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Auto loan

Auto loan

The loan is issued for the purchase of the cars on the primary market. 

Unlimited  loan amount from 25% annual interest rate up to 5 years loan term
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Car loan

Предварительный расчет. Не является публичной офертой
Loan amount
Down payment amount:
Loan term
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0 sum Monthly payment
0% Interest rate
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Расчет стоимости annuity

Purpose of the loan:

Car loan is a type of credit granted to purchase a car on the primary market.

people who might get a loan: 

Citizens of the Republic of Uzbekistan who have reached the age of 18 and are not more than 60 years old, have a permanent place of work and/or income received as a result of their activities, pensions and other income, or stateless persons permanently residing in the Republic of Uzbekistan.


Basic requirements of a loan without down payment:

Amount Term Grace period

Annual interest rate

Down payment amount Additional information for Grace period Form of repayment
Based on the car-purchase contract amount considering the income of the Customer.  up to 48 months   up to 3 months  25%  0%  The loan is allocated with a pledge of liquid property of no less than 125%  of loan amount.  Differential or Annuity
Based on the car-purchase contract amount considering the income of the Customer. up to 60 months   up to 3 months  26%  0%  The loan is allocated with a pledge of liquid property of no less than 125%  of loan amount.  Differential or Annuity

 

Basic requirements of a loan with down payment:

Amount Term Grace period

Annual interest rate

Down payment amount Additional information for Grace period Form of repayment
Based on the car-purchase contract amount considering the income of the Customer.  up to 48 months   up to 3 months  25%  10%  The amount of the initial fee is paid by the borrower to the account of the seller in the enterprise, that is, it is not stored in the bank as a guarantee of deposit. The loan is allocated to pay the rest of the price of the car. Differential or Annuity
Based on the car-purchase contract amount considering the income of the Customer. up to 60 months   up to 3 months  26%  10%  The amount of the initial fee is paid by the borrower to the account of the seller in the enterprise, that is, it is not stored in the bank as a guarantee of deposit. The loan is allocated to pay the rest of the price of the car. Differential or Annuity

 

Provision of the loan:

A) In cases where the loan amount does not exceed 40 (forty) million Soums:

  • Third-party guarantee.

B) when the loan amount exceeds 40 (forty) million soums:

  • Purchased vehicle;
  • Insurance policy against the risk of non-repayment of the loan, until the purchased car is mortgaged;
  • Based on the requirements of the credit policy, the guarantee of a third party.

Even in cases when the loan amount does not exceed 40 (forty) million Soums, the bank, in accordance with the agreement between the client, accepts the conditions specified in clause "B"


Documents to be submitted by the car loan recipient:

  • a copy of the passport;
  • a sale contract for vehicles sold domestically through an official dealers network.

Information on the income of a borrower (co-borrower, individual guarantor) is obtained from the State Tax Committee (STC) database If the information is not possible to obtain from the STC database (should an application for a loan be submitted by citizens not paying income tax, having income tax benefits, as well as should technical failures occur in the STC database and information system of the Bank) it is provided by the borrower (co-borrower, individual guarantor).

 

Documents required from the guarantor if a third party guarantee is provided as the loan security:

  • A security deposit of 40% of the amount of the purchased vehicle.

Documents required from the guarantor if a third party guarantee is provided as the loan security:

from an individual guarantor:

  • a copy of the passport (an original is provided).

from a legal entity guarantor:

  • the balance sheet and appendices of a guarantor company;
  • auditor's opinion;
  • minutes of the meeting of founders agreeing to issue the guarantee;
  • Constituent documents (Certificate, Regulations and Articles of Association).

Purpose of the laon:

For the purchase of cars of the brands "KIA","RENAULT","LADA", and "HYUNDAI" sold in the primary market.  


Terms of the loan:

The amount of the down payment (according to the cost of the car) Maturity/ Annual interest rate Form of loan provision Credit security
Year1 Year2 Year3 Year4 Year5
From 10%  15% 20% 21.5% 22.5% 24% By transferring funds to the account of LLC "ROODELL" or LLC "HYUNDAI AUTO ASIA" in accordance with the agreement concluded with official dealers selling cars of the brands "KIA", "RENAULT", "LADA" and "HYUNDAI".

- Purchased vehicle;

- insurance policy against the risk of non-repayment of the loan until the purchased car is transferred as collateral;

- Surety of a third party or other pledge of property in addition to it, depending on the requirements of the credit policy.

From 20%  13.5% 19% 21% 22% 23.5%
From 30%  12% 18% 20.5% 21.5% 23%
From 40%  9% 17% 19.5% 21% 22.5%
From 50% and above 6% 15% 18% 20% 22%

Tariffs for Auto loan:

Term Grace period Annual interest rate Down payment amount Additional information for Grace period

up to 4 years

up to 3 months

26%

10% of the loan amount

The amount of the initial fee is paid by the borrower to the account of the seller in the enterprise, that is, it is not stored in the bank as a guarantee of deposit. The loan is allocated to pay the rest of the price of the car.

up to 5 years

up to 3 months

27%

30% of the loan amount

The amount of the initial fee is paid by the borrower to the account of the seller in the enterprise, that is, it is not stored in the bank as a guarantee of deposit. The loan is allocated to pay the rest of the price of the car.

up to 5 years

up to 3 months

28%

10 of the overall payment for the car;

The amount of the initial fee is kept in the bank as a deposit until the car is pledged.  Once the car is pledged the initial fee will be redirected to the loan amount.

Documents to download:

Benefits of a loan from Alokabank

Fast decision making processing the application
as soon as possible.

Issuance of a loan on the day of application use the funds immediately
after receiving the loan.

Minimum documents a passport is enough
to open a loan.

How to get a loan?

1
Fill out an application

It takes
about 5 minutes on average

2
Wait for approval

We make a decision
within 15 minutes

3
Get a loan at the nearest branch

Take your documents with you

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