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

- Provided on the terms of a third-party guarantee, collateral for liquid property, and without collateral in an amount of at least 125 percent for overdrafts allocated up to 100.0 million soums;
- For overdrafts allocated in an amount exceeding 100.0 million soums, liquid assets in an amount of at least 125 percent and without collateral are provided on a collateral basis.

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 amount of the overdraft issued must not exceed three times the average monthly salary or pension.
When granting an unsecured overdraft, an insurance policy covering the borrower against accidents shall be issued in the amount of 125% of the overdraft amount;

For unsecured overdrafts exceeding UZS 100.0 million:
- Data on continuous income shall be calculated for at least 12 months;
- The "Infoscore" passing indicator must be B370 points;
- The borrower’s debt burden ratio must not exceed 40%;
- The debt-to-income ratio must not exceed 8 times;
- Credit history for the last five years;
- The credit history obtained from credit bureaus for the last 3 years must be positive.
At the same time: 30+ up to 3 cases are allowed;
60+ up to 1 case is allowed;
90+ not allowed.

Early repayment

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