Modular loan «Qulay avtokredit»

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Indicators

Basic terms and conditions

Basic terms

Option 1

Option 2

Option 3

1

Loan period

Up to 36 months

Up to 48 months

Up to 60 months

2

Grace period (on principal)

Up to 3 months

Up to 3 months

Up to 3 months

3

Interest rate

In domestic currency 27,0%
In foreign currency 13,0%

In domestic currency 28,0%
In foreign currency 13,5%

In domestic currency 29,0%
In foreign currency 14,0%

4

Loan amount

Up to UZS 3,0 bln or in the equivalent of USD 250,000

5

Loan purpose

Purchase of motor vehicles and special-purpose machinery

6

Loan repayment method

Differentiated payment

7

Users of services

Corporate customers as well as small and medium business entities

(Foreign currency loans are not granted to individual entrepreneurs. The age of the individual entrepreneur shall not exceed 65 years)

8

Loan security

A)   After-sale pledge of motor vehicles and/or special-purpose machinery purchased on credit;

B)   Non-payment Insurance Policy for the entire loan period before pledging the property

(When pledging the property, a Certificate of Insurance can be replaced with property insurance);

C)  Other forms of security (pledge of property, third party surety, Certificate of Insurance) under the Bank‘s Credit Policy;

If the down payment is 0,0% to 36.0%, at least an additional piece of property is pre-pledged as collateral.

The operation period of purchased on credit and/or additionally pledged vehicles shall not exceed 5 years.

If the customer pays at least 36.0% of his own funds, no additional piece of property might be pledged as collateral.

In this case, the property is taken as a collateral upon approval by the Distressed Assets and Collateral Directorate.

Information on the pledged property is attached.

The value of the pledged property shall total at least 125% of the loan in domestic currency and 130% of the loan in foreign currency.

A third-party surety may be provided as security enhancement.

9

Documents required

Application

Financial statements

Constituent documents (Certificate, Regulations, Deed of Incorporation)

Founders’ consent to raise a loan and to pledge collateral

Other necessary documents

No business plan is required

10

Loan security documents

 For pledge of property:

 - Appraisal report;
 - Vehicle Registration Certificate (Technical passport), a cadastral document for real estate;
 - founders’ consent to pledge collateral (if a legal entity);
 - Property Insurance Policy and Certificate of Insurance

Insurance Policy and Certificate of Insurance

Other necessary documents

11

Additional conditions
(stop factors)

Primary account, if opened with Aloqabank

Automatic STOP-FAKTOR and ANALIZ-SKORING analyses with Colvir KFO and Colvir CBS programs

No arrears on loans received at Aloqabank and other credit organizations

Not more than 2 existing loans obtained in Aloqabank (not available to customers with 3 loans).
The loan “Qulay avtokredit” cannot be taken twice at a time (the loan shall be fully repaid).

Note: Other terms and conditions of the loan are fulfilled as well as the loan issue and review procedures are performed in accordance with laws, the Bank’s Credit Policy and lending procedures.