Consumer loan - Turizm

Requirements for the Borrower:

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

Loan amount

up to 200 times the minimum wage

Loan target

For the purpose of traveling to the territory of the Republic of Uzbekistan and foreign countries.

Loan term

Without a grace period, up to 36 months;

Interest rate

32% per annum

For employees of a budget organization with an account number in JSCB "Universal Bank":

30% per annum

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

Form of submission

by transferring funds to the account of the organization providing tourism services in accordance with the agreement;

Required documents

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

- Agreement with a travel agency;

- Information on the borrower's salary for the last year;

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

- Information on the guarantor's salary for the last year;

- collateral documents, if the collateral is provided;

Loan security

* for loans allocated in the amount of not more than 30,000,000 (thirty million) soums - in the amount of not less than 125% of the loan amount, a third-party guarantee/insurance policy or other liquid security that meets the requirements of the bank;

* for loans issued in the amount of more than 30,000,000 (thirty million) soums - at least 125% of the loan amount, as collateral for liquid property that meets the requirements of the bank.

* 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 and differential payment method in the manner and under the conditions established by the loan agreement.

Additional terms

* A 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 microloan payment and the average monthly payment on existing loans/borrowings.

* The guarantor's income is valued separately in accordance with the above requirement.