Micro and Small business lending

Product name

Portfolio loan

Loan purpose

For replenishment of working capital and purchase of fixed assets, as well as leasing, factoring, trade financing, bank guarantee and other loan services

Maximum loan amount

Determined based on the client’s project

Currency

In national and foreign currency

Annual interest rate

Interest - Leasing, factoring, trade financing, bank guarantee and other loan services are carried out on the basis of interest in the catalog of loan products and passport

Covering the cost of resource attraction

Not charged.

(For trade financing, based on the terms of the contract, the commissions specified in the condition of the line are charged)

Funding

The bank own funds andfrom the funds raised

Lending type

Closed and open credit line

Term

Terms - Leasing, factoring, trade financing, bank guarantee and other credit services are carried out on the basis of the conditions in the catalog of loan products and passport

Allocation form

Money transfer

Repayment procedure

Preferential period - Leasing, factoring, trade financing, bank guarantee and other credit services are carried out on the basis of the conditions in the catalog of loan products and passport

Collateral

On the basis of collateral of liquid assets

Lending and documentation process

Carried out on the basis of the Bank's current Loan Policy and Lending Regulations

Additional terms

-    It is carried out by providing loan services to financially stable clients with constant cash flow;

-    This type of loan is allocated to business entities who have opened a main account number in our bank;

-    All loan services (leasing, factoring, trade financing, bank guarantee and other loan services) may be specified in the general agreement;

-    Within each line, a separate loan agreement is signed with the client;

-    To replenish working capital under the line, loan is allocated through several short-term loan accounts. After the client has used the loan funds allocated under the initial contract for at least 3 months, the next contract is signed and the loan is issued (there is no requirement to fully repay the loan funds allocated under the initial contract). The amount of the additional loan agreement will be based on the part of the loan allocated under the previous agreement. The total amount and term of banking products offered to the client within the line must not exceed the amount and term of the main agreement.

-    The loan percentage and source of the next (following) loan agreements are determined based on the Loan Products catalog and passport valid at the time of the conclusion of the loan agreement, which should be reflected in the General Agreement.

Product name

A loan for the construction industry

Client

Legal entities

Loan purpose

- Housing, construction or reconstruction of multi-apartment buildings and replenishment of working capital according to Decree № PR-70;

- № 46 of the Cabinet of Ministers dated January 31, 2022to the decision mainly to replenish working capital for the participation of construction organizations in tenders carried out by state customers (organizations that have received a transparent construction rating)

Maximum loan amount

Determined based on the client’s project.

(For construction organizations to participate in the tender - to provide a tender offer of no more than 2 percent of the initial price of the object)

Currency

In national currency

Annual interest rate

- Housing, construction or reconstruction of multi-apartment houses 27%;

- Based on the decree of the President of the Republic of Uzbekistan № PD-70, the Central Bank’s main rate + 2% Ipoteka-bank margin;

- 27% for construction organizations to participate in the tender

Funding

The bank’s own funds, attracted funds, and funds from the budget of the Republic of Uzbekistan in accordance with Decree № PR-70

Term

- Housing, construction or reconstruction of multi-apartment houses in common order up to 24 months;

- Up to 18 months to replenish working capital according to Decree № PR-70;

- Up to 12 months* based on the general agreement for construction organizations to participate in the tender (the term of all loan accounts allocated to one customer under this product must not exceed the term of the general agreement)

Lending type

Closed

Allocation form

Money transfer.

(For construction organizations to participate in the tender - by transfer to the account number of the Platform operator (customer organization))

Repayment procedure

- Grace period can be set based on the construction period up to 18 months for housing, construction or reconstruction of multi-apartment houses. Interest payment

- monthly, the principal payment is divided into amounts equal to the remaining term of the loan after the payment deadline;

- The grace period for loans granted under Decree № PR-70 can be set up to 12 months. Interest payment - monthly, principal payment - after the due date, it is divided into equally distributed amounts over the remaining term of the loan;

- In order for construction organizations to participate in the tender - interest payment

- monthly, principal loan payment - after the tender is completed and the winner is determined, it is required to repay the loan account at the expense of the funds returned from the electronic tender trading platform.

