Tashkent, Uzbekistan (UzDaily.com) - During quarantine, when every citizen is asked not to leave their place of residence unnecessarily and to remain isolated, on the recommendation of the Central Bank, banks in Uzbekistan began to provide borrowers with credit holidays and take other support measures.

According to information provided by the chief economist of the Tashkent city administration of the Central Bank, Burkhon Musaev, a number of credit facilities have been identified for the quarantine period.

For example, NBU said that for all types of loans issued to individuals, the main debt will be evenly distributed over the remaining repayment schedule.

Uzpromstroybank announced that payments on the main loan debt for individuals were transferred to June 2020.

Asaka Bank provided a two-month deferment of payments for loans whose debts as of 1 April did not exceed 100 million soums. If quarantine is extended, then customers can contact the bank for an extension of deferred payments.

It should be noted that to date, more than 37,000 requests for credit vacations have been received. Applications are accepted only in an online format, based on the current situation.

Almost all banks reported a suspension of interest for late payment of interest.

Banks that provide credit holiday during the quarantine accept online applications. If it is not possible to submit an online application, we ask you to contact your bank within a few days after the end of the quarantine

If you have questions related to the actions of banks during quarantine, please contact the Central Bank’s helpline.