Credits

Loans for business

from 0% to 26,5% per annum (in UZS), from 13,5% to 14% per annum (in USD)

Interest rate

up to 60 months

Credit term

for legal entities - up to 5 billion soums, for individual entrepreneurs - up to 3 billion soums

Loan amount

General terms

Loan target

For official use for the purchase of motor vehicles from the primary market (new)

Loan currency

soum/US dollar

Loan amount

for legal entities - up to 5 billion soums, for individual entrepreneurs - up to 3 billion soums

Initial payment

at least 25% of the vehicle's purchase price

Interest rate

from 0% to 26,5% per annum (in UZS), from 13,5% to 14% per annum (in USD)

Credit term

up to 60 months

Loan processing method

bank branch

Form of issue

non-cash

Collateral

the purchased vehicles themselves, covering up to 70% of their contractual value, are accepted as collateral. For the remaining amount, an insurance policy covering the risk of non-repayment, issued by an insurance company acceptable to the bank, is required

Grace period

yes
up to 6 months

Repayment method

annuity

Frequency of payments

monthly

Borrower requirements

1. The financial activity of the Debtor for the annual and the most recent quarterly reporting periods must not end in a loss. Exceptions apply 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 show a negative balance. Exceptions apply if such indicators are substantiated with truthful information
3. There must be no overdue debt related to existing loans and equivalent operations
4. For loans within the last 12 months:
Overdue debts exceeding 30 days must not occur more than twice
Overdue debts exceeding 60 days must not occur more than once
Overdue debts exceeding 90 days must not exist 5. Companies affiliated under control must not have overdue loan debts in the system of “Asia Alliance Bank” JSCB
6. Based on the Debtor's credit history report (KATM), the client and its affiliated companies must not have any active loans classified as "unsatisfactory," "doubtful," or "hopeless" in any commercial bank or in the system of “Asia Alliance Bank” JSCB
7. There must be no cases of extension of interim or final repayment deadlines for principal and interest obligations under active loans in the “Asia Alliance Bank” JSCB
8. There must be no instances of failure to meet the conditions set by the collegial body or obligations under active loans in the “Asia Alliance Bank” JSCB. Exceptions apply to cases of general non-fulfillment or untimely fulfillment.
9. There must be no cases of loans being used for purposes other than intended in the “Asia Alliance Bank” JSCB (Verification of proper loan usage is based on the Certificate of Targeted Use. This condition does not apply to loans where the certificate has not yet reached its due date, the client has taken the supplier to court for failing to provide goods/services, or funds are allocated for products that do not require verification of intended use)
10. The client must not have any outstanding amounts related to cases opened by the Compulsory Enforcement Bureau
11. If there were lawsuits related to loan services in economic courts within the last three years, and the claims were partially or fully satisfied, the application will be reviewed and rejected

Loan Provision Order

By transferring funds under the sale and purchase agreement provided for the acquisition of a motor vehicle.

Required Documents

for legal entities:
credit application, founding documents, information about the company’s management and founders, consent/decision of the founders regarding obtaining credit and/or providing collateral;
account turnover information from other banks and details of existing obligations
for individual entrepreneurs:
required documents include: credit application, certificate of registration, copy of passport, documents confirming the location of business activity;
financial projections prepared by the client, including a cash flow forecast and justification for the repayment of the credit funds, as well as other documents related to the implementation of the project. Vehicle sale and purchase agreement.

Loan Service Fee

not required

Additional Conditions

not required

Early repayment

possibly

Limit increase

not provided

Early limit closure

not provided

Insurance

An insurance policy covering the uncovered portion of the credit shall be accepted if it insures against the risk of non-repayment of the loan and is issued by an insurance company whose terms are acceptable to the bank

Notes

Within a single auto loan, three products are available. Detailed information on vehicle types, interest rates, loan terms, and the amount of the initial down payment is provided below. (When purchasing vehicles through JSC “UzAuto Motors”, the grace period does not apply)

«UNIVERSAL ECO AUTO» - for official use for the purchase of motor vehicles from the primary market.

Loan terms and interest rates:

DAMAS and LABO

The amount of the initial payment (Regarding the price specified in the vehicle supply contract)	Loan period / Interest rate
	12 month	15 month	18month	24 month	36 month	60 month
From 26%	0,0%	0,5%	4,0%	7,7%	12,5%	16,5%
From 30%	0,0%	0,0%	2,5%	7,0%	11,5%	15,5%
From 35%	0,0%	0,0%	0,0%	5,0%	10,5%	14,5%
From 40%	0,0%	0,0%	0,0%	3,5%	9,0%	13,5%
From 50%	0,0%	0,0%	0,0%	0,0%	5,0%	11,0%

Purchase of new passenger motor vehicles of the DAMAS and LABO brands from JSC “UzAuto Motors"

Loan terms and interest rates

The amount of the initial payment (Regarding the price specified in the vehicle supply contract)	Loan period / Interest rate
	12 month	15 month	18month	24 month	36 month	60 month
From 26%	0,0%	0,5%	4,0%	7,7%	12,5%	16,5%
From 30%	0,0%	0,0%	2,5%	7,0%	11,5%	15,5%
From 35%	0,0%	0,0%	0,0%	5,0%	10,5%	14,5%
From 40%	0,0%	0,0%	0,0%	3,5%	9,0%	13,5%
From 50%	0,0%	0,0%	0,0%	0,0%	5,0%	11,0%

Purchase of new passenger motor vehicles of the Onix and Tracker brands from JSC “UzAuto Motors"

The interest rate on the loan depends on the size of the down payment and the loan term and is set at 0% per annum.

Loan terms and interest rates:

Onix

The amount of the initial payment (Regarding the price specified in the vehicle supply contract)	Loan period / Interest rate
	30 month	36 month	45 month	58 month
25%	0,0%
30%		0,0%
50%			0,0%
60%				0,0%

Tracker

The amount of the initial payment (Regarding the price specified in the vehicle supply contract)	Loan period / Interest rate
	24 month	26 month	36 month	47 month
25%	0,0%
30%		0,0%
40%			0,0%
60%				0,0%

For other vehicles:

Loan period / Interest rate
up to 60 months	In the national currency: at least 26.5%
	In foreign currency: а) for business entities with the status of a legal entity at a rate of not less than 13.5% per annum when financed from the bank’s own funds, and on the terms of the credit line when financed through credit lines of foreign financial institutions; b) for business entities without the status of a legal entity through credit lines of foreign financial institutions on the terms of the credit line, but at a rate of not less than 14% per annum.