About loan
|
No. |
Indicators |
Key Terms |
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|
1 |
Loan Purpose |
Purchase of vehicles sold by “GREAT WALL MOTORS DISTRIBUTION” LLC JV in the primary market. |
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|
2 |
Loan term, down payment amount, and interest rate |
JSC “Aloqabank” and “AUTO I”: |
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|
Down payment amount (as a percentage of the vehicle price) |
Loan term (without grace period) and interest rate |
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|
18 months |
24 months |
36 months |
48 months |
60 months |
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|
From 25% |
12,5% |
15,4% |
18,4% |
19,9% |
20,8% |
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|
From 30% |
11,5% |
14,7% |
17,9% |
19,5% |
20,5% |
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|
From 40% |
9,2% |
12,9% |
16,7% |
18,6% |
19,7% |
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|
From 50% |
5,9% |
10,4% |
14,9% |
17,2% |
18,6% |
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|
From 60% |
0,0% |
6,5% |
12,3% |
15,2% |
16,9% |
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|
The sales contract for a vehicle purchased using the loan proceeds allocated under these terms shall include the name of JSC “Aloqabank” and be marked with the notation “AUTO I”. |
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|
JSC “Aloqabank” and “KREDIT”: |
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|
Down payment amount (as a percentage of the vehicle price) |
Loan term (without grace period) and interest rate |
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|
18 months |
24 months |
36 months |
48 months |
60 months |
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|
From 25% |
8,5% |
12,0% |
16,0% |
18,0% |
19,0% |
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|
From 30% |
7,5% |
11,5% |
15,5% |
17,5% |
19,0% |
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|
From 40% |
4,0% |
9,0% |
14,0% |
16,5% |
18,0% |
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|
From 50% |
0,0% |
5,5% |
12,0% |
15,0% |
16,5% |
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|
From 60% |
0,0% |
1,0% |
8,5% |
12,0% |
14,5% |
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|
The sales contract for a vehicle purchased using the loan proceeds allocated under these terms shall include the name of JSC “Aloqabank” and be marked with the notation “CREDIT”. |
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|
JSC “Aloqabank” and “HAVAL I”: |
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|
Down payment amount (as a percentage of the vehicle price) |
Loan term (without grace period) and interest rate |
|||||||
|
18 months |
24 months |
36 months |
48 months |
60 months |
||||
|
From 25% |
3,0% |
8,0% |
13,5% |
16,0% |
17,6% |
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|
From 30% |
1,0% |
6,5% |
12,5% |
15,5% |
17,0% |
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|
From 40% |
0,0% |
3,5% |
10,5% |
13,7% |
15,5% |
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|
From 50% |
0,0% |
0,0% |
7,0% |
11,3% |
14,0% |
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|
From 60% |
0,0% |
0,0% |
2,5% |
7,9% |
11,0% |
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|
The sales contract for a vehicle purchased using the loan proceeds allocated under these terms shall include the name of JSC “Aloqabank” and be marked with the notation “HAVAL I”. |
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|
3 |
Loan amount |
Unlimited, but not exceeding* 75 (seventy five) percent of the collateral accepted as security for loan. In other words, the granted loan amount shall not exceed 75 (seventy five) percent of the collateral provided as security. *Note: In accordance with the Regulation “On Macroprudential Standards Applicable to Banks and Requirements for Maximum Size of Payments on Loans (Microloans) issued by Banks” registered with the Ministry of Justice of the Republic of Uzbekistan on April 22, 2025, No.3618, within the specified limit, the granted loan amount may exceed 75 (seventy-five) percent, but cannot go beyond 90 (ninety) percent of the collateral value. |
|
4 |
Disbursement Method |
Transfer of money to a bank account of “GREAT WALL MOTORS DISTRIBUTION” LLC JV under the sales contract. |
|
5 |
Repayment Method |
Annuity or differentiated payment |
|
6 |
Loan Security |
- Purchased motor vehicle; - Non-Payment Insurance Policy until the purchased vehicle is pledged as collateral. - Pledge of additional piece of liquid property pursuant to the credit policy requirements. or - Pledge of other liquid property (in cases when the purchased vehicle is not pledged). |
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7 |
Additional Condition |
For loans allocated under this loan product, “GREAT WALL MOTORS DISTRIBUTION” LLC JV pays a commission income (cashback) in accordance with the Mutual Cooperation Agreement. |
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