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On November 4, 2026, Uzbekistan's Ministry of Economy and Finance reported that UZS 20.9 trillion in mortgage loans was disbursed to citizens from January through September. That is 91% of the annual target of UZS 23 trillion and UZS 5.9 trillion, or 39%, more than in the same period of 2025.
Where the funding came from
Of the total, UZS 12.8 trillion was financed by the State Budget, UZS 6.1 trillion by commercial banks, and UZS 2 trillion from company funds. These sources made up about 61%, 29%, and 10% of disbursements, respectively; the shares are rounded.
Mortgage subsidies
As of October 1, mortgage subsidy payments totaled UZS 1,208.1 billion. Of that amount, UZS 800.3 billion went toward interest payments, while UZS 407.8 billion was paid to 13,722 citizens to cover down payments. Dividing the latter amount by the number of recipients gives an average of about UZS 29.7 million per person. This is an arithmetic average from the published figures, not a fixed benefit amount for each recipient.
What the 91% figure tells us
By the end of September, disbursements had nearly reached the annual target. About UZS 2.1 trillion remained to reach UZS 23 trillion—the arithmetic difference between the target and the reported total at that time, not a lending cap for the fourth quarter.
The ministry's release does not provide loan rates or terms, regional distribution, or the total number of borrowers. The figures show the scale of the program, but they do not by themselves tell us how affordable a mortgage is for a particular household.
What this means for homebuyers
People can search and compare home-sale listings on UY TUT. Before choosing a property, confirm the interest rate, down payment, term, and subsidy eligibility with a bank: the program's total disbursements do not determine the terms of an individual application.
