Microloan “For payroll projects”

Microloan for individuals participating in the payroll project.

Indicator	Value/Description
Microloan for individuals participating in the payroll project.
Loan Amount	40 000 000 (forty million) sums
Loan Term	Up to 48 months;
Grace Period	Not applicable
Lending Form	Funds are transferred to the client’s plastic card opened in the JSC “Garant bank” system.
Minimum Interest Rate on the Loan For employees of budgetary organizations (within the payroll project of JSC “Garant bank”) and individuals participating in the payroll project:	Loan Term	Interest Rate
	12 months	26%
	24 months	28%
	36 months	30%
	48 months	32%
Minimum Interest Rate on the Loan For employees of budgetary organizations (not participating in the payroll project of JSC “Garant bank”):	Loan Term	Interest Rate
	12 months	28%
	24 months	30%
	36 months	32%
	48 months	34%
Loan Collateral	At least 125% of the loan amount. The loan guarantee may include a credit default risk insurance policy or third-party guarantee. Loan collateral requirement for individuals affiliated with the bank – 130%