Credits

Microloan “Wuling Bardosh”

0% per annum.

Interest rate

Up to 24 months

Credit term

Up to 80% of the value of the vehicle being purchased

Loan amount

General terms

Loan target

For the purpose of business development, to purchase a “Wuling Bardosh” vehicle supplied by “Asaka Motors International” LLC and its official dealers

Loan currency

Sum

Loan amount

Up to 80% of the value of the vehicle being purchased

Initial payment

from 20%

Interest rate

0% per annum.

Credit term

Up to 24 months

Loan processing method

Bank branch

Form of issue

By transferring the funds to the settlement account of “Asaka Motors International” LLC.

Collateral

Security in an amount of at least 125% of the microloan amount provided. Additional security is required for persons related to the bank.

Grace period

Repayment method

Differentiated

Frequency of payments

Monthly

Borrower requirements

An individual who is a resident of the Republic of Uzbekistan, aged 18 or older, and registered as self-employed

Required Documents

A) Identity document (passport, ID card, residence certificate, etc.);
B) Vehicle purchase and sale agreement;
C) Self-employed registration certificate;
D) Spouse’s consent to pledge the vehicle purchased using the loan. If the borrower has no spouse, a document confirming that the borrower is unmarried as of the date of the loan application. Income information of the borrower/co-borrower(s), where applicable, is independently obtained by the Bank electronically through special networks. If income cannot be determined, supporting documents may be requested. Income information is considered for at least the last 6 months.

Additional Conditions

• The borrower’s/co-borrower’s debt burden must not exceed 50%. • No current debt to MIB. • The credit history for the last 3 years must be positive. Up to 10 cases of 30+ day overdue payments and up to 3 cases of 60+ day overdue payments are allowed. For individuals with permanent official income, up to 1 case of 90+ day overdue payment is allowed.

Early repayment

May be made at any time, in full or in part, at the client’s discretion.