Approval of the Regulation on Regulating the Debt Burden of Individual Borrowers for Loans (Microloans) Provided by Microfinance Organizations and Pawns

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on December 19, 2019, registration number 3205

Date of entry into force

March 20, 2020

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July 24, 2025

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December 17, 2022

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[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.01.00 General Issues]

[TSZ:

1. Finance / Banks and other credit institutions. Loans]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

[View previous](/docs/4654149?ONDATE=17.12.2022 00#6199377) edition.

On the approval of the Regulation on Regulating the Debt Burden of Individual Borrowers for Loans (Microloans) Provided by Microfinance Organizations and Pawns

(in the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494959) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 19, 2019, registration number 3205]

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4656912) edition.

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", "On Non-Bank Credit Organizations and Microfinance Activity" and Resolution No. PQ-4400 of the President of the Republic of Uzbekistan dated July 23, 2019 "On Measures to Increase the Availability of Microfinance Services" resolution, the Board of the Central Bank of the Republic of Uzbekistan resolves:

(in the edition of Resolution No. 19/11 of the Board of the Central Bank of the Republic of Uzbekistan dated August 23, 2022 [resolution](/docs/6198118?ONDATE=17.12.2022 00#6198606) (registration number 3205-1, dated September 16, 2022) — , September 16, 2022, No. 10/22/3205-1/0831-1 — enters into force from December 17, 2022)

[View previous](/docs/4654149?ONDATE=17.12.2022 00#6199430) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities;

2.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.23.00.00 Other Credit Institutions / 07.23.03.00 Other Credit Organizations]

1. The Regulation on Regulating the Debt Burden of Individual Borrowers for Loans (Microloans) Provided by Microfinance Organizations and Pawns is approved in accordance with the Appendix.

(in the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494961) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[OKOZ:

1.01.00.00.00 Constitutional System / 01.14.00.00 Law-making Activity of State Bodies / 01.14.05.00 Publication and Entry into Force of Normative Legal Acts]

2. This resolution enters into force three months after the date of its official publication.

Chairman of the Central Bank M. NURMURATOV

Tashkent city,

September 28, 2019,

No. 24/5

Appendix

to Resolution No. 24/5 of the Board of the Central Bank of the Republic of Uzbekistan dated September 28, 2019 resolution

[View previous](/docs/4654149?ONDATE=17.12.2022 00#6199438) edition.

Regulation

on Regulating the Debt Burden of Individual Borrowers for Loans (Microloans) Provided by Microfinance Organizations and Pawns

(in the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494964) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817496) edition.

This Regulation establishes the procedure for calculating the debt burden indicator and its permissible amount when non-bank credit organizations (hereinafter referred to in the text as non-bank credit organizations) grant loans (microloans) to individual borrowers, as well as the maximum daily interest rates for loans (microloans) granted to individuals by non-bank credit organizations.

(in the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494966) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

Chapter 1. General Provisions

1. The following main concepts are used in this Regulation:

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817514) edition.

borrower — an individual who has applied to a non-bank credit organization for a loan (microloan);

(in the second sub-paragraph of paragraph 1 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494969) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4656930) edition.

debt burden indicator — the ratio of the amount of the borrower's average monthly payments on loans and/or microloans to the amount of his average monthly income;

(in the third sub-paragraph of paragraph 1 of the edition of Resolution No. 19/11 of the Board of the Central Bank of the Republic of Uzbekistan dated August 23, 2022 [resolution](/docs/6198118?ONDATE=17.12.2022 00#6198653) (registration number 3205-1, dated September 16, 2022) — , September 16, 2022, No. 10/22/3205-1/0831-1 — enters into force from December 17, 2022)

[View previous](/docs/4654149?ONDATE=17.12.2022 00#6199478) edition.

lender — a bank, a non-bank credit organization, a payment organization carrying out microfinance activity, and an organization granting commodity consumer credit;

(in the fourth sub-paragraph of paragraph 1 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494970) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

payments under a loan (microloan) agreement — the full value of the loan (microloan), interest, other payments known at the time of concluding the agreement, including payments made for the benefit of a third party, if such payments arise from the terms of the agreement;

