Credits

Car loan (secondary market)

Car loan (secondary market) - or the purchase of vehicles on the secondary market (except for electric vehicles) that have not been produced for more than 5 years.

from 26,9%

Interest rate

up to 60 months

Credit term

The maximum loan amount is 300.0 million soums.

Loan amount

Car loan (secondary market) - or the purchase of vehicles on the secondary market (except for electric vehicles) that have not been produced for more than 5 years.

The maximum loan amount is 300.0 million soums.

Persons interested in obtaining a loan can choose the parameters of their loan based on the following options and the amount of the initial payment, depending on the period of use of the loan:

The amount of the initial payment	Loan period	Interest rate (annual)
In an amount of at least 25% of the price specified in the original sales contract	up to 12 months	26,9%
	up to 36 months	29,9%
	up to 60 months	30,9%

Payment of the loan and accrued interest is carried out in the form of an annuity or differentiated payment in the manner and on the terms specified in the loan agreement.

The separate net income of the borrower/co-borrower should not be less than 6 times the size of the BDV.

60% of the Borrower and Co-Borrower's combined average net income must be sufficient to cover the maximum monthly loan payment and the average monthly payment on existing loans/debts.

It is not allowed to issue a car loan for the purchase of vehicles between close relatives (parents, biological and half-brothers, sisters, spouses, children, including adopted children, grandparents, grandchildren, parents of spouses).

As collateral for the loan, the Bank accepts:

A car purchased on credit on the secondary rialto.

This purchased vehicle is accepted as collateral in the amount of 125% of the loan amount.

To obtain a Loan, the Bank shall be provided with the following documents:

·         Identification document (passport, identity card, residence permit, etc.);
·         Car purchase and sale agreement;
·         Documents ensuring loan repayment;
·         Vehicle appraisal report from an independent appraisal organization.
·         Self-Employment Certificate. (when providing loans to self-employed persons).

The bank independently receives information about the borrower’s average monthly income electronically through special networks. In this case, income information was calculated for at least the last 6 (six) months. If it is impossible to determine the Borrower's average monthly income, the Borrower may be required to provide documents confirming the average monthly income and other sources of income.