Credits

«Imkon» Microloan

from 21% to 26% per annum

Interest rate

up to 60 months

Credit term

up to 100 mln sum

Loan amount

General terms

Loan target

Microloan for any purpose

Loan currency

Sum

Loan amount

up to 100 mln sum

Interest rate

from 21% to 26% per annum

Credit term

up to 60 months

Loan processing method

Bank branch

Form of issue

Non-cash

Collateral

- When providing this loan for a term of up to 60 months, a third-party guarantee or liquidity of at least 125 percent of the microloan is accepted as collateral;
* Provision for micro-loans allocated to persons related to the bank for a term exceeding 36 months must be at least 130 percent of the micro-loan amount. - Microloans are provided on an unsecured basis for a term of up to 36 months.

Grace period

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

An individual who is a resident of the Republic of Uzbekistan and at least 18 years of age.

Loan Provision Order

Transfer of funds to the borrower's plastic card opened with JSCB "Asia Alliance Bank"

Required Documents

A) An identity document (passport, ID card, residence permit, etc.);
B) Documents securing the repayment of the loan;
D) A valuation report issued by an independent appraisal organization for the collateral (where the loan is secured by property);
E) A preliminary collateral monitoring report prepared by the Bank’s responsible employees, including photographs of the collateral (where the loan is secured by property). The Borrower’s income information is obtained independently by the Bank in electronic form through specialized information networks. If the Borrower’s income cannot be determined through these sources, supporting documents confirming the Borrower’s income may be requested. The Borrower’s income shall be calculated based on income data covering a period of at least the last 6 (six) months.

Loan Service Fee

None

Additional Conditions

Interest rate: 21.0% per annum (for loan terms up to 12 months), 23.0% per annum (up to 24 months), 25.0% per annum (up to 36 months), 26.0% per annum (up to 60 months). The Borrower’s/Co-Borrower’s/Guarantor’s debt service-to-income ratio (DSTI) must not exceed 50%;
The debt-to-income ratio (DTI) must not exceed 8 times the borrower’s income;
For unsecured microloans, an accident insurance policy covering 125% of the microloan amount is required;
The interest rate applicable to overdue principal shall be set at 1.5 times the contractual interest rate on the loan;
For microloans granted against a third-party guarantee, the minimum required credit scoring score is 490 points;
For unsecured microloans, the minimum required credit scoring score is 462 points;
The Borrower’s credit history for the past 3 years, as obtained from credit bureaus, must be positive. The following delinquency thresholds are permitted: 30+ days past due: up to 10 instances;
60+ days past due: up to 5 instances;
90+ days past due: not permitted.

Early repayment

It may be carried out at any time, in full or in part, depending on the client’s preferences

A microloan is a convenient and affordable way to quickly get the required amount for any purpose. This modern tool allows people to get out of a difficult financial situation who suddenly need a small amount of money for unforeseen expenses related to the need to repair something, pay for education, treatment, bills, buy a travel package, furniture, equipment or urgently pay off a debt.