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

- As collateral, the following may be accepted: a third-party guarantee, pledge of liquid assets, or life insurance in an amount of at least 125% of the microloan amount. Class 5 collateral is accepted;
- For microloans provided to related parties of the Bank, the collateral value must be at least 130% of the microloan amount.

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) A report issued by an independent appraisal organization assessing the collateral property (if the loan is secured by property);
C) An initial monitoring report on the property to be accepted as collateral, prepared by the Bank’s responsible employees, accompanied by photographic materials of the collateral property (if the loan is secured by property).

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 Debt Burden Ratio of the Borrower/Co-Borrower/Guarantor must not exceed 50%;
• The Debt-to-Income (DTI) ratio must not exceed 8 times the amount of income;
• An increased interest rate of 1.5 times the applicable loan interest rate shall be applied to any overdue principal amount;
• For microloans secured by a third-party guarantee, the minimum qualifying score based on the scoring results is 490 points;
• The credit history for the last 3 years, according to credit bureau data, must be positive. The following is permitted: Overdue payments exceeding 30 days: no more than 10 cases;
Overdue payments exceeding 60 days: no more than 5 cases;
Overdue payments exceeding 90 days: 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.