LEARN MORE ABOUT EDUCATION LOAN

✔️Legal basis: the decision of the Cabinet of Ministers “On measures to regulate the allocation of educational loans for study in higher education institutions on a fee-contract basis” (https://lex.uz/docs/5586538) ( No. 527, 18.08.2021)

✔️Loan amount: in the amount of the payment contract concluded between the student and the educational institution (no limit)

✔️Refund period: for a period of 7 years, starting from the seventh month after the end of the study period (3, 4 or 5-year period)

✔️Interest: 🧑🏻‍🎓for guys – in the amount of the main rate of the Central Bank (now 14% – as of September 8, 2023), 👩‍🎓for girls – without interest (0%);

✔️If the main rate changes: if the main rate of the Central Bank decreases, then the loan percentage will also decrease. If the prime rate goes up, then the loan percentage will not change (that is, it will not increase).

✔️To whom it is given:

Full-time, part-time and evening education
✅ Bachelor’s degree (including second major) or Master’s degree
✅ enrolled on a fee-contract basis
✅ or given to students who have transferred their studies.

❌ educational credit is not given for super-contract or remote, special part-time forms.

✔️For which HEIs: educational loan in Uzbekistan, state, non-state or foreign

✅ (https://t.me/OTM_Minbari) higher;
✅ medium special;
Professional educational organizations and their branches
✅ or given to students studying in a joint program.

❌ Educational loans are not granted for studying at HEIs located abroad.

✔️Guarantee: family members of the borrower who have a permanent source of income (parents, brothers, sisters, husband or wife) or other third parties can participate in the education loan agreement as a joint borrower (i.e. be a relative) does not have to be).

✔️Citizenship: education loan is granted only to citizens of Uzbekistan. Banks themselves can provide loans to foreign citizens and stateless persons on commercial terms.

✔️Required documents: the following documents are submitted to the bank:

a) application;
b) the contract between the student and the educational institution;
c) document on guarantee of loan repayment. In this case, no pledge or guarantee is required for the education loan allocated to the children of the families included in the “Unified Register of Social Protection”;
g) Certificate of inclusion in the “Unified Register of Social Protection” (if any);
d) other documents specified in the internal documents (policy) of the bank, including information and documents related to the joint borrower.

✔️ Application processing time: the application must be processed within 5 working days and the loan agreement must be signed. If it is rejected, the student will be given a response letter stating the reason.

✔️Premature repayment: the borrower has the right to repay the education loan before the terms specified in the contract.

✔️When and how to apply: You can apply for an education loan today. You don’t need to go to the bank for this, you can send an application through https://talim-krediti.uz If you prefer going to the bank, you can also consider this option.