Modular loans

JSCB “ASIA ALLIANCE BANK” offers the following modular loans to small business and private businesses.

«QULAY BIZNES» – for legal entities and entrepreneurial entities without legal entity status (SP, LLC, JV, IE, FT, etc.).

- Purpose of the loan: No specific requirement for targeted use – untargeted;
- Through an open credit line or without opening a credit line;
- Loan funds are directed to the customer’s account opened with JSCB “ASIA ALLIANCE BANK”;
- Loan term: Up to 36 months;
For the first 12 months: Grace period of 8 months with an annual interest rate of 27.99% in local currency and 14.99% in USD;
From 12 to 24 months: Grace period of 4 months with an annual interest rate of 29% in local currency and 16% in USD;
From 24 to 36 months: Grace period of 6 months with an annual interest rate of 30.99% in local currency and 17% in USD;
- Loan amount:
Up to 3.5 billion UZS equivalent for legal entities;
Up to 1.0 billion UZS equivalent for entrepreneurial entities without legal entity status;
- Collateral: Cash funds.

Specific conditions:

1. No overdue loan obligations or equivalent transactions at the time of application;
2. Within the last 12 months:
No more than two overdue debts of over 30+ days;
No more than one overdue debt of over 60+ days;
No overdue debts of 90+ days;
3. No overdue loan obligations for related enterprises under mutual control within the JSCB “ASIA ALLIANCE BANK”;
4. Based on credit history data (KATM), neither the client nor related enterprises should have loans classified as “unsatisfactory,” “doubtful,” or “hopeless” by JSCB “ASIA ALLIANCE BANK”;
5. No instances of extensions for principal or interest repayment deadlines on current loans;
6. No non-compliance with conditions set by the bank’s collegial body for existing obligations;
7. No evidence of improper use of loan funds within the JSCB “ASIA ALLIANCE BANK”;
8. No outstanding debt under enforcement proceedings initiated by the Mandatory Enforcement Bureau;
9. Applications will be rejected if any economic court claims related to credit services have been partially or fully satisfied in the last three years;
10. No allowance for loan debts under legal proceedings;
11. No allowance for write-offs of loan debts to off-balance-sheet accounts.

«BIZNES IPOTEKA» – for legal entities and entrepreneurial entities without legal entity status (SP, LLC, JV, IE, FT, etc.).

- Purpose of the loan: To expand and develop entrepreneurial activities by purchasing residential or non-residential buildings and structures from primary or secondary markets;
- Without opening a credit line;
- Loan term: Up to 60 months;
For the first 36 months: Grace period of 8 months with an annual interest rate of 27.99% in local currency;
From 36 to 48 months: Grace period of 8 months with an annual interest rate of 30% in local currency;
From 48 to 60 months: Grace period of 8 months with an annual interest rate of 32% in local currency;
- Loan amount:
Up to 3.5 billion UZS for legal entities;
Up to 1.0 billion UZS for entrepreneurial entities without legal entity status;
- Initial payment: At least 25% of the notarized purchase-sale agreement value;
- Collateral: The real estate purchased on credit is pledged as collateral in an amount not exceeding 70 percent of the value of the initial purchase and sale agreement. Additional property collateral and/or insurance terms for the insufficient portion of the loan collateral. A standard insurance policy from an acceptable insurance company may be provided.

«NAQD-KAPITAL» – business entities and individual entrepreneurs who have the status of legal entities in their activities, who need cash and have the right to carry out monetary practice;

- Purpose of the loan: Financing projects that require cash and are not prohibited by law for the purpose of expanding and developing entrepreneurial activities;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period: Up to 6 months;
- Interest rate: Annual rate of 30.99%;
- Loan amount:
Up to 3.5 billion UZS for legal entities;
Up to 1.0 billion UZS for entrepreneurial entities without legal entity status;
- Collateral: In accordance with the requirements set by the bank's "Procedure for selecting and accepting collateral types for loans and equivalent operations," including legally established types of collateral.

