Mortgage rate cut from 22% to 18% for young families
The government subsidises mortgages for families under 35. Rate: 18% for 20 years, down payment from 15%. Programme budget: 2 trillion UZS.
What happened
Families under 35 can access mortgages at 18% for 20 years. Minimum down payment: 15%. Maximum loan: 600 million UZS.
The government covers the gap between the market rate (22–24%) and the subsidised rate (18%), paying it directly to 7 participating banks. Programme launched July 1, 2026.
In simple terms
The government is like a discount card on your apartment. The bank wants 22%, but the government pays 4% on your behalf.
Over 20 years, the payment difference is 150,000–200,000 UZS per month — roughly 40 million UZS in total savings.
This has happened before
The 2021 "Ipoteka 7/20/25" programme offered 7% — but only for new builds. Budget constraints led to its cancellation in 2023.
""I applied on day one. If approved, the payment saving will cover groceries for the whole family."
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Source: mf.uz — Ministry of Finance
What comes next
Housing demand expected to rise 20–25% within two quarters.
What to do
- Check eligibility: under 35, Uzbek citizenship, official income
- Get a free preliminary calculation from one of the 7 participating banks
- Prepare documents: passport, income certificate, marriage certificate
- If planning to buy — act now: the programme budget is limited
Disclaimer
For informational purposes. Confirm terms with your bank.