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4656934) edition.

amount of average monthly payments — the average monthly value of payments on loans (microloans) under the application(s) (applications) of the borrower being considered by the lender for the granting of a loan (microloan), as well as under all loan (microloan) agreements concluded by the borrower with all lenders, as well as under loan (microloan) agreements in which the borrower participates as a guarantor and/or co-borrower;

(in the sixth sub-paragraph of paragraph 1 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494972) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

amount of average monthly income — the salary of an individual, as well as pensions and other income;

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refinancing of a loan — the granting of a loan (microloan) by a non-bank credit organization on favorable terms for the purpose of repaying a loan (microloan) obtained by the borrower from other lenders;

(in the eighth sub-paragraph of paragraph 1, added on the basis of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494974) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

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co-borrower — an individual who participates in monthly payments on a loan (microloan) and its interest together with the borrower, as well as an individual who is jointly liable for the loan (microloan).

(in the ninth sub-paragraph of paragraph 1 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494977) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=20.03.2020 00#6817545) edition.

[OKOZ:

1.09.00.00.00 Entrepreneurship and Economic Activity / 09.01.00.00 Legislation on Entrepreneurship / 09.01.04.00 Small and Private Entrepreneurship. Family Entrepreneurship]

11. The requirements of this Regulation do not apply to loans granted within the framework of programs for the development of family entrepreneurship.

(in paragraph 11, added on the basis of Resolution No. 42/16 of the Board of the Central Bank of the Republic of Uzbekistan dated January 26, 2024 [resolution](/docs/6809992?ONDATE=23.03.2024 00#6810472) (registration number 3205-3, dated February 21, 2024) — , February 22, 2024, No. 10/24/3205-3/0143-3 — enters into force from March 23, 2024)

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[View previous](/docs/4654149?ONDATE=23.03.2024 00#7509429) edition.

(on the basis of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494979) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7, the date of issuance of the first sub-paragraph of paragraph 2 is July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817577) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities]

2. The debt burden indicator must be calculated for each borrower when a non-bank credit organization grants a loan (microloan), including when increasing the amount of average monthly payments for this loan (microloan) (except for cases of increasing the amount of payments due to an increase in the variable interest rate specified in the contract), increasing the lending limit, extending the term, and when making a decision on other matters related to the rights (claims) of another lender to the loan (microloan) or refinancing the loan (hereinafter in the text referred to as granting a loan (microloan)).

(in the first sub-paragraph of paragraph 2 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494979) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

In this case, the debt burden indicator:

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817579) edition.

(on the basis of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494983) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7, the date of issuance of the third sub-paragraph of paragraph 2 is July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817581) edition.

is not calculated or taken into account when a non-bank credit organization grants a loan (microloan) to a borrower who is an individual, if the sum of its amount and the total principal balance of the borrower's existing loan (microloan) agreements does not exceed 50 times the base calculation unit;

(in the third sub-paragraph of paragraph 2 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494985) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[OKOZ:

1.05.00.00.00 Legislation on Labor and Employment of the Population / 05.01.00.00 Employment and Population Employment / 05.01.13.00 Self-Employed Individuals]

is not calculated or taken into account when a microfinance organization grants a microloan to a borrower who is a self-employed individual, if the sum of its amount and the total principal balance of the borrower's existing loan (microloan) agreements does not exceed 75 times the base calculation unit.

(in paragraph 2 of the edition of Resolution No. 42/16 of the Board of the Central Bank of the Republic of Uzbekistan dated January 26, 2024 [resolution](/docs/6809992?ONDATE=23.03.2024 00#6810475) (registration number 3205-3, dated February 21, 2024) — , February 22, 2024, No. 10/24/3205-3/0143-3 — enters into force from March 23, 2024)

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4656947) edition.

[OKOZ:

1.03.00.00.00 Civil Legislation / 03.10.00.00 Law of Obligations / 03.10.01.00 Concept of Obligation and Parties. Exchange of Persons in Obligation]

3. When the rights (claims) of another lender to a loan (microloan) are purchased or the loan is refinanced, the payments of the borrower for this loan (microloan) are not taken into account again in the calculation of the debt burden indicator.

