Business Lending

6569

Rich experience in lending to clients in various fields, accurate assessment of client needs and business activity, the ability to work with various forms of guarantees, convenience of the terms of agreements - the basis for effective cooperation between the Bank and the borrower.

The Bank provides short-term and long-term loans to industrial production, construction, as well as large businesses, whose goods and services are in constant and high demand.

Mortgage Bank develops individual programs for approaching each client when lending to large projects. Based on the experience of banking specialists, we offer services for lending to enterprises and organizations.

For the purchase of fixed assets

The purpose of the loan	Purchase of fixed assets (including construction, reconstruction and overhaul)
Currency	UZS
Amount	At the request of the customer
Term	Up to 36 months depending on the purpose of the project
Interest rate	In accordance with the interest rate policy of the bank
Security	Mortgaged property of securities; bank or insurance company guarantee; third party guarantee; insurance policy insuring against the risk of non-repayment of the received loan;

Car loan for legal entities

1-Option

The purpose of the loan	For legal entities to purchase a car for their own needs (personal participation of the customer is at least 30%)
Currency	UZS
Amount	at the request of the customer
Term	Up to 36 months
Interest rate	In accordance with the interest rate policy of the bank
Security	In cases where the car will be accepted as a pledge later, the risk of non-repayment of the loan as a pledge until the moment the main pledge is issued is secured by the insurance policy

2-Option

The purpose of the loan	For legal entities to purchase a car for their own needs (personal participation of the customer is at least 25%)
Currency	UZS
Amount	at the request of the customer
Term	Up to 36 months
Interest rate	In accordance with the interest rate policy of the bank
Security	Secured by real estate, residential and non-residential premises, special equipment, buses and minibuses, gold items and deposit funds.

Loans for working capital

Purpose	The purpose of giving loan is to replenish the working capital.
Currency	UZS
Amount	Amount is set according to customer’s request.
Period	Up to 18 months
Interest rate	In accordance with the interest rate policy of the bank
Provision/supply	Mortgaged property or financial securities Bank or insurance guarantee Third party warranty An insurance policy that insures against the risk of default on the loan received

Credit Support for Fisheries Industry

The purpose of the microcredit	to fill the working capital; purchase and construction of fixed assets; to establish intensive fish farming and processing of fish products;
Currency	in local and foreign currency
Amount	at the request of the customer
Interest rate	In accordance with the interest rate policy of the bank
Term	filling the working capital up to 18 months; purchase and construction of fixed assets for up to 36 months; to establish intensive fish farming and processing of fish products for up to 60 months;
Security	mortgaged property of securities; bank or insurance company guarantee; third party guarantee; insurance policy insuring against the risk of non-repayment of the received loan;
Special Cases	Compensation provided by the State Entrepreneurship Support Fund for fishery projects can be used in accordance with Presidential Decree of the Republic of Uzbekistan of November 6, No. UP-4005.

The required documents for obtaining a loan:

a) Application for a credit indicating the amount, term of use, purpose, interest rate, and collateral of the loan and consent to the information being provided to the credit bureau and the collateral register.

b) A copy of the constituent documents of the borrower and other documents confirming the authority to obtain a loan.

c) Copies of agreements (contracts) or protocols of agreements concluded by the borrower for the purchase of tangible assets (goods, services, etc.) on credit.

d) Accounting statements in the forms approved by the Ministry of Finance of the Republic of Uzbekistan for the last reporting period. These documents must be submitted to the state tax authorities in the prescribed manner and accompanied by the following:

- Balance sheet

- Income Statement

- And other financial statements as required

e) Information about obligations of other credit institutions and about the turnover of accounts in other banks for the last 6 months.

f) Documents giving the right to engage in fishing (land lease agreement, land cadastral, documents confirming state registration of land use and property rights, water use agreement etc.)

g) Business plan

h) Loan Security documents

Loans for Construction Organization in constructing and reconstructing houses

Purpose	The purpose of giving loan is to housing construction and reconstruction ( only for construction organizations with their own working capital, sufficient material and technical base and experienced specialists)
Currency	UZS
Amount	No more than 70% of the value of the house
Period	Up to 2 years
Interest rate	In accordance with the interest rate policy of the bank
Provision/ supply	Collateral property or securities; Bank or insurance guarantee; Third party warranty

