Updated: 03-11-2025
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Based on the cost of the leasing facilityloan amount -
from 28%interest rate -
up to 60 мonthsloan term
| Parameter | Cost/Description |
| Leasing (financial leasing) | The Bank (Lessor), acting on behalf of the Lessee (client of the bank), shall procure the property (leased item) from the seller, as per the lease agreement and transfer the property to the Lessee for use and possession under a fee specified in the agreement. |
| Available forms of leasing | Leasing can be executed either in direct form, when three entities are involved, or in reverse form, when one person acts as both lessee and seller. |
| Segmentation of the customers (lessee) | Legal entities and individual entrepreneurs engaged in entrepreneurial activities |
| Requirements for a good credit history | • No overdue debt; • No loan balances that are the subject of a lawsuit, or amount of principal and interest transferred to an off-balance sheet account; • 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 |
| Leasing currency | National currency (UZS) |
| Product type | Financial leasing |
| Forms of leasing | Leasing can be executed either in direct form, when three entities are involved, or in reverse form, when one person acts as both lessee and seller. |
| Leasing facilities | The potential leasing facilities are the companies, property complexes, buildings, structures, equipment, vehicles and other movable and immovable property used for entrepreneurial activities. *No land lot, natural site, and other property withdrawn or restricted for commercialization can be leased. |
| Cost of leasing | Based on the cost of the leasing facility |
| Loan tenor and interest rates | From 13 to 36 months – 28 %; From 37 to 60 months – 29%. * The interest rates on leasing may change in the future as per the decisions of the Liquidity and Resources Management Committee. |
| Grace period | up to 6 months |
| Accrual of interest | Annuity or differential method |
| The main requirements for the customer when a leasing is granted | 1. Primary or secondary account opened in the system of "Garant Bank" JSC; 2. Profit and loss statement (Form No. 2) shall not be in the red for the last reporting period (annual or quarterly) (not applicable to the individual entrepreneurs, and newly established legal entities – within last 6 months); 3. Availability of positive own working capital (not applicable to the individual entrepreneurs, and newly established legal entities); 4. No arrears recorded in the register No. 2; 5. The debtor shall not be payable due to litigation initiated by the Bureau of Enforcement. |
| Forms of collateral | 1. Monetary means; 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 leasing 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. Depending on the nature of the leased property, the additional required collateral value will be as follows: a) If the leasing facility is a company, property complex, building, structure – in the amount of 45% of the value of the leasing agreement; b) If the leasing facility is a passenger vehicle – in the amount of 55% of the value of the leasing agreement; c) If the leasing facility is special equipment and trucks – in the amount of 65% of the value of the leasing agreement; d) If the leasing facility is equipment, technologies or other objects – in the amount of 100% of the value of the leasing agreement. |
| Recording and registration of the leasing facility | The leasing facility shall recorded on the balance sheet of the lessee. Leasing facilities which are subject to the state registration shall be registered in the name of the bank (lessor) or the lessee in accordance with the procedure prescribed by law. |
The list of documents required to obtain the leasing product
1. The lessee's application;
2. The constituent documents of the lessee company (certificate, charter, executive order and copies of the passports of the founders, director, accountant (if any);
3. Financial statements (balance sheet, profit and loss statement) as of the last reporting date of the lessee;
4. Business plan;
5. insurance policy from the insurance company confirming that the leasing facility is insured (after transfer of the leasing facility to the lessee, it shall be insured by the lessee);
6. Leasing purchase and sale agreement;
7. Technical guarantee provided by the seller for the leasing facility (if necessary);
8. Other documents depending on the nature of the leasing transaction and the terms of the leasing agreement.
9. Documents required for collateral of the leasing.
2. The constituent documents of the lessee company (certificate, charter, executive order and copies of the passports of the founders, director, accountant (if any);
3. Financial statements (balance sheet, profit and loss statement) as of the last reporting date of the lessee;
4. Business plan;
5. insurance policy from the insurance company confirming that the leasing facility is insured (after transfer of the leasing facility to the lessee, it shall be insured by the lessee);
6. Leasing purchase and sale agreement;
7. Technical guarantee provided by the seller for the leasing facility (if necessary);
8. Other documents depending on the nature of the leasing transaction and the terms of the leasing agreement.
9. Documents required for collateral of the leasing.
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