Microloan - ISHONCH

Microloan currency - sum

Microloan amount - up to 50 million sums

Microloan purpose - No specific purpose

Microloan term - up to 36 months with a grace period of up to 1 month

Interest rate - 31% per annum

Loan interest rates may be changed by decision of the Management Board

Requirements for the borrower:

An individual who is a resident of the Republic of Uzbekistan, at least 18 years of age, with a monthly official income in the form of wages

Disbursement method:

Cash through the cashier or by transfer to a sum-denominated plastic card

Required documents:

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

- Certificate of the borrower's salary for the past year

Microloan security:

* The bank accepts an insurance policy for no less than 125% of the microloan amount that meets the bank's requirements

* For microloans issued to individuals affiliated with the bank, an insurance policy for 130% of the microloan amount is accepted

Microloan repayment procedure:

Repayment of the microloan principal and accrued interest is carried out using an annuity or differentiated method according to the terms established in the microloan agreement

Additional conditions:

* A borrower wishing to obtain a microloan must have worked continuously at their current place of employment for at least 6 (six) months at the time of loan application

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

* Must have a positive credit history