Credits

«Polis» Microloan

from 27% to 30.9% per annum

Interest rate

up to 36 months

Credit term

up to 100 mln sum

Loan amount

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.

A Microloan «Polis» is provided to individuals with a stable income sufficient to pay off monthly loan payments, as well as to self-employed individuals who provide liquid assets as collateral that meets the bank's requirements.

Microloan agreement

Size: 184.30 KB

Format: pdf

General terms

Loan target

Microloan for any purpose

Loan currency

Sum

Loan amount

up to 100 mln sum

Interest rate

from 27% to 30.9% per annum

Credit term

up to 36 months

Loan processing method

Bank branch

Form of issue

Non-cash

Collateral

For microloans of up to 25 million UZS, collateral of at least 125% of the loan amount is required in the form of a third-party guarantee, an insurance policy, or other liquid assets that meet the bank’s requirements. For microloans from 25 to 100 million UZS, an insurance policy covering the risk of non-repayment of the microloan or liquid assets that meet the bank’s requirements is required.

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. The Bank independently determines the borrower’s average monthly income. If this is not possible, the borrower may be required to provide supporting documents. The individual net income of the borrower/co-borrower must be at least six times the Basic Calculation Value (BCV). The average monthly net income of the borrower/co-borrower must be at least 50% of the maximum monthly installment under the microloan, as well as sufficient to cover monthly payments on existing loans and debts. The borrower must have sufficient income to cover at least 50% of the maximum monthly installment under the microloan if there is a co-borrower. The guarantor's income will be assessed in accordance with the above requirements.

Loan Provision Order

Transfer of funds to the borrower's plastic card opened with JSCB "ASIA ALLIANCE BANK"

Required Documents

Identity document (passport, ID card, residence permit, etc.);
Documents ensuring loan repayment;
Certificate of self-employment;
Report from an independent appraisal organization on the market value of the collateral;
Initial collateral monitoring report with photographs (in case collateral is required, it is prepared by bank employees).

Loan Service Fee

None

Additional Conditions

Interest rate: 27% per annum (for loan terms up to 12 months), 30.9% per annum (up to 36 months). A microloan is not provided to self-employed individuals.To have a positive credit history. In this case: 30+ days overdue — up to 10 instances allowed;
60+ days overdue — up to 5 instances allowed;
90+ days overdue — up to 2 instances allowed. No current debt with the Credit Information Bureau (CIB).