Credits

Overdraft

21% per annum

Interest rate

12 month

Credit term

Not more than 3 average monthly salaries of the borrower less personal income tax

Loan amount

General terms

Loan target

Overdraft for individuals

Loan currency

Sum

Loan amount

Not more than 3 average monthly salaries of the borrower less personal income tax

Interest rate

21% per annum

Credit term

12 month

Loan processing method

Bank branch

Form of issue

Non-cash, within the specified limit and term.

Collateral

Overdraft security: a third-party guarantee, pledge of liquid assets, or life insurance in an amount of at least 125% of the overdraft amount is accepted. Class 5 collateral is accepted.

Grace period

yes (up to 3 months)

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

A resident of the Republic of Uzbekistan who has reached the age of 18, being an individual holding a special UZS plastic card account with Asia Alliance Bank as part of a monthly salary or pension payment program.

Loan Provision Order

Provided to an individual who has a special UZS card account with Asia Alliance Bank, opened under a payroll project or for receiving a pension.

Required Documents

- Identity document (passport, ID card, residence permit, etc.);
- Documents ensuring the return of the overdraft;
- Report of an independent appraisal organization on the valuation of collateral (when allocating a loan against collateral)

Loan Service Fee

None

Additional Conditions

The overdraft is provided by the Bank’s Operations Departments/MBKOs where the Borrower’s bank card is opened under a salary project or for receiving pension payments;
- The Borrower must have no outstanding debt under enforcement proceedings with the MIB (Bureau of Compulsory Enforcement);
- The credit history for the last 3 years, according to credit bureau data, must be positive. The following is permitted: Overdue payments exceeding 30 days: no more than 10 cases;
Overdue payments exceeding 60 days: no more than 5 cases;
Overdue payments exceeding 90 days: no more than 1 case.

Early repayment

Early repayment may be made at any time, either in full or in part.

Early limit closure

available