The repayment of the principal debt is carried out as follows:

Dt - ...... "electronic tender trading platform account"

Ct – ...... “initiative loan account”

Collateral

Types of security specified in the Bank's current Loan Policy and Lending Regulations

Additional terms

-

Lending and documentation process

It is implemented on the basis of the current Loan Policy and Lending Regulations of the Bank and the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan № 46 dated January 31, 2022 "On measures to improve the procedure for the organization and implementation of electronic state procurement in the field of construction"

Product name

Preferential loans based on state programs:

- Financing of business projects in the regions;

- Development of the service sector;

- Development of the tourism sector;

- 20 thousand entrepreneurs - 500 thousand qualified specialists;

- Green;

- A leading entrepreneur attached to difficult neighborhoods;

- Development of entrepreneurship in the Republic of Karakalpakstan;

- Young entrepreneur

Client

- Business entities included in the address list within the program based on the decision № PD-212 and № PD-232;

- Business entities on the list formed by the Ministry of Tourism and Cultural Heritage based on Statement № 68;

- Based on decisions № PD-5113 and № PD-4752, business entities included in the address list within the program

- Legal entities that signed a "cooperation agreement" under the "20 thousand entrepreneurs - 500 thousand qualified specialists" program in accordance with Decree № PF-93;

- Pursuant to decision PD-57 (Green) business entities;

- A "leading" business entity that has received a positive conclusion (recommendation) from the Family Business Support Center based on decisions № PD-5214 and № CM-504, and is assigned to "heavy" neighborhoods based on neighborhood and house-to-house work;

- Under the Decree № PR-213 (in the Republic of Karakalpakstan) business entities included in the address list within the program;

- Pursuant to decisions PD-5088, PD-400 (supporting youth entrepreneurship in Surkhandarya region) and CM-294, those who are eighteen years old and not older than thirty and who wish to implement an investment project in the field of industry or service as a legal entity or as founders young business entity

Loan purpose

-   Pursuant to decisions № PD-5113 and № PD-4752, purchase and formation of fixed assets (including reconstruction of buildings and structures, capital repairs);

-   for production and service according to the decision № PD-212*;

- for the implementation of projects in the field of tourism based on the decision № PD-232;

- According to statement № 68, for the establishment of family guest houses, hostels, grass camps, auto camping complexes, eco-house complexes, container towns, tent camps;

- for the projects of entrepreneurs participating in the program "20 thousand entrepreneurs - 500 thousand qualified specialists" in accordance with Decree № PF-93;

- Pursuant to Decision № PD-57 (Green) purchase and installation of solar panels for own activities (loans are not allocated for delivery, purchase and sale projects);

- According to decisions № PD-5214 and № CM-504, in order to help the "leading" business entities attached to "Heavy" neighborhoods to develop small business and family entrepreneurship on the basis of cooperation (the long-established labor of the population in each neighborhood by the leading entrepreneur based on their skills, the most effective "growth points" are allocated for such areas as driver projects, crafts, handicrafts, homestead and greenhouse farming, floriculture, animal husbandry, fisheries, poultry, small production) ;

- According to Decree № PR-213 (in the Republic of Karakalpakstan) for projects in the field of production and service (including projects in the field of housing construction, trade, brokerage, as well as in excise goods manufacturers, state enterprises and chartered funds (with the exception of legal entities with a state share in the charter capital and replenishment of working capital);

- According to decisions № PD-5088 and № CM-294 (Young entrepreneur) for the replenishment of working capital and the purchase of fixed assets (including the purchase of buildings and structures for lease, reconstruction and capital repair of buildings and structures));

