On February 7, a videoconference meeting chaired by President Shavkat Mirziyoyev discussed the main tasks for the development of service sectors. The meeting was informed that banks will begin to take into account discounts applied to cars for car loans.
Much attention will be paid to the taxi sector. It was reported at the meeting that one of the taxi aggregators proposed to finance 2 thousand cars through loans and provide employment to 4 thousand people. If this proposal is implemented, the number of modern taxis is expected to increase and transport services will improve. Banks are ready to allocate 1 trillion soums in loans for such projects.
Discounts from car dealerships also apply to car loans
Currently, car dealerships are offering discounts to buyers who pay in cash. However, according to current regulations, banks do not take into account these deductions for cars purchased on credit. The meeting proposed to abolish this restriction. If banks take into account the deductions, the interest rate on car loans could decrease by 4 percent. Therefore, the importance of abolishing this restriction for domestic cars was emphasized.
Plans for the transport sector for 2025
The meeting set the task of increasing the volume of transport services by 15 percent in 2025 to 185 trillion soums, as well as increasing the export of transport services to $2.2 billion.
Lending requirements tightened
Starting July 1, 2024, the conditions for lending to the population in Uzbekistan have become even stricter. The Central Bank has introduced a debt burden indicator, according to which the borrower's average loan payments should not exceed 60 percent of his monthly income. All credit organizations, including microcredit providers, must comply with this restriction. Follow “Zamin” news on “Telegram”
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