«EXPRESS MIKRO – QARZ» - for business entities (enterprises and organizations with the status of legal entities and individual entrepreneurs) carrying out entrepreneurial activities with a term of at least 3 months;

- Purpose of the loan: To replenish working capital;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 12 months;
- Grace period:
Up to 3 months if no credit line is opened;
Up to 8 months if a credit line is opened;
- Interest rate:
30.0% annually in local currency;
16.0% annually in foreign currency;
- Loan amount:
Up to 500 million UZS equivalent for legal entities;
Up to 300 million UZS equivalent for entrepreneurial entities without legal entity status;
The loan amount is determined based on 50% of the funds credited to the borrower's account from their primary business activities over the last three months;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

«OPTIMAL KREDIT» – business entities with the status of a legal entity, carrying out entrepreneurial activities for at least three months;

- Purpose of the loan: Financing all types of projects permitted by law to expand and develop entrepreneurial activities (wholesale and retail trade, manufacturing, service provision, purchasing goods, raw materials, buildings, vehicles, equipment, construction and reconstruction projects, and other activities);
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period:
Up to 6 months if no credit line is opened;
Up to 8 months if a credit line is opened;
- Interest rate:
27.99% annually in local currency;
14.99% annually in foreign currency;
- Loan amount:
Up to 3.5 billion UZS equivalent for legal entities;
Up to 1.0 billion UZS equivalent for entrepreneurial entities without legal entity status;
- Collateral: In accordance with the requirements set by the bank's "Procedure for selecting and accepting collateral types for loans and equivalent operations," including legally established types of collateral.

«KORPORATIV» – for business entities (enterprises and organizations with the status of legal entities and individual entrepreneurs) that have been engaged in business activities for at least three months;

- Purpose of the loan: To cover business expenses related to the company’s activities that can be paid via corporate cards and to increase working capital for business entities;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 12 months;
- Grace period: Up to 8 months, depending on the loan type and term;
- Interest rate: 27.99% annually;
- Loan amount:
Up to 500 million UZS for legal entities;
Up to 300 million UZS for entrepreneurial entities without legal entity status;
- The loan amount is determined based on 50% of the funds credited to the borrower's account from their primary business activities over the last three months;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

«ALLIANCE AUTO» – for small business entities (individual entrepreneurs, LLCs, joint ventures, etc.) that have the status of a legal entity;

- Purpose of the loan: Purchasing new vehicles (up to 3 units) from the primary market for business use;
- Without opening a credit line;
- Loan term: Up to 48 months;
- Grace period: Up to 6 months;
- Interest rate:
Up to 36 months:
27.99% annually in local currency;
14.99% annually in foreign currency;
Up to 48 months:
30.0% annually in local currency;
16.0% annually in foreign currency;
- Loan amount:
Up to 3.0 billion UZS equivalent for legal entities;
Up to 1.0 billion UZS equivalent for entrepreneurial entities without legal entity status;
- Initial payment: At least 30% of the vehicle's purchase price;
- Collateral:
The purchased vehicles themselves, covering up to 70% of their contractual value, are accepted as collateral.
For the remaining amount, an insurance policy covering the risk of non-repayment, issued by an insurance company acceptable to the bank, is required.

«TEZKOR» - business entities with the status of a legal entity, engaged in entrepreneurial activity for at least three months, permanently operating and having regular cash turnover;

- Purpose of the loan: To replenish working capital for business activities;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period: Up to 6 months;
- Interest rate:
27.99% annually in local currency for terms up to 12 months;
30.00% annually in local currency for terms between 12 and 24 months;
32.00% annually in local currency for terms between 24 and 36 months;
14.99% annually in foreign currency for terms up to 12 months;
16.00% annually in foreign currency for terms between 12 and 24 months;
18.00% annually in foreign currency for terms between 24 and 36 months;
- Loan amount:
Up to 500 million UZS equivalent for legal entities;
Up to 300 million UZS equivalent for entrepreneurial entities without legal entity status;
- The loan amount is determined based on 50% of the funds credited to the borrower’s account from their primary business activities over the last three months;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

