Updated: 20-01-2023
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up to 1 mlrd sumsloan amount -
from 26,9 %interest rate -
up to 36 monthsloan term
| Indicator | Value / Description |
| Customer Segment | Legal Entities and Individual Entrepreneurs |
| Customer Account | Primary or Secondary |
| Loan Currency | National Currency (UZS) |
| Lending Method | Through an open credit line, based on the master agreement |
| Limit of the Master Agreement | For legal entities – based on the project value; For individual entrepreneurs, as follows: a) Up to 30 times the average monthly account turnover, but not exceeding 5.0 billion UZS b) For clients with no account turnover history – up to 1.0 billion UZS |
| Term of the master agreement | up to 60 (sixty) months |
| Loan amount | Within the limit specified under the master agreement. |
| Interval for signing individual loan agreements: | not applicable |
Loan term and interest rates
*Interest rates may be subject to change in the future based on the decision of the Liquidity and Resource Management Committee.
| up to 12 months | 26,9 % |
| up to 36 months | 27,9 % |
*Interest rates may be subject to change in the future based on the decision of the Liquidity and Resource Management Committee.
| Loan grace period | Within the framework of individual loan agreements – up to 6 months |
| Loan Purpose | For any purpose not prohibited by law |
| Form of loan disbursement | By transferring funds either to the supplier or to the client’s own account (no verification of the loan’s intended use is required). An amount of up to 1.0 billion UZS may be disbursed in cash. |
| Key requirements for loan disbursement to the client | 1. The client must have a primary or secondary account within the system of JSC “Garant Bank”; 2. The financial performance report (Form No. 2) for the latest reporting period (annual or quarterly) must not show a loss (with the exception of individual entrepreneurs (IEs) and newly established legal entities operating for less than 6 months); 3. The client must have a positive working capital balance (excluding IEs and newly established legal entities); 4. No outstanding debts should exist under Account No. 2 (suspense account); 5. The client must not have any outstanding obligations under enforcement proceedings initiated by the Bureau of Compulsory Enforcement. 6. Must have a positive credit history: • No current overdue loan obligations; • No outstanding loan principal or interest classified as under litigation or transferred to off-balance sheet accounts; • Creditworthiness score (KATM score) must exceed 200 points; • No active loans classified as “unsatisfactory,” “doubtful,” or “hopeless”; • No overdue loan obligations in the “Garant Bank” JSC system by affiliated or related entities. Over the past 12 months, the client must meet the following credit history conditions: • No more than 3 overdue loan obligations exceeding 60 days; • No more than 2 overdue loan obligations exceeding 90 days, however, there must be no overdue loan obligations exceeding 90 days within the last 6 months. |
| Product-Specific Collateral | In an amount not less than 125% of the loan amount (130% for related parties) |
| Acceptable types of collateral | 1. Cash funds; 2. Real estate property; 3. Motor vehicles not older than 5 years from the date of manufacture; 4. Other types of collateral not prohibited by legislation or the bank’s current credit policy. *At least 80% of the loan collateral must consist of assets (real estate and/or motor vehicles). |
List of documents required for the use of the loan product:
1. Application form;
2. Founding documents of the borrowing company (certificate of registration, charter, appointment order of the director, and copies of passports of founders, director, and chief accountant (if applicable));
3. Consent of the borrowing company’s founders for obtaining the loan, formalized in accordance with applicable legislation (excluding individual entrepreneurs and private enterprises);
4. The borrower’s balance sheet and financial performance report for the most recent reporting period (annual or quarterly), submitted electronically to the relevant State Tax Authority (excluding individual entrepreneurs and newly established legal entities);
5. Appraisal report from an independent valuation company and E-valuation data for the collateral (prepared by a BSO (Banking Services Office) officer);
6. In case the collateral is real estate, cadastral documents (extract and cadastral passport);
7. In case the collateral is a motor vehicle, certificate of registration of the vehicle (vehicle registration certificate);
8. If the third-party pledgor is a legal entity – the founders’ written consent for pledging the property as loan collateral, the company’s founding documents, and copies of the passports of the company’s director and chief accountant (if applicable), in cases where the company is served by another bank.
9. If the third-party pledgor is an individual – a copy of their passport.
10. In case a third-party guarantee is provided: the guarantor’s founding documents (certificate of registration, charter, appointment order of the director, and copies of passports of the founders, director, and chief accountant (if applicable)); resolution of the guarantor’s founders approving the issuance of the guarantee; cash flow statement for all accounts of the guarantor for the past 12 months; the guarantor’s balance sheet and financial performance report for the most recent reporting period (annual and quarterly), submitted electronically to the relevant State Tax Authority; and the guarantor’s credit history report (KATM report).
11. Cash flow statements for the last 12 months for all accounts held by the borrowing company at any bank, certified by the respective banks (if other bank accounts exist);
12. Sale and purchase agreements for product acquisition (not required if the loan is disbursed directly to the client’s account);
13. Additional documents may be requested if deemed necessary.
2. Founding documents of the borrowing company (certificate of registration, charter, appointment order of the director, and copies of passports of founders, director, and chief accountant (if applicable));
3. Consent of the borrowing company’s founders for obtaining the loan, formalized in accordance with applicable legislation (excluding individual entrepreneurs and private enterprises);
4. The borrower’s balance sheet and financial performance report for the most recent reporting period (annual or quarterly), submitted electronically to the relevant State Tax Authority (excluding individual entrepreneurs and newly established legal entities);
5. Appraisal report from an independent valuation company and E-valuation data for the collateral (prepared by a BSO (Banking Services Office) officer);
6. In case the collateral is real estate, cadastral documents (extract and cadastral passport);
7. In case the collateral is a motor vehicle, certificate of registration of the vehicle (vehicle registration certificate);
8. If the third-party pledgor is a legal entity – the founders’ written consent for pledging the property as loan collateral, the company’s founding documents, and copies of the passports of the company’s director and chief accountant (if applicable), in cases where the company is served by another bank.
9. If the third-party pledgor is an individual – a copy of their passport.
10. In case a third-party guarantee is provided: the guarantor’s founding documents (certificate of registration, charter, appointment order of the director, and copies of passports of the founders, director, and chief accountant (if applicable)); resolution of the guarantor’s founders approving the issuance of the guarantee; cash flow statement for all accounts of the guarantor for the past 12 months; the guarantor’s balance sheet and financial performance report for the most recent reporting period (annual and quarterly), submitted electronically to the relevant State Tax Authority; and the guarantor’s credit history report (KATM report).
11. Cash flow statements for the last 12 months for all accounts held by the borrowing company at any bank, certified by the respective banks (if other bank accounts exist);
12. Sale and purchase agreements for product acquisition (not required if the loan is disbursed directly to the client’s account);
13. Additional documents may be requested if deemed necessary.
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