(in paragraph 3 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494986) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

Chapter 2. Determining the Amount of Average Monthly Payments of the Borrower

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities]

4. The following payments are included in the calculation of the amount of average monthly payments:

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on the application being considered by the lender for the granting of a loan (microloan);

(in the second sub-paragraph of paragraph 4 of the edition of Resolution No. 42/16 of the Board of the Central Bank of the Republic of Uzbekistan dated January 26, 2024 [resolution](/docs/6809992?ONDATE=23.03.2024 00#6810470) (registration number 3205-3, dated February 21, 2024) — , February 22, 2024, No. 10/24/3205-3/0143-3 — enters into force from March 23, 2024)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817527) edition.

in the application being considered by the non-bank credit organization for the granting of a loan (microloan), if a co-borrower is envisaged, for each loan (microloan) agreement concluded by him with all lenders;

(in the third sub-paragraph of paragraph 4 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494989) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4656983) edition.

under all loan (microloan) agreements concluded between the borrower and all lenders and existing on the date of calculation of the debt burden indicator;

(in the fourth sub-paragraph of paragraph 4 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494989) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[OKOZ:

1.03.00.00.00 Civil Legislation / 03.10.00.00 Law of Obligations / 03.10.02.00 Security of Performance of Obligations / 03.10.02.04 Guarantee]

under loans (microloans) for which the borrower participates as a guarantor in accordance with a guarantee agreement, if there are payments overdue for more than 30 days on them on the date of calculation of the debt burden indicator.

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[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities]

41. If the term for repayment of a loan (microloan) under the agreement exceeds 36 months, all payments for the loan (microloan) are distributed in an amount equal to 36 months in the calculation of the amount of average monthly payments for the debt burden.

(in paragraph 41 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494991) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=20.03.2020 00#4657000) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.23.00.00 Other Credit Institutions / 07.23.03.00 Other Credit Organizations]

5. A non-bank credit organization calculates average monthly payments using credit reports provided by the credit bureau and information obtained by the non-bank credit organization from other official sources.

(in paragraph 5 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494993) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817531) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities]

6. The time interval between the date of calculation of the debt burden indicator and the date of granting the loan (microloan) must not exceed 10 calendar days.

(in paragraph 6 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494995) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

Chapter 3. Determining the Amount of Average Monthly Income of the Borrower

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.02 Microcredit. Lending of small business entities]

7. The amount of average monthly income of the borrower is calculated as the arithmetic mean of the amount of income received by the borrower over the last 12 months.

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817536) edition.

If a co-borrower is envisaged in the application for the granting of a loan (microloan) being considered by the non-bank credit organization, his income is also included in the calculation of the average monthly income.

(in the second sub-paragraph of paragraph 7 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494996) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=17.12.2022 00#6199547) edition.

[OKOZ:

1.12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.08.00 Provision of Information. Information Services]

8. In determining the average monthly income of the borrower, the non-bank credit organization uses information provided by the borrower and/or independently obtained by it from the credit bureau or other sources.

(in paragraph 8 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494996) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

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[OKOZ:

1.12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.06.00 Personal Data and Their Protection]

9. In determining the average monthly income of the borrower and the co-borrower, the non-bank credit organization has the right to use the following confirming documents and information:

(in the first sub-paragraph of paragraph 9 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494998) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

information on wages confirmed by the employer;

[OKOZ:

1.06.00.00.00 Social Security and Social Insurance Legislation. Social Protection / 06.06.00.00 Pensions / 06.06.16.00 Appointment and Payment of Pensions]

information on the amount of pension;

[OKOZ:

1.06.00.00.00 Social Security and Social Insurance Legislation. Social Protection / 06.06.00.00 Pensions / 06.06.12.00 Accumulative Pension Provision (see also 06.03.05.00)]

information on the accumulation of pension contributions by citizens;

information on income received by the borrower into bank accounts;

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.14.00.00 Accounting of Taxpayers. Tax Reporting]

information on paid taxes;

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.24.00.00 Securities. Securities Market / 07.24.01.00 Types of Securities / 07.24.01.07 Dividends on Securities]

information on income received from interest, dividends, and leasing of property.

