA of 3.0 or higher, or students from families listed in the "Unified Social Protection Register": Eligible for a loan covering 100% of the tuition fee.

Repayment Method: Differentiated payments.

Disbursement: Funds are transferred directly to the educational institution's account.

• For subsequent academic years, the loan amount is adjusted based on the updated tuition fee, formalized through an addendum to the original loan agreement.

Collateral:

• For loans up to 150 times the base calculation amount: Personal guarantor and/or insurance policy.

• For loans exceeding this amount: Collateral in the form of property.

• Collateral requirements and the client's solvency are assessed annually.

Citizenship: Citizen of the Republic of Uzbekistan.

Age: Under 60 years at the time of application.

Income: Stable income from sources such as salary, pension, dividends, rental income, or other legally documented earnings sufficient to cover monthly interest and principal payments as per the repayment schedule.

Identification: Passport or valid ID; if a military ID is provided, a passport copy is also required.

Income Verification: Income documentation (electronic data obtained by bank staff through the bank's system).

Educational Contract: Agreement between the student and the educational institution specifying the duration and cost of the program.

Academic Performance: For students beyond the first year, a GPA certificate from the "Higher Education Process Management" information system (HEMIS) or an official transcript from the institution.

Payment Confirmation: Receipt or proof of payment for the initial 20% of the tuition fee, if applicable.

Collateral Documentation: Documents supporting the collateral provided, including an independent appraisal report if necessary.

Social Protection Status: Certificate confirming inclusion in the "Unified Social Protection Register" for eligible students.

Additional Documents: Other documents as required by law and the bank's internal policies.