Loans for business

For financing all types of projects not prohibited by law aimed at expanding and developing entrepreneurial activity (including the purchase of goods, raw materials and supplies, buildings and structures, vehicles, special and agricultural machinery, equipment and tools, and others in the fields of wholesale and retail trade, manufacturing, services, and other areas of activity, as well as the execution of construction and reconstruction works, and the implementation of other projects).

soum/US dollar

not required

up to 60 months

bank branch

In cash and non-cash form

The following types of assets and obligations are accepted as collateral for the loan: - real estate; - motor vehicles and special-purpose equipment that are no more than 7 years old from the year of manufacture (with the year of manufacture counted as the first year); - cash funds provided as a deposit pledge; - an insurance policy issued by an insurance company that meets the Bank’s requirements, covering the risk of loan non-repayment, and/or a third-party guarantee, provided that the amount does not exceed 25% of the total collateral value for each loan and/or does not exceed UZS 700.0 million. As an exception, for projects where assets are available that are planned to be subsequently provided to the Bank as loan collateral, a third-party guarantee may be accepted as temporary collateral until such assets are duly pledged and provided to the Bank. In addition, inventory and other tangible assets may be accepted as collateral in an amount of up to 100% of the required loan collateral (i.e. up to 125% of the loan amount), and/or an insurance policy issued by an insurance company covering the risk of loan non-repayment may be accepted in an amount of up to 50% of the loan amount. Third-party guarantees shall be accepted in accordance with the requirements of the “Procedure for Accepting Collateral to Secure the Fulfillment of Customers’ Obligations under Credit Services at JSCB ‘Asia Alliance Bank’.” The collateral value of assets provided as security shall be determined in accordance with the requirements of the “Procedure for Accepting Collateral to Secure the Fulfillment of Customers’ Obligations under Credit Services at JSCB Asia Alliance Bank

yes
up to 8 months

differential, annuity

monthly

1. The Debtor's Report on Financial Results (Form No. 2) as of the operational date should not be completed with a loss. If the debtor's performance results resulted in losses, except in cases where they are justified by reliable data;
2. At the operational date, the Debtor's own working capital should not be negative. Except in cases where these indicators are substantiated by the debtor with reliable data;
3. Absence of overdue credit debt on existing credit and equivalent transactions;
4. For loans within the last 12 months: no more than 2 instances of overdue debt exceeding 30 days; no more than 1 instance of overdue debt exceeding 60 days; absence of overdue debt exceeding 90 days;
5. The absence of overdue credit debt in the "Asia Alliance Bank" JSCB system of interconnected enterprises based on control;
6. the absence of current loans in the system of " Asia Alliance Bank " JSCB from all commercial banks and related client enterprises, classified as "unsatisfactory," "doubtful," and "bad" based on the Borrower's Credit History Certificate (CCI) based on control;
7. The absence of cases of extending the intermediate and final deadlines for repayment of the principal debt on existing loans and accrued interest on the loan in the "Asia Alliance Bank" JSCB system to date;
8. The absence of cases of non-fulfillment (except for non-fulfillment as a whole, other cases, i.e., non-fulfillment on time) of the conditions established by the collegial body for existing loans/existing obligations in the "Asia Alliance Bank" JSCB system to date;
9. There should be no instances of misuse of existing loans in the "Asia Alliance Bank" JSCB system. (Checking for the purpose of use is carried out on the basis of the act on the purpose of use. At the same time, this condition does not apply to loans allocated through products for which the validity period of the certificate of targeted use has not expired, the client has sued the supplier for insufficient delivery of services/products, and the targeted use of credit funds is not subject to verification);
10. The client must not have funds to pay for enforcement proceedings opened by the Bureau of Enforcement;
11. If there are claims in the economic court for credit services for the last 3 years and the claim is partially or fully satisfied, the request is considered and rejected. 12. As of the operational date, the client's creditworthiness level should not be lower than the 2nd class.

By transferring the loan funds to the borrower's deposit account in order to make payments for expenses related to the borrower's entrepreneurial activities;
In cash form through the bank's cash desk (The loan funds are disbursed in cash only in the national currency through the bank's cash desk under the supervision of the Lending Department from the client's loan account. No additional commission is charged to the client);
By wire transfer based on the contract provided by the client.

For legal entities: Credit application, founding documents, information about the company's management and founders, consent/decision of the founders regarding obtaining the loan and/or providing collateral; account turnover statements from other banks, and information about existing obligations. For sole proprietors: Credit application, certificate of registration, copy of passport, documents confirming the place of business activity; financial calculations prepared by the client justifying the repayment of the loan amount with a forecast of cash flows, as well as other documents related to the implementation of the project.

not required

1. The amount of loans issued to a borrower in the "ASIA ALLIANCE BANK" JSCB system exclusively on the basis of insurance policy collateral, in the total value, should not exceed 500,0 million soums for business entities with the status of a legal entity and 300,0 million soums for individual entrepreneurs without the status of a legal entity (IP, OP, PT, etc.). Also, when calculating together with loans allocated to one borrower or a group of interconnected borrowers based on control, the total balance of loans secured solely by insurance policy should not exceed 1,0 billion soums;
2. The targeted use of credit funds is not verified in a separate procedure and is not documented with an act, but the direction of credit funds must be determined in the loan agreement in accordance with the Project Documentation and the Business Plan

possibly

not provided

not provided

It must not exceed 25 percent of the total loan portfolio and/or its amount must not be more than 700.0 million soums.

Interest rate: up to 12 months - in national currency - 21% per annum, in US dollars - 13% per annum; in euro -10%, from 12 to 24 months - in national currency - 22% per annum, in US dollars – 13,5% per annum; in euro – 10,5%, from 24 to 36 months - in national currency - 23% per annum, in US dollars - 14% per annum; in euro – 11%, from 36 to 48 months - in national currency – 23,5% per annum, in US dollars - 15% per annum; in euro – 11,5%, from 48 to 60 months - in national currency - 24% per annum, in US dollars - 16% per annum; in euro – 12%, Grace period:
-If the credit line is not opened up to 6 months;
-If the credit line is opened up to 8 months