Loans in UZS at the expense of Eurobond funds

Purpose	The purpose of giving loan is to replenish the working capital.
Currency	UZS
Interest rate	In accordance with the Bank's interest policy
Period	Up to 12 months
The maximum amount per project	Up to $ 5 million in som (UZS) equivalents
Loan repayment procedure	Under the condition of repayment of principal debt in 7 months and repayment the loan term in the last 3 months on open credit lines. Interest payment - monthly, principal payment-after the due date of the loan is divided into equal amounts for the remaining term of the loan.
Provision/supply	Under a liquid supply collateral ( real estate, special equipment, vehicles, gold items, deposits and other liquid supplies)
Line attraction commission	One-time loan amount - 1% (at the customer's expense) This amount can be paid equally over the first 3 months of the loan period. If the loan amount is more than 1 million US dollars, equally distributed payments will be paid over the first 6 months of the period.
Additional conditions	There will be no loan allocated for working capital of projects that cannot be processed and sold within 12 months at the expense of this line

Loans in foreign currency at the expense of Eurobond funds

Purpose	For the purchase of fixed assets, reconstruction of buildings, capital repairs, construction of multi-storey houses and replenishment of working capital
Currency	UZS
Interest rate	In accordance with the Bank's interest policy
Period	Under the purpose of replenishing the working capital. Loan period is up to 18 months, for the remaining purposes the loan period is up to 54 months. In this case, the loan term should not exceed October 31, 2025.
The maximum amount per project	Up to $ 5 million – to replenish the working capital Up to $10 million – for fixed assets.
Loan repayment procedure	Based on the project Privilege period: working capital replenishment for 6 months, for other purposes – up to 12 months; Interest payment: every month; Principal repayment - after the end of the privilege period the loan payment is divided into equal amounts for the remaining period (seasonal projects can be considered separately).
Provision/supply	Under a liquid supply collateral ( real estate, special equipment, vehicles, gold items, deposits and other liquid supplies)
Line attraction commission	One-time loan amount - 1% (at the customer's expense) This amount can be paid equally over the first 3 months of the loan period. If the loan amount is more than 1 million US dollars, equally distributed payments will be paid over the first 6 months of the period.
Additional conditions	There will be no loan allocated for horticulture, animal husbandry and greenhouse activities.

Export Credits on the Account of Export Promotion Agency

Customer	An exporting organization, i.e. business entities registered in the Republic of Uzbekistan that have concluded foreign trade agreements (contracts, invoices) with non-residents of the Republic of Uzbekistan for the export of goods (works, services).
Purpose of the loan	To fill the working capital
Maximum loan amount	In the amount of USD 1 million for one business entity at a time
Currency	US dollars (it is possible to finance internal payments by converting the allocated currency into sums at the request of the client)
Interest on the loan	4 percent in a foreign currency
Credit term	Up to 12 months
Loan granting form	Money transfer
Loan repayment procedure	Subject to repayment of the principal amount of the debt from the 3rd month. Interest payment is monthly, the main payment is divided into equal amounts for the remaining term of the loan after the due date.
Loan Security	Securing liquid collateral (real estate, special equipment, cars, gold jewelry, deposit funds and other liquid security), guarantee of the State Fund for the Support of Entrepreneurship, under the guarantee of a foreign bank guarantee
Additional conditions	This loan is provided to export organizations. Export contracts submitted by the exporting organization should not include the export of raw materials from the list approved by the presidential decree of the President of the Republic of Uzbekistan of November 29, 2018 No. UP-5587. Provided to business entities registered in the Republic of Uzbekistan, carrying out or wishing to start export activities, borrowers who are not in the process of liquidation, do not have arrears in payments to the budget, have not gone through bankruptcy proceedings and meet other requirements established by the charter. The State Entrepreneurship Support Fund does not provide compensation

Residual overdraft to affiliated corporate clients

Affiliated corporate clients	Organizations which directly or indirectly affect (pressure) each other’s activities.
The maximum amount	Amount of an average of two months’ turnover from activity of affiliated clients for the last 12 months, no more than 10.0 billion soums.
Currency	UZS
Interest rate	In accordance with current interest rate policy for working capital
Period	Up to 12 months
Privilege period	6 months
Form of credit allocation	Allocated by transferring money to the main account of the overdraft receiving customer
Loan repayment procedure	According to loan repayment schedule
Provision	One or more than one following types of supplies must be provided: - Liquid property collateral; - Third party guarantee; - Insurance policy; - Insurance company or bank guarantee.
Additional conditions	The main accounts of affiliated clients must be in Ipoteka-Bank, be a client of the bank for at least 12 months, have a positive credit history (the client must not have been in arrears for more than 30 days on previous loans for the last 36 months (even if received from other banks), if the customer has current loan and privileged or investment period is ongoing, allocation is not allowed. (K-2 is not available). Credit is not allocated through a secondary account.
Process of ending and documentation	The process of lending and documentation is carried out in accordance with the current Credit Policy and lending regulations of Ipoteka Bank.

Required documents for obtaining a loan:

• loan application

• business plan

• financial statements (except for individual entrepreneurs)

• loan security documents

• the bank may require other documents as required

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