- Purchase of buildings for production and facilities established in Youth Industrial Zones of Surkhandarya region based on the decision № PD-400 (Young entrepreneur)

Maximum loan amount

-   up to 2.0 billion UZS for one project based on decisions № PD-5113 and № PD-4752;

-   up to 5.0 billion UZS according to the decision № PD-212**;

-   up to 5.0 billion UZS according to the decision № PD-232;

-   up to 3 billion UZS based on statement № 68***;

-   up to 15 billion uzs under the program "20 thousand entrepreneurs - 500 thousand qualified specialists" in accordance with Decree № PF-93****;

-   According to the decision № PD-57 (Green) based on client’s request;

-   Based on the decisions № PD-5214 and № CM-504, it is determined based on the application and project of the leading business entity (however, the maximum loan amount for one neighborhood is up to 2.0 billion UZS)

-   According to Decree № PF-213 (in the Republic of Karakalpakstan) up to 10 billion uzs for one project;

-   According to decisions № PD-5088, PD-400 (supporting youth entrepreneurship in Surkhandarya region) and № CM-294 (Young entrepreneur) in an amount not exceeding the equivalent of 500 thousand US dollars for one business entity at a time

Currency

In national and foreign currency

Annual interest rate

-   Based on decision PD-104 and statement № 68, 14% per annum due to the extinguished part of the previously allocated loans within the framework of decisions PD -4752, PD -5113;

-   14% per annum based on decisions №PD -212 and PD -232;

-   14% per annum within the framework of the program "20 thousand entrepreneurs - 500 thousand qualified specialists" in accordance with Decree № PF-93;

-   According to the decision №PD -57 (Green) the main rate of the Central Bank + 4% Ipoteka-bank margin in an amount not lower than the fixed rate.

(If the main interest rate of the Central Bank of the Republic of Uzbekistan changes, the percentage of this loan product will change)

- 10% per annum based on decisions PD-5214 and CM-504 (Leading Entrepreneurship);

- According to Decree № PF-213 (in the Republic of Karakalpakstan) 14% per annum;

- According to decisions № PD-5088 and № CM-294 (Young entrepreneur) 14% per annum;

- According to the decision № PD-400 (supporting youth entrepreneurship in the Surkhandarya region) in the national currency, the main interest rate of the Central Bank of the Republic of Uzbekistan + 4% Ipoteka-bank margin*****.

Covering the cost of resource attraction

Not charged.

(According to Decree № PR-93 under the program"20 thousand entrepreneurs - 500 thousand qualified specialists" , it is carried out in accordance with the credit line agreement of the Recovery and Development Fund)

Funding source

Funds from the Reconstruction and Development Fund of the Republic of Uzbekistan and the funds allocated through "Kishloq Kurilish Bank" ADB and "Uzsanoatqurilishbank" ADB for financing projects in Andijan region, from special credit funds of the Central Bank, PD- In accordance with decisions № 4752 and PD-5113, at the expense of the extinguished part of the previously allocated loans, at the expense of the funds of the Fund for the Support of Young Entrepreneurs

Credit line

Closed

Loan period

- Pursuant to Decision № PD-104 and Statement № 68, up to 60 months can be set at the expense of the extinguished part of loans previously allocated within the framework of Decisions № PD-4752, № PD-5113, but according to Decision № PD-5113, the final term of the loan is 2028 from June 15, according to the decision № PD-4752, the final term of the loan should not exceed June 25, 2027;

- According to decisions № PD-212 and № PD-232, up to 60 months, but the final term of the loan should not exceed June 25, 2029;

- In accordance with Decree № PF-93, within the framework of the "20 thousand entrepreneurs - 500 thousand qualified specialists" program, up to 84 months (up to 18 months to replenish working capital), but the final term of the loan should not exceed September 22, 2033;

- According to the decision PD-57 (Green) up to 60 months;

- Up to 36 months based on decisions PD-5214 and CM-504 (Leading Entrepreneurship)

