Foreign currency loans

№

Indicators

Basic terms

1

Loan amount

By reference to project value

2

Loan period

Up to 1 year (replenishment of floating capital);
Up to 3 years (for other purposes)
(grace period on principal – up to 6 months).
* For foreign credit lines, in compliance with a credit line terms

3

Interest rate (annual)

13%-14,0% per annum
* Based on foreign credit lines, in compliance with a credit line terms

4

Users of services

With export proceeds in foreign currency:
- Corporate customers;
- Small business entities
* For foreign credit lines, in compliance with a credit line terms

5

Loan purpose

Acquisition of equipment, replenishment of floating capital and other purposes
* For foreign credit lines, in compliance with a credit line terms

6

Loan security 

Deposit

Immovable property

Movable property (passenger cars, commercial vehicles and equipment)

Guarantees of banks and insurance companies

Third-party surety

Certificate of insurance

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.