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.
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The purpose of the loan |
Purchase of fixed assets (including construction, reconstruction and overhaul) |
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Currency |
UZS |
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Amount |
At the request of the customer |
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Term |
Up to 36 months depending on the purpose of the project |
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Interest rate |
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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;
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1-Option
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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%) |
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Currency |
UZS |
|
Amount |
at the request of the customer |
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Term |
Up to 36 months |
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Interest rate |
|
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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
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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%) |
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Currency |
UZS |
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Amount |
at the request of the customer |
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Term |
Up to 36 months |
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Interest rate |
|
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Security |
Secured by real estate, residential and non-residential premises, special equipment, buses and minibuses, gold items and deposit funds. |
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Purpose |
The purpose of giving loan is to replenish the working capital. |
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Currency |
UZS |
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Amount |
Amount is set according to customer’s request. |
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Period |
Up to 18 months |
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Interest rate |
|
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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 |
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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; |
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Currency |
in local and foreign currency |
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Amount |
at the request of the customer |
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Interest rate |
In accordance with the interest rate policy of the bank |
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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;
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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;
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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
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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) |
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Currency |
UZS |
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Amount |
No more than 70% of the value of the house |
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Period |
Up to 2 years |
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Interest rate |
In accordance with the interest rate policy of the bank |
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Provision/ supply |
Collateral property or securities; Bank or insurance guarantee; Third party warranty |
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Purpose |
The purpose of giving loan is to replenish the working capital. |
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Currency |
UZS |
|
Interest rate |
In accordance with the Bank's interest policy |
|
Period |
Up to 12 months |
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The maximum amount per project |
Up to $ 5 million in som (UZS) equivalents |
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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. |
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Provision/supply |
Under a liquid supply collateral ( real estate, special equipment, vehicles, gold items, deposits and other liquid supplies) |
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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. |
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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 |
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Purpose |
For the purchase of fixed assets, reconstruction of buildings, capital repairs, construction of multi-storey houses and replenishment of working capital |
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Currency |
UZS |
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Interest rate |
In accordance with the Bank's interest policy |
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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. |
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The maximum amount per project |
Up to $ 5 million – to replenish the working capital Up to $10 million – for fixed assets. |
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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). |
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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. |
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Additional conditions |
There will be no loan allocated for horticulture, animal husbandry and greenhouse activities. |
|
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). |
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Purpose of the loan |
To fill the working capital |
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Maximum loan amount |
In the amount of USD 1 million for one business entity at a time |
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Currency |
US dollars (it is possible to finance internal payments by converting the allocated currency into sums at the request of the client) |
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Interest on the loan |
4 percent in a foreign currency |
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Credit term |
Up to 12 months |
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Loan granting form |
Money transfer |
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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. |
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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 |
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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 |
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Affiliated corporate clients |
Organizations which directly or indirectly affect (pressure) each other’s activities. |
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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. |
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Currency |
UZS |
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Interest rate |
In accordance with current interest rate policy for working capital |
|
Period |
Up to 12 months |
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Privilege period |
6 months |
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Form of credit allocation |
Allocated by transferring money to the main account of the overdraft receiving customer |
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Loan repayment procedure |
According to loan repayment schedule |
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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. |
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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. |
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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