(In special cases, loans can be allocated up to 60 months for "leading" business entities connected to "heavy" neighborhoods in the cities and districts attached to the bank based on the minutes of the Visitation meeting),however, the final term of the loan should not exceed November 1, 2028;

- According to Decree № PR-213 (in the Republic of Karakalpakstan) up to 84 months, but the final term of the loan should not exceed February 24, 2030;

- According to decisions № PD-5088 and № CM-294 (Young entrepreneur) up to 84 months (up to 18 months to replenish working capital);

- According to the decision № PD-400 (supporting youth entrepreneurship in Surkhandarya region) up to 120 months

Credit allocation form

By money transfer

Loan repayment procedure

Depending on the project, the grace period can be defined as follows:

- up to 12 months according to decision № PD-104 (PD-5113, PD-4752) and statement № 68;

- up to 24 months according to decisions № PD-212 and № PD-232;

- up to 36 months (up to 6 months to replenish working capital) within the framework of the program "20 thousand entrepreneurs - 500 thousand qualified specialists" in accordance with Decree № PF-93;

- According to the decision № PD-57 (Green) up to 6 months;

- up to 12 months based on decisions PD-5214 and VM-504 (Leading Entrepreneurship);

- According to Decree № PR-213 (in the Republic of Karakalpakstan) up to 24 months;

- According to decisions № PD-5088 and № CM-294 (Young entrepreneur) up to 12 months for the purchase of fixed assets (up to 3 months for replenishment of working capital);

- According to the decision № PD-400 (supporting youth entrepreneurship in Surkhandarya region) up to 36 months.

Interest payment - every month, principal payment - after the end of the grace period, is divided into equally distributed amounts over the remaining term of the loan.

(seasonal projects may be considered separately)

The loan repayment schedule is calculated as an annuity or a decreasing method according to the client's wishes

Credit provision

Types of security specified in the Bank's current Loan Policy and Lending Regulations.

(In accordance with decisions № PD-5214 and № CM-504 (Leading Entrepreneurship) by the State Fund for the Support of Entrepreneurial Activities (joint-stock company "Entrepreneurship Development Company") up to 75% of the loan amount - may be adopted in accordance with the requirements of Decree №PR 150 of June 9, 2022, № PF-287 of December 30, 2022 and Resolution № 428 of the Cabinet of Ministers of August 4, 2022. From March 1, 2024, the guarantee by the joint-stock company "Entrepreneurship Development Company" may be accepted in accordance with the requirements of Decree № PF-193 dated November 10, 2023.)

Lending and documentation process

Current Loan Policy and Lending Regulations of the Bank, Resolutions of the President of the Republic of Uzbekistan № PD-212 of April 19, 2022 and № PD-5113 of May 11, 2021, "On the Organization and Implementation of Rapid Development of the Services Sector" Provisional Regulation of the President of the Republic of Uzbekistan № PD-104 of January 27, 2022, № PD-232 of April 30, 2022, № PD-57 of February 16, 2023, № Decree № PD-5214 dated August 5, 2022, Decree № PD-400 dated December 21, 2023, Decree № PR-213 of the President of the Republic of Uzbekistan dated August 31, 2022, under the leadership of the President of the Republic of Uzbekistan, held on September 19, 2022 in an expanded manner "Increasing the domestic and foreign tourism potential of our country on improvement measures" of video selector meeting № 68, Decree of the President of the Republic of Uzbekistan № PR-93 of June 12, 2023, № PR-97 of April 6, 2022Decree, will be implemented in accordance with the decision № 504 of the Cabinet of Ministers of the Republic of Uzbekistan dated August 9, 2021 and its annex, Decision № 294 of the Cabinet of Ministers of the Republic of Uzbekistan dated May 10, 2021

Additional terms

- According to the decision PD-212, at least 70% of the credit line funds will be allocated to entrepreneurs operating in areas other than the city of Nukus, the administrative centers of the regions, and cities under the jurisdiction of the region. In this case, loans from the credit line funds will not be allocated to entrepreneurs operating in Tashkent;

