OREANDA-NEWS. September 15, 2010. Asaka state joint-stock commercial bank actively extends educational credits to full time contract students of higher education institutions.

Asaka bank issues credits to Bachelor students for ten years and for five years to students getting Masters degree including the period of education.

At the same time Asaka bank issues interest-free credits to orphans, Mehribonlik children's home inmates and disabled people from childhood of I and II groups.

Other categories of students enjoy credit means at floating interest rate not exceeding the refinance rate of the Central bank of Uzbekistan (presently the Central bank refinance rate is 14% APR).

Such favorable credit conditions caused growing demand for educational credits. As the result, 214 students of different higher educational institutions applied for educational credits that comprised 320.6 million soums. This year 233 students got educational credits worth 321.7 million soums.