Credits

Loans for business

from 27,99% per annum

Interest rate

up to 12 months

Credit term

for legal entities - up to 500 million soums, for individual entrepreneurs - up to 300 million soums

Loan amount

«KORPORATIV» – for business entities (enterprises and organizations with the status of legal entities and individual entrepreneurs) that have been engaged in business activities for at least three months

General terms

Loan target

to cover business expenses related to the company’s activities that can be paid via corporate cards and to increase working capital for business entities

Loan currency

soum/US dollar

Loan amount

for legal entities - up to 500 million soums, for individual entrepreneurs - up to 300 million soums

Initial payment

not required

Interest rate

from 27,99% per annum

Credit term

up to 12 months

Loan processing method

bank branch

Form of issue

transfer interval to the corporate card opened in the 'ASIA ALLIANCE BANK' JSCB

Collateral

an insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank

Grace period

yes
up to 8 months, depending on the loan type and term

Repayment method

differential, annuity

Frequency of payments

monthly

Borrower requirements

1. The financial performance of the Debtor for the annual and most recent quarterly reporting periods must not conclude with losses. Exceptions are allowed if the losses are substantiated with truthful information
2. The Debtor's working capital for the annual and most recent quarterly reporting periods must not have negative indicators. Exceptions are allowed if these indicators are substantiated with truthful information
3. There must be no overdue credit obligations related to existing credits or equivalent operations
4. Regarding credits in the last 12 months:
No more than 2 overdue obligations exceeding 30 days;
No more than 1 overdue obligation exceeding 60 days;
5. No overdue obligations exceeding 90 days
4. Affiliated enterprises under control must not have overdue credit obligations in the “ASIA ALLIANCE BANK” JSCB
6. According to the Borrower’s credit history report (KATM), the Borrower and its affiliated enterprises must not have any active credits classified as “unsatisfactory,” “suspicious,” or “hopeless” in the “ASIA ALLIANCE BANK” JSCB across all commercial banks
7. No extensions of intermediate or final payment deadlines for principal debt and accrued interest are allowed for active credits in the “ASIA ALLIANCE BANK” JSCB
8. There must be no cases of non-compliance with conditions established by the collegial body regarding existing obligations in the “ASIA ALLIANCE BANK” JSCB, except for cases of complete non-fulfillment or delays in meeting deadlines 9. Credits issued in the “ASIA ALLIANCE BANK” JSCB must not have been used for non-targeted purposes. (Verification of credit purpose usage is based on a certificate of purposeful usage. This condition does not apply to credits where the certificate is not yet due, the customer has sued the supplier for non-delivery of goods/services, or credits issued for products not requiring verification of purposeful usage.)
10. The Customer must not have any monetary obligations related to enforcement proceedings initiated by the Compulsory Enforcement Bureau
11. If, within the last 3 years, legal claims related to credit services were filed in an economic court and such claims were partially or fully satisfied, the application will be reviewed and rejected

Loan Provision Order

through replenishing the corporate card

Required Documents

for legal entities:
credit application, founding documents, information about the enterprise’s management and founders, consent/decision of the founders regarding obtaining credit and/or providing collateral; information on account turnover and existing obligations in other banks
for individual entrepreneurs:
credit application, certificate, copy of passport, documents confirming the place of business activity; accounting documents prepared by the client that justify the repayment of credit funds and include a forecast of cash flows, as well as other documents related to the project implementation

Loan Service Fee

not required

Additional Conditions

the loan amount is determined based on 50% of the funds credited to the borrower's account from their primary business activities over the last three months

Early repayment

possibly

Limit increase

possibly

Early limit closure

possibly

Insurance

not required

Notes

up to 3 billion soums equivalent for legal entities
up to 1 billion soums equivalent for entrepreneurial entities without legal entity status