Car loan product for individuals buying a vehicle in the secondary market
(The credit calculator is in the process of testing, and calculations may differ from the final repayment schedule)
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Basic parameters and terms of lending |
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1.1. |
Features of consumer credit. |
Term loan |
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1.2. |
Name of loan product |
Car loan (secondary market) |
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1.3. |
Citizenship requirement |
Resident and non-resident of the Republic of Uzbekistan | ||||
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1.4. |
Purpose of the loan product |
Consumer loan - for the purchase of a vehicle in the secondary market | ||||
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1.5. |
Loan currency |
In national currency; sum (UZS) |
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1.6. |
The requirement for the operating age of the purchased vehicle |
The operating age of the purchased vehicle must not exceed 5 years at the time of the loan application. |
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1.7. |
Maximum loan term |
The maximum term (without grace period) is 48 (fourty eight) months.
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1.8 |
Maximum loan amount |
1.000.000.000,00 (one billion) UZS | ||||
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1.9.
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*Down payment
*-(The maximum period is determined according to the operational age of the purchased vehicle and the down payment |
The year range in which the car was manufactured: |
2 years and less |
3 years |
4 years |
5 years |
| Minimum down payment amount for individuals with official income (percentage |
20% |
20% |
30% |
30% |
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| Minimum down payment amount for self-employed individuals (and without income certificate) (percentage) |
20% |
20% |
30% |
30% |
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Maximum loan term |
48 months |
48 months |
48 months |
36 months |
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* For individuals without official income, the minimum down payment rate must be at least 20% (twenty). - Individuals without official income are defined as persons who do not have a regular monthly salary (including individual entrepreneurs and self-employed persons). - No down payment is required if sufficient supplies other than the vehicle being purchased are provided. |
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1.10. |
Interest rates / Loan term |
Term |
1-12 months |
13-24 months |
25-36 months |
37-48 months |
| For individuals with official income |
24% |
25% |
26% |
27% |
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| For individuals without official income |
24% |
25% |
26% |
27% |
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1.11. |
Type of provision (collateral) |
• Purchased and/or other vehicle, real estate mortgage, third party guaranty, loan non-return risk insurance policy at a value not less than 115% of the loan amount; • Collateral for a loan issued to persons associated with the bank is accepted in accordance with the procedure established by the legislation of the Republic of Uzbekistan. |
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1.12. |
Necessary documents |
• Original identity document of the borrower and co-borrower (passport, ID card, residence certificate, etc.); • Preliminary sales agreement for the vehicle; • Vehicle appraisal report issued by an independent valuation organization; • Document confirming the borrower’s income (salary, pension, rental income, and other official sources of income); • Bank account statement of the borrower without official income. |
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1.13. |
Requirements for the borrower |
• From 21 to 60 years of age during the loan repayment period. • No negative credit history; • Absence of overdue debts in banks and/or credit institutions; • Based on the average monthly income of the borrower, no more than 50% should ensure the repayment of principal and interest payments on the loan and other current liabilities. |
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1.14. |
Requirements for the co-borrower |
• Age from 21 to 60 years at the period of loan repayment; • No negative credit history; • Absence of overdues (debts) in banks and/or credit institutions; • 50% of the combined average net income of the borrower and co-borrower must be sufficient to cover the highest monthly loan repayment and the average monthly payment for all existing loans and other liabilities.. |
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1.15. |
Validity of the loan decision |
30 (thirty) days |
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1.16. |
Periodicity of interim repayment payments |
Monthly |
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1.17. |
Type of repayment payments |
Annuity or differentiated payment | ||||