Microcredit - 300
Interest on the loan may be changed by the decision of the Management Board.
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.
