CAR LOAN - Consumer loan to individuals for the purchase of cars of JSC "UzAvtoMotors", produced in the Republic of Uzbekistan and sold through the network of authorized Dealers in the domestic market.
The loan is granted in the amount of not more than 75% of the cost of the Car, provided that the Borrower makes a down payment of not less than 25% of the Car cost.
Persons interested in obtaining a loan can choose the parameters of their loan based on the following options, depending on the amount of the initial loan payment:
The amount of the initial payment
not less than 25% of car's price
up to 36 month
The Bank provides the opportunity to choose the method by which the monthly payment for the car loan will be calculated. The first one - when the payments are the same every month (annuity), and the second one – when they decrease over time.
The client's expenses related to the loan include only the costs of insurance and registration of collateral for vehicles purchased at the loan expense. The issuance and maintenance of loans for the purchase of road transport is not subject to any additional payments.
The amount of the insurance premium for the insurance of the vehicle collateral will be calculated from 125% of the loan amount. At the same time, customers have the opportunity to include the amount of insurance premium in the loan amount.
As collateral for the loan, the Bank accepts:
- collateral of motor vehicles purchased with a loan (the main collateral);
- other types of security that meet the requirements of the Bank (optional).
To obtain a Loan, the Bank shall be provided with the following documents:
- Application for the Loan.
- Certificate of employment or other document confirming the amount of income for the last 12 months.
- Contract of delivery of the car.
- Identity document (passport, residence permit, etc.)
- Documents to secure the loan.
The Bank reserves the right to request additional documents for the most complete analysis of the Borrower's/Co-Borrower's solvency.