- Construction of production buildings of projects implemented within the framework of decision №   

PD-212, 30% of the necessary funds for (purchase) from the allocated loan funds can be financed;

- First, loan funds were allocated based on decisions № PD-5113 and № PD-4752

business entities are not allocated loan in accordance with the decision № PD-212;

- According to Decree № PR-93, guarantees are issued by the State Fund for the Support of Entrepreneurial Activities in accordance with the provisions of the Decree. It does not apply to loans for projects related to housing construction. The Chamber of Commerce and Industry of Uzbekistan will issue a certificate confirming its participation in the Program within one day to the business entity that has signed the "Partnership Agreement" through the "Partner Entrepreneur" information system. The business entity to which the certificate is issued shall enjoy the privileges specified in the Program and the "partnership agreement";

- According to decisions PD-5088, PQ-400 and CM-294, according to the decision of the Government Commission on Foreign Trade, Investments, Development and Technical Regulation of Local Industry, financial resources are provided by commercial banks for one young business entity. It is provided in an amount not exceeding the equivalent of 100,000 US dollars and not exceeding the equivalent of 500,000 US dollars.Investment projects worth up to the equivalent of 500,000 US dollars will be financed from the funds of the Fund, and the part that exceeds it will be implemented through commercial banks in general order, without the benefits provided for in the decision. The State Fund for the Support of Entrepreneurial Activities for investment projects implemented in the territory of youth industrial zones provides guarantees of up to 50% of the loan amount, but not exceeding 500 million UZS, on loans from commercial banks. A young entrepreneur pays 10% of the value of the building to be leased as an initial payment.;

- It is not allowed to use compensations from the state fund for the support of business activities;

- Mid-corporate segment can also utilize this product

Account maintenance procedure

Product name

Auto loan

Client

Legal entities and business entities without legal status

Loan purpose

To purchase passenger vehicles from the primary or secondary market for own use and electric vehicles from the primary market

Currency

In national currency

Term

Up to 48 months (For Platinum, Gold, Silver plus and Silver clients can be allocated up to 60 months)

Annual interest rate

Funding

At the expense of the bank's own funds and attracted funds

Lending type

Closed line

Allocation form

From the primary market - by money transfer;

From the secondary market - by transferring money to the vendor’s plastic card, account number

Maximum loan amount

It is determined based on the price of vehicles. But not exceeding 2.0 billion UZS

Repayment procedure

The grace period can be set up to 6 months depending on the project. No grace period for the secondary market.

Interest payment - monthly, principal payment - after the payment deadline is divided into amounts distributed over the remaining term of the loan

The loan repayment schedule is calculated as an annuity or a decreasing method according to the client's wishes.

Collateral

-    Cars purchased on loan are secured with a down payment of at least 30%. A loan default risk insurance policy may be taken as security until the main security is formalized (for the primary market);

-    When a down payment of at least 15% is made under the pledge of cars being purchased on the loan account, the remaining 15% of the down payment is the movable and immovable property (residential and non-residential) specified in the Loan Policy and Lending Regulations and gold items can be pledged. A loan default risk insurance policy may be taken as security until the main security is formalized (for the primary market);

-    With a down payment of at least 36%, under the pledge of cars that are purchased on credit and manufactured for less than 1 year. Until the main security is formalized, a loan default risk insurance policy can be taken as security (for the secondary market);

-    With a down payment of at least 40%, under the pledge of cars that are purchased on credit and manufactured for not more than 2 years ago .Until the main security is formalized, a loan default risk insurance policy can be taken as security (for the secondary market);

-    With a down payment of at least 52%, under the pledge of cars purchased on credit, manufactured not more than 3 years ago. A loan default risk insurance policy can be taken as security until the main security is formalized (for the secondary market);

