Credits

«Collateral» 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

Aimless

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

Collateral

- Liquidity collateral in an amount of at least 125 percent of the microcredit amount meeting the bank's requirements. - Provision for microcredits allocated to persons related to the bank must be at least 130 percent of the microcredit amount.

Grace period

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

Self-employed individuals who are residents of the Republic of Uzbekistan and have reached the age of 23.

Loan Provision Order

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

Required Documents

A) Identity document (passport, ID card, residence permit, etc.);
B) Certificate of registration as a self-employed person (no more than 6 months from the date of registration);
C) Documents confirming the security of loan repayment;
D) Report of the independent appraisal organization on the valuation of mortgage property;
D) The act of initial monitoring of the property accepted as collateral, drawn up by the Bank's credit manager (responsible employee) with the attachment of photographic materials of the collateral.

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 indicator of the Borrower/Co-borrower must not exceed 50%;
• The debt-to-income ratio must not exceed 8 times;
• the increased interest rate on overdue principal debt is set at 1.5 times the interest rate on the loan;
• No current debt to MIB • The credit history obtained from credit bureaus must be positive. At the same time: for the last 3 years: - 60+ Up to 3 are permitted;
credit history for the last 1 year: - 30+ Up to 2 are 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.

A Microloan «Collateral» is provided to self-employed individuals who provide liquid assets as collateral that meets the bank's requirements.