Credits

«Online» Microloan

from 25% to 38% per annum

Interest rate

No grace period, from 1 to 36 months

Credit term

from 500 thousand sum to 100 mln sum

Loan amount

General terms

Loan target

For any purpose (at the borrower's discretion)

Loan currency

Sum

Loan amount

from 500 thousand sum to 100 mln sum

Interest rate

from 25% to 38% per annum

Credit term

No grace period, from 1 to 36 months

Loan processing method

Mobile app

Form of issue

Non-cash

Collateral

No collateral

Grace period

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

An individual who is a citizen of the Republic of Uzbekistan, aged 21 to 60 years, and holds a UZS-denominated bank card account with JSCB “Asia Alliance Bank” for the receipt of monthly salary or pension payments.

Loan Provision Order

By transferring the funds to the Borrower’s bank card.

Loan Service Fee

None

Additional Conditions

The Borrower must have a stable and officially documented source of income for the past 6 months;
50% of the Borrower’s average monthly income must be sufficient to cover the average monthly payments on existing loans/credits, as well as the maximum monthly payment under the microloan being applied for;
Microloans shall not be granted to individuals with overdue loans or outstanding interest payments;
The interest rate applicable to overdue principal shall be set at 1.5 times the contractual interest rate on the loan;
The debt-to-income ratio (DTI) must not exceed 8 times the Borrower’s income;
An accident insurance policy issued by an insurance company covering 125% of the microloan amount is required. All insurance-related expenses shall be borne by the Bank;
Following approval of an online microloan application, the Borrower must contact the Bank by telephone within 48 hours and personally complete the online microloan process in order to prevent fraudulent activity.

Early repayment

May be carried out at any time, in whole or in part, depending on the client's wishes.

Limit increase

None

Early limit closure

Possibly

«Online» Microloan - a loan is provided to an individual who is a citizen of the Republic of Uzbekistan, who has reached the age of 21 and is not older than 60 years old and has a sum bank card account opened in “Asia Alliance Bank” JSCB for monthly payment of wages or pensions.