Revolving modular loan to Replenish Floating Capital

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Indicators

Basic terms

1

Loan amount

For new entrepreneurs and/or business customers opened new accounts with Aloqabank, as well as for business customers opened an account with Aloqabank but have not started full-fledged operations

Up to UZS 1,0 billion

For business customers opened accounts with Aloqabank more than 3 months ago

Above UZS 1,0 billion and up to UZS 3,0 billion, but in the amount:

A)   not exceeding 100% of Aloqabank’s cash turnover over the last year

B)   not exceeding 50% of Aloqabank and other banks’ cash turnover over the last year

2

Loan period

Master Agreement - up to 3 years;
Granted loan - up to 1 year

3

Interest rate (annual)

25%

4

Users of services

- Corporate customers;
- Small business entities

- Retail and wholesale entrepreneurs (pharmacies, food and non-food stores, etc.);

- Manufacturing enterprises;

- Service enterprises (given, an individual entrepreneur is below 65 years old)

5

Loan purpose

Replenishment of floating capital (to set up and develop business)

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 (to sign the Master Agreement and raise a loan)

Business plan (in line with the Master Agreement term)

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.