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[View previous](/docs/4654149?ONDATE=23.03.2024 00#7509937) edition.

In this case, the non-bank credit organization may use information other than the documents cited in the second to seventh sub-paragraphs of this paragraph.

(in the eighth sub-paragraph of paragraph 9 of the edition of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7494999) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7. Date of entry into force — July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817637) edition.

(on the basis of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7495001) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7, the date of issuance of the ninth sub-paragraph of paragraph 9 is July 24, 2025)

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817639) edition.

(on the basis of Resolution No. 7/4 of the Board of the Central Bank of the Republic of Uzbekistan dated April 8, 2025 [resolution](/docs/7491605?ONDATE=24.07.2025 00#7495001) (registration number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377-7, the date of issuance of the tenth sub-paragraph of paragraph 9 is July 24, 2025)

Chapter 4. Norms for Limiting the Growth of Debt Burden

[View previous](/docs/4654149?ONDATE=23.03.2024 00#6817651) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Special Types of Lending / 07.22.06.02 Microcredit. Lending to Small Business Entities]

10. When a non-bank credit organization issues a loan (microloan) to an individual, the borrower's debt burden indicator must not exceed 50 percent, except for the cases specified in clause third and fourth paragraphs of this Regulation.

(Paragraph 10 in the edition of the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 7/4 dated April 8, 2025 ([resolution](/docs/7491605?ONDATE=24.07.2025 00#7495002)) (registry number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377. Entry into force date — July 24, 2025)

[Previous](/docs/4654149?ONDATE=17.12.2022 00#6199588) edition.

[Previous](/docs/4654149?ONDATE=03.05.2023 00#7509623) edition.

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Special Types of Lending / 07.22.06.02 Microcredit. Lending to Small Business Entities]

11. The sum of interest payments and other payments (excluding liability measures applied for failure to fulfill contract terms) on a loan or microloan issued to individuals by a non-bank credit organization must not exceed 0.3 percent per day relative to the principal balance of the loan or microloan.

(First paragraph of Paragraph 11 in the edition of the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 7/4 dated April 8, 2025 ([resolution](/docs/7491605?ONDATE=24.07.2025 00#7494996)) (registry number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377. Entry into force date — July 24, 2025)

In this case, other payments specified in the first paragraph of this paragraph, if collected for a specific period, are distributed in an amount equal to the number of days in that period for the daily interest calculation.

(Paragraph 11 in the edition of the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 30/13 dated January 4, 2023 ([resolution](/docs/6376059?ONDATE=03.05.2023 00#6376170)) (registry number 3205-2, dated February 2, 2023) — , February 2, 2023, No. 10/23/3205-2/0068 — enters into force from May 3, 2023)

[Previous](/docs/4654149?ONDATE=20.03.2020 00#6376608) edition.

[OKOZ:

1.03.00.00.00 Civil Legislation / 03.10.00.00 Law of Obligations / 03.10.02.00 Ensuring Performance of Obligations / 03.10.02.01 Penalty]

111. The sum of all payments other than the principal debt on a loan or microloan, including interest, brokerage fees, penalties (fines, late fees), and other liability measures, must not exceed half of the loan amount per year.

In this case, the loan amount means:

• when the term of the loan or microloan contract is 12 months or less, the amount of the loan or microloan issued under the contract;
• when the term of the loan or microloan contract is more than 12 months, the remaining principal balance of the loan or microloan at the beginning of the 12-month period;
• if the principal amount of the loan or microloan increases within a 12-month period, the remaining principal balance of the increased loan or microloan from the date of increase for the subsequent period is understood.

The limit specified in the first paragraph of this paragraph is calculated as follows:

In this case,

• balance_i — the remaining principal balance of the loan or microloan that does not increase for period i;
• days_i — the number of days the remaining principal balance of the loan or microloan does not increase in period i;
• period i — the period during which the loan or microloan balance does not increase;
• payments — all payments other than the principal debt on a loan or microloan, including interest, brokerage fees, penalties (fines, late fees), and other liability measures;
• term — 365 days, or if the loan or microloan contract term is less than 12 months, its term in days.