-    For the purchase of an electric vehicle (except for hybrids) under the pledge of cars purchased on credit when the down payment is at least 30%. A credit default risk insurance policy may be taken as security until the main security is formalized (for the primary market);

-    Movable (except for a car purchased on credit) and immovable property (residential and non-residential) and gold items specified in the Loan Policy and Lending Regulation of the bank without down payment;

- It is not allowed to use compensations from the state fund for the support of entrepreneurial activities

Lending and documentation procedure

Carried out on the basis of the Bank's current Loan Policy and Lending Regulations

Additional terms

-    A car loan from the secondary market is allocated to vehicles that are not more than 3 years old;

-    This loan product does not apply to the purchase of fixed assets;

-    This loan product is also applicable for loans under the J-USBP program;

-    When buying light vehicles and electric cars for personal use (if the total amount of cars taken on credit does not exceed 1.0 billion UZS), the obligations of the borrower and related enterprises to the bank listed in Appendix 25 of the Lending Regulation are not taken into account in the decision-making limit;

-    Mid-corporate segment can also utilize this product

Client

Exporting organizations, i.e., business entities registered in the Republic of Uzbekistan that have entered into foreign trade agreements (contracts, invoices) with non-residents of the Republic of Uzbekistan for the export of goods (works, services)

Loan Purpose

To replenish working capital

Loan maximum amount

Up to USD 1 million equivalent per business entity at a time*

Currency

US dollars (the allocated currency can be converted into soums at the customer's request to finance payments within the country)

Loan interest per annum

In foreign currency - 4 percent

Funding Source

At the expense of the Export Promotion Agency

Loan term

up to 12 months*

Loan allocation form

By money transfer.

(It can be allocated in cash for the purchase of agricultural products for the purpose of collecting and preparing products for export)

Loan repayment procedure

With the condition of repaying the principal debt from the third month,

interest payment - every month, principal payment - after the payment deadline, it is divided into equally distributed amounts over the remaining term of the loan

(seasonal projects may be considered separately)

Credit provision

Pledge of liquid collateral (real estate, special equipment, vehicles, gold items, deposit funds and other liquid collateral) under the security of a provided foreign bank guarantee

Additional Terms

This loan is allocated to export organizations.

The export contracts presented by the exporting organization should not provide for the export of raw materials from the list approved by the Decree of the President of the Republic of Uzbekistan No. PF-5587 dated November 29, 2018.

Business entities registered in the Republic of Uzbekistan conducting export activities or intending to start them, which are not at the stage of liquidation, do not have overdue debts to the budget, bankruptcy procedure against them will be made to borrowers who have not been initiated and who comply with other requirements specified in the statute.

In accordance with the Decree of the President of the Republic of Uzbekistan No. PF-6091 dated October 21, 2020, in the event that a certain part of the loans granted from the financial resources allocated by the agency is extinguished within the specified periods, additional payments to business entities in proportion to the extinguished part of the loan credits are allocated.

Compensations are not provided by the State Fund for the Support of Entrepreneurial Activities

Product name

Fishing

Loan purpose

–    Replenishment of working capital (purchasing feed, mineral fertilizer, fish, commercial fish, etc.);

–    Establishment of a hatchery and breeders in the field of fishing;

–    Forming a swarm of mother fish;

–    Organization and improvement of the material and technical base of fisheries operating on the basis of a lease agreement in natural water bodies;

–    Construction (excavation), repair of artificial water bodies;

–    Construction, repair, purchase of a building to organize the processing of fish products;

–    To purchase buildings and technologies for the production of feed products;

–    Purchase and repair of production equipment and technologies;

–    Purchase of basic equipment (purchase of mother fish for spawning, purchase of a cage (sadok) device, construction materials, creation of closed circulating water systems (SCUs), special equipment, boats, net devices, fish breeding pools, and development of fisheries to purchase other fixed assets related to);

–    Construction of small water reservoirs (swimming pools);

