Loan «BIZNES INVESTITSIYA»

based on the cost of the project
loan amount
from 28%
interest rate
up to 60 months
loan term

Parameter	Cost/Description
Segmentation of customers	Business entities
Requirements for a good credit history	• no existing overdue or other bad debts; • The score by the Loan Information and Analytical Center – above 200 points; • No existing loans categorized as "unsatisfactory", "doubtful" or "bad"; • The affiliated companies have no overdue accounts payable to "Garant Bank" JSC.
Current account of the customer	Primary or secondary
Form of the loan	Through a closed credit facility
Loan amount	Based on the cost of the project
Loan tenor	up to 60 months
Grace period for loans	up to 12 months
Purpose of the loan	Financing of investment projects, procurement of fixed assets (equipment, special equipment, residential and non-residential buildings and structures, etc.)
Currency of loan	National currency (UZS)
Source of financing	the Bank's equity and/or borrowed funds
Form of the loan	By transferring the money to the guarantor's account

Accrual of interest	Annuity or differential method
Period for payment of the principal and interest	Payment of the principal – monthly after completion of the grace period; Interest is to be paid monthly.
Effective interest rate	The difference between the cost of the resource involved and the interest rate on the loan
Collateral	At least 125% of the loan amount (for affiliated companies – 130%)
Forms of collateral	1. Deposit; 2. Real estate; 3. Vehicles manufactured within last 5 years; 4. Other types of collateral that are not prohibited by the law and the applicable credit policy of the bank.
Main requirements for collateral	1. For real estate: - valid rights to the land lot where the real estate is located on (not applicable to the apartments); 2. For guarantors (except for the cases when an additional collateral is obtained): - period of state registration shall be at least 12 months; - profit and loss statement (Form No. 2) shall not be in the red; - own working capital shall not be negative; - no arrears recorded in the register No. 2; - no monetary means payable due to litigation initiated by the Bureau of Enforcement; - amount of the guarantee provided shall not exceed 80 % of the total value of the guarantor's assets; - turnover of the guarantor company shall not be less than 50% of the amount of the guarantee within the last 12 months; 3. Temporary collateral can be furnished in the form of insurance until movable or immovable property acquired on credit is provided; in this case the liquid assets furnished are considered as collateral.