On February 7, at a videoconference dedicated to the development of the service sector, Shavkat Mirziyoyev instructed officials to prepare and submit a resolution on simplifying the procedure for obtaining online loans.
Online lending process
A temporary procedure for granting online loans will be in effect in Uzbekistan until April 1, 2025. According to it, citizens must undergo biometric identification to apply for a loan through the credit institution's mobile application. This process is carried out in order to confirm that the citizen personally submitted the application and to once again verify personal information.
Also, the client's credit history is studied in two stages:
1. After receiving the application
2. Before the allocation of credit funds
According to the results of the check, if the client has a high debt load or overdue debt, the loan may be denied or the amount allocated may change.
Fraud cases and preventive measures
According to Central Bank officials, this system serves to prevent fraud. In 2024, it was determined that 463 cases caused material damage in the amount of about 15 billion soums.
Expansion of remote services in banks
At the meeting, Shavkat Mirziyoyev also noted that banks should increase the provision of remote services by at least 30 percent this year.
The new reforms will serve to speed up the online lending process, ensure its security, and further expand the possibilities of using banking services. Follow “Zamin” news on “Telegram”
Ctrl
Enter
Did you find a Mistake?
Highlight the phrase and press Ctrl+EnterRelated News