–    To purchase special vehicles and use their services;

–    Purchase and installation of refrigerator, shock freezing equipment;

–    To organize fishing clusters specializing in full-system (hatchery, hatchery and fish breeding, high-protein fish feed, processing and storage) production in the fisheries sector;

–    To other directions related to the fishing industry, which are not prohibited according to the current legislation

Currency

In national or foreign currency

Maximum loan amount

Based on client’s project

Funding

At the expense of the bank's own funds and attracted funds

Annual interest rate

- In national currency, 26.3% per annum up to 12 months, 26.8% per annum up to 36 months, 27.3% per annum over 36 months;

- Annual interest in foreign currency (foreign financial institution margin + at least 4% Ipoteka bank margin)

Term

Replenishment of working capital up to 24 months, purchase of fixed assets,for construction (excavation) and repair of artificial water bodiesup to 36 months. (up to 60 months for investment projects presented for the establishment of closed circulating water facilities (UZV) and intensive pools, the purchase of equipment for intensive fish breeding, the purchase of equipment and technologies for the organization of processing fish products)

Allocation form

By money transfer

Lending type

Closed and open credit line

Repayment procedure

Depending on the project, a grace period of up to 6 months for replenishing working capital and up to 12 months for the purchase of fixed assets can be set.

Interest payment - monthly, principal payment - after the payment deadline is divided into amounts equally distributed over the remaining term of the loan.

(seasonal projects may be considered separately)

Collateral

Types of security specified in the Bank's current Loan Policy and Lending Regulations

Lending and documentation process

The Bank's current Loan Policy and Lending Regulation and in accordance with decision No. PD-5087 of April 21, 2021 of the President of the Republic of Uzbekistan "On additional measures to improve the business support system and further improve the business environment" will be implemented in accordance with the decision

Additional terms

-   Will be requested simplified business plan to provide a loan to replenish working capital (consisting of 5 sheets);

-   In cases where compensation is provided to cover interest costs on loans, starting from March 1, 2024, loans in national currency at a rate not exceeding 1.75 times the annual base rate of the Central Bank are carried out in accordance with the requirements of Resolution №PR-193 dated November 10, 2023 by JSC "Enterprise Development Company"​

Product name

Modular loan “Universal”

Client

Legal entities with a main account number in Ipoteka bank, which have been operating for at least 6 months, and business entities without legal status

Loan purpose

Purchase fixed assets and replenish working capital

Currency

In national currency

Annual interest rate

27.99% per annum

Term

Up to 36 months

Funding

Bank’s own funds

Lending type

Closed line of credit

Allocation form

Money transfer (Individual entrepreneurs can receive cash*, plastic card or money transfer in replenishing working capital)

Maximum loan amount

Up to 500.0 million UZS

Repayment procedure

Grace period can be set up to 6 months.

Interest payment - monthly, principal payment - after the payment deadline is divided into amounts distributed over the remaining term of the loan

(Seasonal projects may be considered separately)

The loan repayment schedule is calculated as an annuity or a decreasing method according to the client's wishes

Documents to be submitted

1) Application;

2) Founding documents and founders' decision on obtaining a loan;

4) Purchase contract if fixed assets are to be purchased;

3) Security documents (if the owner of the pledge is a legal entity, the founders' decision on the pledge)

Collateral

Real estates (liquidunder mortgage of residential and/or non-residential premises)

Additional terms

-         For one customer is not allowed to have more than 1 universal modular loan balance (in order to use the next “Universal” loan product, the loan for this product must first be completely extinguished). Control of the reuse of this product is carried out by the Business Block;

-         Clauses 12, 39, 143 of the Lending Regulation do not apply to the allocation of this product;

-         It is not allowed to use compensations from the state fund for the support of business activities;

-         Mid-corporate segment can also utilize this product

Lending and documentation procedure

Carried out on the basis of the Bank's current Loan Policy and Lending Regulations