Specific conditions:

1. Financial activities for the last annual and quarterly reporting periods should not result in losses unless these are substantiated with genuine data;
2. Working capital should not show negative indicators in annual and quarterly reporting periods unless backed by genuine data;
3. No overdue loan obligations or equivalent transactions at the time of application;
4. Within the last 12 months:
No more than two overdue debts of over 30+ days;
No more than one overdue debt of over 60+ days;
No overdue debts of 90+ days;
5. No overdue loan obligations for related enterprises under mutual control within the JSCB “ASIA ALLIANCE BANK”;
6. Based on credit history data (KATM), neither the client nor related enterprises should have loans classified as “unsatisfactory,” “doubtful,” or “hopeless” by JSCB “ASIA ALLIANCE BANK”;
7. No instances of extensions for principal or interest repayment deadlines on current loans;
8. No non-compliance with conditions set by the bank’s collegial body for existing obligations;
9. No evidence of improper use of loan funds within the JSCB “ASIA ALLIANCE BANK”;
10.No outstanding debt under enforcement proceedings initiated by the Mandatory Enforcement Bureau;
11. Applications will be rejected if any economic court claims related to credit services have been partially or fully satisfied in the last three years.

«ECO DRIVE» – for small business entities (individual entrepreneurs, LLCs, joint ventures, etc.) with the status of a legal entity;

- Purpose of the loan: To purchase new electric or hybrid vehicles (up to 3 units) for business use;
- Without opening a credit line;
- Loan term: Up to 60 months;
- Grace period: Up to 6 months;
- Interest rate:
Up to 36 months:
27.99% annually in local currency;
14.99% annually in foreign currency;
Up to 60 months:
30.0% annually in local currency;
17.0% annually in foreign currency;
- Loan amount:
Up to 3.0 billion UZS equivalent for legal entities;
Up to 1.0 billion UZS equivalent for entrepreneurial entities without legal entity status;
- Initial payment: At least 30% of the vehicle's purchase price;
- Collateral:
The purchased vehicles themselves, covering up to 70% of their contractual value, are accepted as collateral.
For the remaining amount, an insurance policy covering the risk of non-repayment, issued by an insurance company acceptable to the bank, is required.

«QISHLOQ XOJALIGIGA KO’MAK» – business entities (enterprises and organizations with the status of legal entities, as well as individual entrepreneurs) engaged in or wishing to engage in entrepreneurial activity in the field of agriculture (fruit and vegetable growing, horticulture, animal husbandry, fishing, sericulture, poultry farming, etc.);

- Purpose of the loan: To expand and develop agricultural activities, such as purchasing agricultural products, raw materials, equipment, vehicles, and other assets;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period: Up to 6 months;
- Interest rate: 27.99% annually;
- Loan amount:
Up to 3.0 billion UZS for legal entities;
Up to 500 million UZS for entrepreneurial entities without legal entity status;
- Collateral: In accordance with the requirements set by the bank’s "Procedure for selecting and accepting collateral types for loans and equivalent operations," including legally established types of collateral.

«BIZNESGA BIRINCHI QADAM» - citizens of the Republic of Uzbekistan who have reached the age of 18, registered with the state tax service as self-employed persons, paying social tax and having no official income;

- Purpose of the loan: A microloan to start a business;

- Without opening a credit line;
- Loan term: Up to 12 months;
- Grace period: Up to 1 month;
- Interest rate: 27.99% annually;
- Loan amount: Up to 5,000,000 UZS;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

«YANGI TADBIRKOR» – is intended to finance individual (private) entrepreneurs who have been engaged in entrepreneurial activity for at least three months, are permanently operating and have regular cash receipts;

