Credits

Loans for business

from 18,5% to 24,99% per annum

Interest rate

up to 84 months

Credit term

up to 300 million UZS: loans up to 100 million UZS are refinanced by "Entrepreneurship Development Company" JSC the rest is covered by the bank's funds

Loan amount

General terms

Loan target

for financing all projects not prohibited by law (except for projects related to the establishment of alcohol, tobacco, and gambling establishments)

Loan currency

soum

Loan amount

up to 300 million UZS: loans up to 100 million UZS are refinanced by "Entrepreneurship Development Company" JSC the rest is covered by the bank's funds

Initial payment

not required

Interest rate

from 18,5% to 24,99% per annum

Credit term

up to 84 months

Form of issue

for goods and services according to the provided contract

Collateral

1. For loans up to 100 million UZS, an insurance policy from the "Inson" Insurance Company covering the risk of non-repayment of the loan (in this case, the insurance premium is not charged to the client)
2. For loans exceeding 100 million UZS, collateral must comply with the "Procedure for selection and acceptance of collateral for loans and equivalent transactions" of "Asia Alliance Bank" JSCB, as well as the types of security stipulated by legislation

Grace period

yes
up to 8 months

Repayment method

differential, annuity

Borrower requirements

1. Operating for at least one year;
2. Having cash inflows related to its activities in the account over the last 12 months (with at least three months showing inflows on a monthly basis);
3. Must not have any existing guarantees or compensation agreements with the "Entrepreneurship Development Company" JSC or a history of misuse of such assistance;
4. The financial activity of the borrower must not have resulted in a loss for the annual and most recent quarterly reporting periods. Exceptions apply if the losses are justified with truthful and substantiated information;
5. The borrower's working capital must not show negative indicators for the annual and most recent quarterly reporting periods. Exceptions apply if these indicators are justified with truthful and substantiated information;
6. There must be no overdue debt on existing loans and equivalent operations;
7. For loans in the last 12 months:
No more than 2 overdue debts exceeding 30 days;
No more than 1 overdue debt exceeding 60 days;
No overdue debts exceeding 90 days
8. Lending under this Modular Credit will be suspended if, as of the reporting date, the NPL (Non-Performing Loan) ratio exceeds 5% of the product balance. The NPL ratio for the reporting date will be provided by the bank's relevant department. Lending will resume once the NPL ratio falls below the specified level

Loan Provision Order

according to the provided contract, for goods and services

Required Documents

for legal entities:
credit application, founding documents, information about the management and founders of the company, consent/decision of the founders regarding obtaining a loan and/or providing collateral;
account turnover statements from other banks and information on existing obligations
for individual entrepreneurs:
credit application, certificate of registration, copy of passport, documents confirming the location of business operations;
financial calculations prepared by the client, including a cash flow forecast and justification for the repayment of the loan funds, as well as other documents related to the implementation of the project

Loan Service Fee

not required

Early repayment

unforeseen

Limit increase

unforeseen

Early limit closure

possibly

Insurance

for loans up to 100 million UZS, an insurance policy from "Inson" Insurance Company covering the risk of loan default (in this case, the insurance premium is not charged to the client)

Notes

Loan amount up to 100 million soums:
Based on the Resolution of the President of the Republic of Uzbekistan No. PP-312 dated 07.09.2024:
For the 5th category - 18.5% per annum;
For 4th category - 19.5% per annum; For the 3rd category - 20.5% per annum;
For the 2nd category - 23% per annum;
For the 1st category - 24% per annum.
Loan amount over 100 million soums:
Interest rate from 24.99% per annum.
Loan term:
For the acquisition of fixed assets, equipment, special equipment, construction, long-term, tangible and intangible assets, as well as equipment - up to 84 months;
To replenish working capital - up to 24 months.