Car loan for secondary market

An original identity document (a civil passport or ID card) of a customer. In this case, the bank officer takes a copy of the original identity document.

A motor vehicle sale agreement.

The documents required if the loan is secured by a third party surety:

If guarantor is a natural person:

an original identity document (a civil passport or ID card) of the guarantor. In this case, the bank officer takes a copy of the original identity document.

If guarantor is a legal entity:

the balance sheet and appendices of a guarantor-company;

an auditor's report;

the minutes of the founders’ meeting on consent to grant the surety;

the constituent documents (Certificate, Articles of Incorporation, Deed of Incorporation).

A) When the loan does not exceed UZS 50 (fifty) million:

a third party surety.

B) When the loan exceeds UZS 50 (fifty) million:

a motor vehicle to be purchased;

insurance (a Certificate of Insurance) against the risk of loan non-repayment until the purchased vehicle is pledged;

an additional third party surety as stipulated by a Credit Policy requirements.

Even if the loan does not exceed UZS 50 (fifty) million, the loan securities specified in the paragraph «B» may be taken by agreement between the bank and the borrower.