Credit term |
up to 36 months |
Purpose of the loan |
To purchase of vehicles manufactured in the Republic of Uzbekistan in the secondary market for consumer needs, the term of production of which does not exceed 3 years |
Annual interest rate |
25.99% per annum |
Loan amount |
Depending on the vehicle price |
Security |
- Vehicle purchased;
- Collateral of other liquid property satisfying the Bank.
Total collateral must be at least 125% of the loan amount.
|
Repayment frequency |
- Principal debt - monthly;
- Accrued interest - monthly.
- The accrual of interest on the loan starts from the date of using the loan funds on the actual balance of the loan debt.
|
Initial contribution |
At least 30% of the vehicle amount. |
Requirements for a potential Borrower |
- Age 18+;
- Citizen of the Republic of Uzbekistan; A stateless person and a foreign citizen permanently residing in the Republic of Uzbekistan;
- Have at least 6 months of work experience at the current workplace prior to the date of submission of the loan application;
- Have a positive credit history (no past due debt on current loans, and no history of late fulfillment of obligations to the bank/banks).
|
Documents required |
- Application for a loan.
- Have a salary plastic card and turnover for a period of at least 3 months. At the same time, the turnover must be sufficient to cover the costs of all existing loans (including a newly received);
- Original passport or other document confirming the identity and place of residence of the Borrower, from which a copy is taken by the Loan Officer;
- Technical passport of the purchased vehicle;
- Assessment by an independent appraisal organization to determine the value of the vehicle being purchased;
- Three-party agreement between buyer, consignor and commission agent;
- Collateral documents.
|
Loan form |
The loan is provided in the national currency (UZS) in a non-cash form, by transferring loan funds to the account of the commission agent by the bank. |
Loan application place |
Application and arranging of a loan is carried out in branches and departments of the bank. |
Loan consideration term |
The term for consideration of a loan application is 3 days from the date of application registered. The decision made on the loan application is communicated to the client within 24 hours. |
Additional fees for processing and arranging a loan |
Unavailable |
Early repayment |
Early repayment of this type of loan is provided without additional fees and penalties. |
Principal debt and interest grace period |
No grace period for principal debt and interest. |
Possible factors for making a negative decision to grant a loan |
- Negative loan history (non-timely repayment of principal debt and interest on loans, current overdue debt on loans);
- Unstable income of the potential borrower or their absence (lack of stable income at the current place of work for at least 3 months before the date of submission of the loan application);
- Incorrect, not reliable, incomplete information provided by the potential borrower.
- Loan is not secured.
- The technical condition of the car to be purchased with a loan is not satisfactory.
|
Possible factors for making a positive loan decision. |
- Positive credit history (timely repayment of loans and interest, no current overdue loans).
- Stable income of the potential borrower (at the current place of work for a period of at least 3 months before the date of the loan application)
- Satisfactory financial status of the potential borrower
- Presence of collateral in the amount and quantity needed to cover the loan (at least 125% of the loan amount).
|
In case of violation of terms of repayment of the principal debt on the loan, the interest rate on the amount of overdue debt increases 1.5 times from the date of overdue debt formation. |
Attention! The loan interest is calculated based on the nominal interest rate. And the total 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. |
Please note, the nominal interest rate of this loan is subject to change. And this change will be agreed with the borrower! |