Microloan "Express"
*The service is currently suspended.
*The service is currently suspended.
Loan to individuals for their needs in the amount of up to 5,000,000 UZS
Definition of microcredit | Loan to individuals for their needs in the amount of up to 5,000,000.0 UZS |
Subjects of lending | Citizens of the Republic of Uzbekistan aged 18 to 60 years with a regular income |
Purpose of the loan | For the borrower’s own needs |
Loan term | Up to 12 months, without grace period |
Loan amount | Up to 5,000,000 (five million) UZS |
Loan interest | 32% per year |
Provision of credit | Insurance policy against the risk of non-repayment of the loan |
Amount of credit reserve | It is required that the ratio between the amount of the credit offer and the amount of the allocated loan was at least 125 percent |
Circumstances under which the provision of a loan is not allowed | - In the absence of a permanent income (for the last 6 months) ; - If there is an overdue loan debt; - If the amount of microloans (guarantees) of the borrower in all banks exceeds 100 million soums - In the case when the average monthly payments on loans and/or microloans exceed 50% of the average monthly income |
Loan distribution | Cash at bank cash desks or by transfer to a plastic card opened at Garant Bank JSC. * When issuing a loan in cash at the bank's cash desk, a withdrawal fee of 1% is charged. |
Required documents for granting a loan | - Identification document of the borrower - Certificate of permanent income; *In this case, the client is required to visit the bank branch in person |
Method of loan repayment | Annuity method; |
Procedure for issuing a loan | The credit manager prepares a conclusion on the provision of a loan after studying the documents provided by the borrower . A loan agreement and loan guarantee documents are prepared if the credit committee deems it appropriate to allocate a loan. All information is entered into the iABS program, with the transfer of credit funds to the appropriate number through the program |