Credits

Loans for business

not less than 26.5% (in national currency) and not less than 13.5% (in foreign currency)

Interest rate

up to 60 months

Credit term

General terms

Loan target

Provide the Bank’s credit products loans and equivalent financing operations to the Borrower under a General Agreement concluded between the Bank and the Borrower, within the limits, tenor, and other terms established by the Bank.

Loan currency

soum/US dollar/euro

Interest rate

not less than 26.5% (in national currency) and not less than 13.5% (in foreign currency)

Credit term

up to 60 months

Loan processing method

bank branch

Form of issue

1. Transfer of loan funds to the borrower’s deposit account to cover expenses related to their business activities;
2. Disbursement in cash through the Bank’s cash desk (loan funds are provided from the client’s loan account under the supervision of the lending department, exclusively in the national currency, via cash withdrawal at the Bank’s cash desk. No additional commission is charged to the client);
3. Funds may also be transferred via bank transfer on the basis of a contract submitted by the client.

Collateral

Based on the Bank’s internal regulatory documents

Grace period

yes
up to 8 months

Repayment method

differential, annuity

Frequency of payments

monthly

Borrower requirements

1.No overdue credit obligations under the existing loan or equivalent transactions. 2. Credit history over the past 12 months: no more than 2 overdue instances exceeding 30+ days; no more than 1 overdue instance exceeding 60+ days; and no overdue obligations exceeding 90+ days.
3. No overdue credit obligations within Asia Alliance Bank related to affiliated entities under common control.
4. The client must not have any active loans classified within Asia Alliance Bank as “substandard,” “doubtful,” or “loss,” based on the borrower’s credit history report (SCV) under control.
5. The client must not have any outstanding payment obligations under enforcement proceedings initiated by the Bureau of Compulsory Enforcement.
6. No credit obligations have been subject to court proceedings over the past 3 years.
7. Credit debt transferred to off-balance sheet accounts is not permitted under any circumstances.

Additional Conditions

The total amount of loans granted to a borrower within the system of Asia Alliance Bank solely against the collateral of an insurance policy shall not exceed UZS 500.0 million for business entities with legal entity status, and UZS 300.0 million for individual entrepreneurs without legal entity status (IE, PE, sole proprietors, etc.).
Furthermore, when combined with loans extended to a single borrower or a group of related borrowers under supervisory assessment, the total outstanding amount of loans secured only by an insurance policy shall not exceed UZS 1.0 billion.
The targeted use of loan funds shall not be subject to separate verification and shall not be formalized by an act when such funds are transferred to the enterprise’s settlement account for the purpose of further business expansion and/or disbursed in cash through the bank’s cash desk.
In the event that the client does not utilize the credit products within 12 months from the date of signing the General Agreement, the approved limit shall be deemed invalid, and each individual agreement may thereafter be concluded for a term aligned with the duration of the General Agreement, based on the specific parameters of the project.

Notes

not less than 26.5% in the national currency; not less than 13.5% in foreign currency.
Based on client requirements, interest rates, fees, and applicable margins for the requested credit products are determined in accordance with the tariffs in effect at the time of project evaluation.