Modular loan «Tezkor 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 6 months

Up to 6 months

Up to 6 months

3

Interest rate

In domestic currency - 26,0%
In foreign currency - 13,0%

In domestic currency - 27,0%
In foreign currency - 13,5%

In domestic currency - 28,0%
In foreign currency - 14,0%

4

Loan amount

Up to UZS 3,0 bln
Up to USD 250,000

5

Loan purpose

Acquisition of motor vehicles
(purchase of passenger cars and commercial vehicles on the primary market)

6

Loan repayment method

Differentiated payment

7

Users of services

Corporate customers, 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;

(property worth up to 80% of the purchased property's value is accepted as a collateral).

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

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

The customer's own capital shall not be less than 36.0 percent in domestic currency and 40% in foreign currency.

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.

The Collateral Value Reconciliation Certificate is signed by at least 2 representatives of the bank.

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:

Sales or import contract
Vehicle Registration Certificate (technical passport)

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.

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.