In Uzbekistan, the procedure for granting loans to hotel businesses has been presented
On September 8, the Committee for Tourism of the Republic of Uzbekistan announced the conditions for preferential lending to hotel business entities.
In Uzbekistan, the procedure for issuing loans to hotel business entities has been presented.
According to the agency, commercial banks provide loans for the construction of new facilities — up to 50 billion soums — and for the reconstruction and equipping of existing hotels — up to 20 billion soums. The loan term is up to 10 years, or 120 months, with a grace period of 2 years provided for borrowers.
According to the terms, a portion of the interest expenses will be compensated. For loans in the national currency, the amount exceeding 16% per annum is reimbursed, and for foreign currency loans — the excess over the base rates of SOFR, EURIBOR, or SHIBOR. The compensation operator is JSC "Entrepreneurship Development Company".
"The demand for credit funds is collected through the regional tourism departments of the Republic of Karakalpakstan, the regions, and the city of Tashkent, and is submitted to the Tourism Services Certification Center," the statement says.