Microloan

Interest rate: For terms up to 36 months - 30%

For terms from 36 to 60 months - 32%

Loan term: up to 60 months (without grace period)

Loan amount:

• up to 50 million soums with a third party guarantee/insurance policy,

• up to 100 million soums with liquid collateral

Requirements to the borrower:

Individuals who are residents of the Republic of Uzbekistan, who have reached the age of 18 and have official income.

Loan security:

• for microloans in the amount of not more than 50 million soums - guarantee of a third party/insurance policy that meets the requirements of the bank, in the amount of not less than 125% of the microloan amount;

• for microloans over 50 million soums - security of property meeting the bank's requirements in the amount of not less than 125 per cent of the microloan amount.

*For microloans granted to persons related to the bank, the pledge is accepted in the amount of 130% of the microloan amount.

Required documents:

• document proving the identity of the borrower,

• certificate of continuous employment and salary of the borrower for at least the last 6 months,

• 50% of the borrower's average monthly net income should be sufficient to cover the highest monthly microloan payment and the average monthly payment for existing loans/debts,

• document certifying the identity of the guarantor,

• the guarantor's income is evaluated separately in accordance with the above requirements.