- Purpose of the loan: To expand and develop entrepreneurial activities based on creating new jobs that are not prohibited by law;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 24 months;
- Grace period: Up to 6 months;
- Interest rate:
For loan terms up to 12 months:
24.00% annually in local currency;
12.00% annually in foreign currency;
For loan terms up to 18 months:
26.00% annually in local currency;
14.00% annually in foreign currency;
For loan terms up to 24 months:
27.99% annually in local currency;
16.00% annually in foreign currency;
- Loan amount: Up to 300,000,000 UZS equivalent;
- The loan amount is determined based on 50% of the funds credited to the borrower’s account from their primary business activities over the last three months;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

«BANDLIKKA KO'MAK» - is intended to finance business entities with the status of a legal entity, carrying out or wishing to carry out entrepreneurial activities;

- Purpose of the loan: To expand and develop entrepreneurial activities based on creating new and additional jobs, financing projects that are not prohibited by law (wholesale and retail trade, manufacturing, services, purchasing goods, raw materials, materials, buildings, vehicles, agricultural equipment, machinery, and other related projects);
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period: Up to 6 months if no credit line is opened, or up to 9 months if a credit line is opened;
- Interest rate:
26.00% annually in local currency for the creation of 5 or fewer jobs;
24.00% annually in local currency for the creation of more than 10 jobs;
13.00% annually in foreign currency for the creation of 5 or fewer jobs;
12.00% annually in foreign currency for the creation of more than 10 jobs;
- Loan amount: Up to 1,000,000,000 UZS equivalent;
- Collateral: In accordance with the requirements set by the bank’s "Procedure for selecting and accepting collateral types for loans and equivalent operations," including legally established types of collateral.

Specific conditions:

1. If during the period of use of the loan the jobs planned to be created by the project are reduced, the benefits provided on the loan interest rate will be cancelled, and the amount increased by 4 points to the initially determined interest rate will be recalculated and collected.

2. To determine the interest on the loan, additional jobs created after the date of allocation of the loan are taken into account (the period of creation of jobs must be justified).

«IMKONIYAT» – For business entities engaged in entrepreneurial activities (legal entities and individual entrepreneurs) with at least six months of using software systems in their business activities.

- Purpose of the loan: To finance current business activities such as purchasing raw materials, goods, products, auxiliary components, and services, as well as covering operational costs, employee wages, tax payments, and other business expenses;
- Through an open credit line or without opening a credit line;
- Loan term: Up to 36 months;
- Grace period: Up to 10 months;
- Interest rate: - if the loan term is up to 18 months - 36% per annum; - if the loan term is from 18 to 24 months - 38% per annum; if the loan term is from 24 to 36 months - 40% of the annual.
- Loan amount:
Up to 1.6 billion UZS for legal entities;
Up to 500 million UZS for entrepreneurial entities without legal entity status;
- Collateral: An insurance policy covering the risk of non-repayment issued by an insurance company acceptable to the bank.

Specific conditions:

1. This credit product shall not be provided to business entities whose credit documents contain inaccurate and false information, overdue credit debts, as well as to business entities with unsatisfactory credit history.

The borrower provides the following documents to the Commercial Bank of the service of obtaining a loan:

- Application form (information on the purpose, amount, duration of the loan requested in the application, as well as provision in the amount of 125 percent in relation to the loan amount should be clearly indicated, the application should be approved by signature of the head and the seal of the organization);
- Copies of the Constituent documents of the borrower and certificates of state registration.
- Documents confirming the right to sign a loan agreement on behalf of the borrower;
- Business plan and calculations with the forecast of cash receipts (cash flows) arising from the bank account of the borrower during the financing period of the project;
- Prepared financial statements of the borrower for the specified reporting period (accounting balance sheet 1 form) and report on financial results (form 2);
- Documents on collateral (credit provision)
- Consent of the client to obtain a formalized loan in accordance with the procedure established by applicable legislation;
- Additional documentation and information may be requested due to project features.