When calculating all payments payable other than the principal debt on a loan or microloan under a loan or microloan contract, the examples provided in the appendix of this Regulation are used.

(Paragraph 111 added based on the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 30/13 dated January 4, 2023 ([resolution](/docs/6376059?ONDATE=03.05.2023 00#6376174)) (registry number 3205-2, dated February 2, 2023) — , February 2, 2023, No. 10/23/3205-2/0068 — enters into force from May 3, 2023)

Chapter 5. Final Provisions

[Previous](/docs/4654149?ONDATE=20.03.2020 00#4657043) edition.

12. Persons guilty of violating the requirements of this Regulation are liable in the manner established by legislative acts.

(Paragraph 12 in the edition of the Order of the Minister of Justice of the Republic of Uzbekistan No. 16-mh dated July 28, 2021 ([order](/docs/5535529?ONDATE=28.07.2021 00#5564277)) (registry number 3313, dated July 28, 2021) — , July 28, 2021, No. 10/21/3313/0724)

See: Articles 312 –– 315 of the Labor Code of the Republic of Uzbekistan, Chapter XV of the Criminal Code.

13. This Regulation is coordinated with the Chamber of Commerce and Industry of the Republic of Uzbekistan.

Chairman of the Chamber of Commerce and Industry of the Republic of Uzbekistan A. IKRAMOV

December 6, 2019

[Previous](/docs/4654149?ONDATE=20.03.2020 00#6376645) edition.

[Previous](/docs/4654149?ONDATE=03.05.2023 00#6376651) edition.

Regulation on Regulating the Debt Burden of Individual Borrowers on Loans (Microloans) Provided by Microfinance Organizations and Pawns

APPENDIX

(Appendix in the edition of the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 7/4 dated April 8, 2025 ([resolution](/docs/7491605?ONDATE=24.07.2025 00#7495004)) (registry number 3205-4, dated April 21, 2025) — , April 23, 2025, No. 10/25/3205-4/0377. Entry into force date — July 24, 2025)

Examples for Calculating All Payments Payable Other Than the Principal Debt on a Loan or Microloan

1. when the term of the loan or microloan contract is 12 months or less:

All payments on a loan or microloan				≤	Amount of loan or microloan issued under the contract				x 50%

2. when the term of the loan or microloan contract is more than 12 months:

All payments on a loan or microloan within a period equal to 12 months				≤	Remaining principal balance of the loan or microloan at the beginning of the period equal to 12 months				x 50%

3. if the principal amount of the loan or microloan increases within a period equal to 12 months:

In this case, the maximum amount of payments:

a) For period X:

For the first three months of period X:	10,000,000	x	90 days (Jan. - 31 days, Feb. - 28 days, Mar. - 31 days)	x 50%	=	1,232,876.71
365
						+
For the next nine months of period X:	15,000,000	x	275 days (Apr. - 30 days, ..., Dec. - 31 days)	x 50%	=	5,650,684.93;
365
					=	6,883,561.64;

b) For period Y: 7,500,000 = 15,000,000 (balance at the beginning of the period equal to 12 months) x 50%;

c) For period Z: 5,000,000 = 10,000,000 (balance at the beginning of the period equal to 12 months) x 50%.

(Appendix added based on the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan No. 30/13 dated January 4, 2023 ([resolution](/docs/6376059?ONDATE=03.05.2023 00#6376204)) (registry number 3205-2, dated February 2, 2023) — , February 2, 2023, No. 10/23/3205-2/0068 — enters into force from May 3, 2023)

(National Database of Legislative Acts Information, December 19, 2019, No. 10/19/3205/4177; , July 28, 2021, No. 10/21/3313/0724; September 16, 2022, No. 10/22/3205-1/0831; February 2, 2023, No. 10/23/3205-2/0068; February 22, 2024, No. 10/24/3205-3/0143; April 23, 2025, No. 10/25/3205-4/0377))