Microcredit - 300

Loan amount - Up to 300 million UZS

Loan purpose - Not specified

Loan term - Up to 60 months with a grace period of up to 1 month

Interest rate - 30% per annum

Interest on the loan may be changed by the decision of the Management Board.

Credit currency - UZS

Requirements for borrowers:

A self-employed individual who is at least 18 years old and a resident of the Republic of Uzbekistan.

Disbursement method:

In cash or by transfer to the borrower's plastic card opened at JSCB "Universal Bank"

Required documents:

Document confirming the borrower's identity (passport, ID card, residence permit, etc.);

Copy of self-employment certificate;

Document confirming the guarantor's identity (passport, ID card, residence permit, etc.); 

Information on the guarantor's salary for the past year;

Collateral documents, if collateral is provided.

Loan security:

* For loans up to 50,000,000 (fifty million) soms - third-party guarantee/insurance policy or other liquid security meeting bank requirements, amounting to at least 125% of the loan amount;

* For loans exceeding 50,000,000 (fifty million) soms - pledge of liquid property meeting bank requirements, amounting to at least 125% of the loan amount.

* For loans to persons affiliated with the bank, collateral of 130% of the loan amount is required.

Loan repayment procedure:

Repayment of the loan and accrued interest is carried out through annuity and differential payment methods as stipulated in the loan agreement.

Additional terms:

* Positive credit history;

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

* The guarantor's income is evaluated separately according to the above requirement.

* No one should be registered as residing in the property provided as collateral.