Autoloan

№

Indicators

Basic terms

1

Loan amount

Up to 64% of the motor vehicle value
(up to 60% for newly established entities)

2

Loan period

Up to 3 years
(grace period on principal - up to 3 months)

3

Interest rate (annual)

Base rate + 5,0% (26%)

4

Users of services

- Corporate customers;
- Small business entities

5

Loan purpose

Motor vehicle purchase on the primary market

6

Loan security 

Vehicles purchased with a loan

Certificate of insurance (before pledging motor vehicles purchased on credit or for the entire loan period)

Deposit

Immovable property

Movable property (passenger cars, commercial vehicles and equipment)

Guarantees of banks and insurance companies

Third-party surety

Other types of security not prohibited by law

7

Documents required

Application

Business plan

Financial statements

Constituent documents
(Certificate, Regulations, Deed of Incorporation)

Founders’ consent to raise a loan and to pledge collateral

Other necessary documents

8

Loan security documents

 For pledge of property:

 - appraisal report;
 - cadastral documents, Vehicle Registration Certificate (technical passport) and/or engineering supervision;
 - founders’ consent to pledge collateral;

 For a third-party surety:

 - Financial statements of a guarantor organization;
 - Auditor’s opinion;
 - Founders’ consent to issue a surety;
 - Constituent documents (Certificate, Regulations, Deed of Incorporation)

 For insurance:
 - Insurance Policy and Certificate of Insurance 

Other necessary documents

Note: The Liquidity Management Committee of Aloqabank every month determines the Base rate.