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«GO» microloan
Microloan for individuals with official income
Updated: 20-01-2023
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up to 100 millions sumloan amount -
from 28 %interest rate -
up to 48 monthsloan amount
| Indicator | Value/Description |
| Loan Definition | Microloan for individuals with official income |
| Client Segmentation | Citizens of the Republic of Uzbekistan aged 18 and above, with continuous official income for the past 6 months |
| Requirements for a Good Credit History | 1. No overdue debt; 2. No outstanding loan balances subject to litigation, including principal and interest amounts transferred to an off-balance sheet account; 3. Credit Information Analysis Center (KIAC) score above 200 points; 4. No active loans classified as "unsatisfactory," "doubtful," or "hopeless"; 5. No overdue payables in affiliated companies within JSC Garant bank’s system. For loans obtained within the last 12 months: 6. No more than five overdue payments exceeding 60 days; 7. No more than two overdue payments exceeding 90 days. |
| Loan Issuance Method | Through a closed credit line |
| Loan Amount | Up to 100.0 (one hundred) million UZS |
| Loan Term | Up to 48 months |
| Grace Period | Not applicable |
| Loan Purpose | No specific purpose required |
| Loan Currency | National currency (UZS) |
| Funding Source | From the Bank’s own and/or borrowed funds |
| Loan Disbursement Method | Funds are transferred to the client’s plastic card opened in the system of JSC “Garant bank” |
| Minimum Interest Rate on the Loan | |||
| Loan term | 12 months | Interest Rate on the Loan | 28% |
| Loan term | 24 months | Interest Rate on the Loan | 30% |
| Loan term | 36 months | Interest Rate on the Loan | 32% |
| Loan term | 48 months | Interest Rate on the Loan | 34% |
| Interest Calculation | Interest is accrued daily at a fixed rate and repaid in annuity/differentiated form according to the approved schedule |
| Repayment Period for Principal and Interest | Principal and interest payments – monthly |
Key Requirements for Loan Issuance | 1. Availability of a plastic card issued by JSC “Garant bank”; 2. Good credit history; 3. No overdue loan debt; 4. Continuous official income for at least 6 months; 5. Individual over 18 years old with official income; 6. Acceptable debt stability ratio; 7. Absence of any debts subject to enforcement under an executive case initiated by the Bureau of Compulsory Enforcement. |
| Loan Collateral | Collateral must amount to at least 125% of the loan amount. In this case, the collateral accepted to mitigate the risk of default includes an insurance policy or a third-party guarantee. For individuals affiliated with the bank, the collateral requirement is 130% of the loan amount. |
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