Last year, the bank allocated loans for 320.6 million soums to 214 students from various higher educational establishments of Uzbekistan.

Chori Mirzaev, head of Asaka Bank’s crediting department, said that educational credits is one of the most spread credit products. The sum of credit determined in line with contract sum, determined by the university.

He added that mercy house inmates and disabled people can receive credits. They have right to receive interest-free credits.

The low income families can also get preferences in obtaining educational credits. Half of the credit interest payments can be paid by the Employment Center. The students should submit necessary documents about their income.

Asaka Bank said that it received applications from students of Tashkent Finance Institute, Tashkent Law Institute, Uzbekistan State World Languages University, Tashkent Medical Academy and others for obtaining educational credit.