Updated: 04-11-2025
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up to 3 000 000 000 UZSloan amount -
from 24%interest rate -
up to 60 monthsloan term
| Parameter | Cost/Description |
| Purpose of the loan | Car loans for cars and trucks for up to 5 years in the primary and secondary markets. |
| Segmentation of customers | All types of legal entities and individual entrepreneurs |
| Requirements for credit history | 1. No overdue debt; 2. Positive credit history (score by the Loan Information and Analytical Center is above 200 points); 3. No existing loans categorized as "unsatisfactory", "doubtful" or "bad". |
| Lending method | Through a closed credit line |
| Loan amount | Up to UZS 3,000,000,000 (three billion) |
| Loan tenor | Up to 60 (sixty) months |
| Grace period | up to 6 (six) months |
| Currency of loan | National currency (UZS) |
| Form of the loan | By transferring the monetary means to the dealer's account or the seller's car dealership, or to the sellers' accounts in case of secondary market |
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| Accrual of interest | Interest is accrued daily at a fixed rate and shall be repaid in the form of an annuity/differential as per an established schedule. |
| Loan repayment period | Payment of principal and interest – monthly; |
| The main requirements for the customer when a loan is granted | - The customer must have a primary or secondary account within Garant bank JSC; - The customer must not have a negative credit history; - The Statement of Financial Results (Form No. 2) for the latest reporting period or interim (quarterly) report must not show a loss (this requirement does not apply to individual entrepreneurs and newly established legal entities); - No outstanding debt under the “Card File No. 2” account; - No outstanding debt under enforcement proceedings initiated by the Bureau of Compulsory Enforcement. * Newly established legal entities are organizations for which the deadline for submitting annual financial statements has not yet occurred. |
| Forms of collateral | 1. Deposit funds; 2. Real estate; 3. Vehicles not more than 5 years old from the date of manufacture; 4. The vehicle purchased with loan funds is accepted as collateral, and a credit default risk insurance policy is obtained for the uncovered portion of the collateral (the value of the insurance policy must not exceed 50% of the total loan amount). Until the vehicle is delivered by the supplier and duly registered as collateral, a temporary personal guarantee may be provided by the founder or director of the company (for individual entrepreneurs — by the entrepreneur personally as an individual; submission and analysis of the guarantor’s income information is not required), or other collateral may be accepted. Collateral must amount to at least 125% of the loan amount. - For persons related to the Bank, collateral equal to 130% of the loan amount is required. * If no down payment is made, liquid property may be accepted as collateral in lieu of the down payment. In this case, the loan interest rate is set at the highest rate established under this credit product passport. |
The list of documents required to obtain a loan
1. Application;
2. The constituent documents of the borrower company (certificate, charter, executive order and copies of the passports of the founders, director, accountant (if any);
3. Consent of the founders of the borrower company to receive a loan, executed in accordance with the procedure prescribed by effective law (not applicable to individual entrepreneurs and private companies);
4. Accounting balance sheet and profit and loss statement of the borrowing company (as submitted electronically to the relevant State Tax Authority) for the last reporting period (annual or quarterly) (not applicable to individual entrepreneurs and newly established legal entities);
5. Copy of the vehicle purchase and sale agreement;
6. Vehicle evaluation report (in case of procurement at the secondary market);
7. Report on the collateral evaluation conducted by an independent appraiser (if the collateral provided in the form of property but not the deposit funds).
2. The constituent documents of the borrower company (certificate, charter, executive order and copies of the passports of the founders, director, accountant (if any);
3. Consent of the founders of the borrower company to receive a loan, executed in accordance with the procedure prescribed by effective law (not applicable to individual entrepreneurs and private companies);
4. Accounting balance sheet and profit and loss statement of the borrowing company (as submitted electronically to the relevant State Tax Authority) for the last reporting period (annual or quarterly) (not applicable to individual entrepreneurs and newly established legal entities);
5. Copy of the vehicle purchase and sale agreement;
6. Vehicle evaluation report (in case of procurement at the secondary market);
7. Report on the collateral evaluation conducted by an independent appraiser (if the collateral provided in the form of property but not the deposit funds).