Credits

«Collateral» Microloan

from 27% to 30.9% per annum

Interest rate

up to 60 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 «Collateral» is provided 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 60 months

Loan processing method

Bank branch

Collateral

Liquid assets as collateral, with a value of no less than 125% of the microloan amount, meeting the bank’s requirements;
and a credit default risk insurance policy for the duration of the loan agreement.

Grace period

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

An individual who is a resident of the Republic of Uzbekistan and self-employed, aged 18 or older. The Bank independently determines the borrower's average monthly income;
however, if this is not possible, the borrower may be required to provide supporting documents. The individual net income of the borrower/co-borrower must not be less than six times the base calculated amount (BCA).

Loan Provision Order

Transfer of funds to the borrower's plastic card opened at 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 (with a loan term of up to 12 months), 30.9% per annum (up to 60 months). A microloan is not provided to individuals who have a permanent official income. Early repayment can be made at any time, either fully or partially. 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).