Autoloan - for the secondary market

Loan Amount:

Up to 64% of the cost of the vehicle purchased on credit, as stipulated in the vehicle supply contract, may be allocated.

Loan target:

Purchase of a vehicle from the secondary market

Loan term - 36 months, without grace period

Interest rate - 30% per annum

Interest on the loan can be changed by a management decision.

Loan currency - sum

Requirements for the Borrower:

An individual who is a resident of the Republic of Uzbekistan, has reached the age of 18, and also has monthly official income in the form of wages.

Form of submission:

By transferring funds to the deposit account of the original owner of the motor vehicle, opened at Universal Bank, according to the purchase and sale agreement.

Down payment: 

not less than 36% of the value of the motor vehicle;

Required documents:

- identity document (passport, ID-card, residence permit, etc.);

- contract for the purchase and sale of motor vehicles;

- independent valuation report on the value of motor vehicles;

Loan security

* Vehicles purchased at the expense of the loan are accepted as security at a value of not less than 125% of the loan amount;

* A collateral of 130% is accepted for loans allocated to persons affiliated with the bank.

Loan repayment procedure:

Repayment of the loan and accrued interest is carried out by the annuity or differential payment method in the manner and under the conditions established by the loan agreement.

Additional terms:

* The borrower wishing to obtain a loan must have worked continuously at their last place of employment for at least 6 (six) months when applying for a loan;

* 50% of the borrower's average monthly net income should be sufficient to cover the maximum monthly payment on the loan and the average monthly payment on existing loans/borrowings.

* The year of manufacture of the purchased motor vehicle must not exceed the last 5 years;

* The purchased motor vehicle is not in a technically faulty condition;

* Positive credit history