Car loan «SECONDARY» GM

CAR LOAN «SECONDARY» GM- consumer credit for the purchase of cars produced by UzAutoMotors JSC and GM Uzbekistan on the secondary market for a period of less than 5 years.

The maximum loan amount is 300.0 million soums.

The credit is credited to the seller's account number (if the seller is an individual, to a deposit or a plastic card).

Persons interested in obtaining a loan can choose the parameters of their loan based on the following options and the amount of the initial payment, depending on the period of use of the loan:

The Bank provides the opportunity to choose the method by which the monthly payment for the car loan will be calculated. The first one - when the payments are the same every month (annuity), and the second one – when they decrease over time.

The client's expenses related to the loan include only the costs of insurance for vehicles purchased at the loan expense. The issuance and maintenance of loans for the purchase of road transport is not subject to any additional payments.

As collateral for the loan, the Bank accepts:

• collateral of motor vehicles purchased with a loan (the main collateral);
• insurance policy that meet the requirements of the Bank (optional).

To obtain a Loan, the Bank shall be provided with the following documents:

1.      Application for a Loan.

2.      Identity document (passport, ID-card, residence permit, etc.)

3.      Contract for the sale of a car.

4.      Report on the assessment of the car by an independent appraisal organization.

The Bank reserves the right to request additional documents for the most complete analysis of the Borrower's/Co-Borrower's solvency.