Loan term |
up to 48 months |
Purpose of the loan |
To purchase motor vehicles in the primary market. |
Annual interest rate |
with an initial payment of 50% of the cost of the car and a period of up to 12 months, the annual interest rate is 22.99%; |
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with an initial payment of 40% of the cost of the car and a period of up to 24 months, the annual interest rate is 24.99%; |
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with an initial payment of 30% of the cost of the car and a period of up to 36 months, the annual interest rate is 25.99%; |
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with an initial payment of 20% of the cost of the car and a period of up to 48 months (including 9 months of the grace period, the annual interest rate is 26.99%. |
Loan amount |
Depending on the value of the vehicle |
Security |
Purchased vehicle; |
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Prior to the provision of a purchased car as a pledge - a policy of insurance of the risk of non-repayment of the loan; |
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pledge of other liquid property satisfying the Bank. |
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The total amount of collateral must be at least 125% of the loan amount. |
Repayment frequency |
After the expiration of the grace period on the principal debt - monthly |
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Accrued interest - monthly. |
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The accrual of interest on the loan starts from the date of use of the loan funds on the actual balance of the loan debt. |
Down payment |
At least 20% of the amount of the vehicle. |
Requirements for a potential Borrower |
Age from 18 years old; |
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Citizen of the Republic of Uzbekistan; A stateless person and a foreign citizen permanently residing in the Republic of Uzbekistan; |
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Have a regular source of income; |
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Have a positive credit history (the absence of overdue debts on current loans, as well as the absence of a history of untimely fulfillment of obligations to the bank / banks). |
Required documents |
1. Application for a loan. |
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2. To analyze the average monthly income, the client fills out a “questionnaire”. |
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3. Original passport or other document confirming the identity and place of residence of the Borrower, from which a copy is made by the Loan Officer; |
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4. Agreement with a car dealership for the purchase of a new car; |
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5. Documents for providing. |
Form of granting a loan |
The loan is provided in the national currency (sum) in a non-cash form, by transferring credit funds to the seller's account by the bank. |
When obtaining a car loan, the Borrower must pay the following costs |
Insurance costs |
Place of submission of the loan application |
The application and processing of the loan is carried out in the branches and departments of the bank. |
Loan consideration period |
Loan application consideration period is 3 days from the date of registration of the application. The decision on the loan application is communicated to the client within 24 hours. |
Additional payments for consideration and processing of the loan |
None |
Early repayment |
Early repayment is provided for this type of loan without additional fees and fines. |
Grace period for principal and interest |
With a term of 48 months at an annual interest rate of 26.99%, there is a 9-month grace period for principal debt. |
Possible factors for making a negative decision regarding the provision of a loan |
1. Negative credit history (failure to repay the principal and interest on loans on time, the presence of current overdue debt on loans); |
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2. Unstable income of a potential borrower or their absence (lack of constant income at the current place of work for at least 3 months before the date of application for a loan); |
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3. Incorrect, not reliable, incomplete information provided by the potential borrower. |
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4. Lack of collateral for the loan. |
Possible factors for making a positive decision regarding the provision of a loan. |
1. Positive credit history (timely repayment of loans and interest, no current overdue loans). |
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2. Stable income of a potential borrower (at the current place of work for a period of at least 3 months before the date of submission of the loan application) |
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3. Satisfactory financial position of a potential borrower |
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4. Availability of collateral in the amount and volume necessary to cover the loan (at least 125% of the loan amount). |
In case of violation of the terms of repayment of the principal debt on the loan, the interest rate on the amount of overdue debt increases by 1.5 times from the date of formation of the overdue debt. |
Attention! The loan interest is calculated based on the nominal interest rate. And the full cost of the loan shows how much the loan will cost you if you pay interest and other types of payments on time and in the prescribed amount. |
Attention! The nominal interest rate of this loan is subject to change. At the same time, this change will be agreed with the borrower! |