Credits

«Polis» Microloan

A microloan is a convenient and affordable way to quickly get the right amount for any purpose.

from 27,99 %

Interest rate

up to 36 months

Credit term

up to 100 mln sum

Loan amount

A microloan is a convenient and affordable way to quickly get the required amount for any purpose. This modern tool allows people to get out of a difficult financial situation who suddenly need a small amount of money for unforeseen expenses related to the need to repair something, pay for education, treatment, bills, buy a travel package, furniture, equipment or urgently pay off a debt.
The Bank issues a microloan in non-cash form by crediting funds to a plastic card.

A microloan is provided to individuals with a stable income sufficient to pay off monthly loan payments, as well as to self-employed individuals who provide liquid assets as collateral that meets the bank's requirements.

A Microloan «Polis» is provided to individuals with a stable income sufficient to pay off monthly loan payments, as well as to self-employed individuals who provide liquid assets as collateral that meets the bank's requirements.

Type and name of credit product	Microloan «Polis»
Requirements for the borrower / co-borrower	An individual who is a resident of the Republic of Uzbekistan and has reached the age of 18
Currency microloan	The national currency of the Republic of Uzbekistan is the sum
Microloan amount	Up to 100.0 million sum
Purpose of microloan	For any needs (at the discretion of the borrower)
Microloan term :	No grace period, up to 36 months
Form of submission	Transfer of funds to the borrower's plastic card opened in JSCB "ASIA ALLIANCE BANK"
Interest rate:	Up to 12 months - 27.99% Up to 36 months - 32.00%
Microloan security	For individuals with official income: · for microloans in the amount of up to 25,000,000.0 (twenty-five million) sum - security in the amount of at least 125% of the loan amount in the form of a third-party guarantee, an insurance policy or other liquid assets that meet the requirements of the bank; · for microloans from 25,000,000.0 (twenty-five million) to 100,000,000.0 (one hundred million) sum - security in the form of an insurance policy to cover the risk of non-repayment of the microloan or liquid assets that meet the requirements of the bank.
Required documents:	A) Identity document (passport, ID card, residence permit, etc.); B) Documents ensuring repayment of the loan; D) A report from an independent appraisal organization on the market value of the collateral (in the event of a claim for collateral); E) Protocol of initial monitoring of collateral with photographs (in case of a collateral requirement, drawn up by bank employees). Information on the borrower's average monthly income will be received by the bank through special networks in electronic format. For this purpose, income information will be taken into account for at least the last 6 months. If it is impossible to obtain data on the borrower's average income, documents confirming monthly income and other sources of income may be requested.
Microloan repayment procedure	The repayment of the microloan and accrued interest is carried out in accordance with the terms of the loan agreement and can be made using annuity or differentiated payments.
Additional terms	• The individual net income of the borrower/ co-borrower must not be less than 6 times the minimum monthly income; • The average monthly net income of the borrower/ co-borrower must be at least 50% of the maximum monthly payment on the microloan and coverage of monthly payments on existing loans and debts. • The borrower must have sufficient income to cover at least 50% of the maximum monthly payment on the microloan if there is a co-borrower; • The guarantor's income will be assessed according to the above requirements; • This loan is not available to self-employed individuals.