Credits

Overdraft «Online»

22% per annum

Interest rate

12 month

Credit term

In an amount of up to three times the borrower’s average monthly salary or pension, subject to the results of the credit scoring assessment

Loan amount

General terms

Loan target

For personal needs

Loan currency

Sum

Loan amount

In an amount of up to three times the borrower’s average monthly salary or pension, subject to the results of the credit scoring assessment

Interest rate

22% per annum

Credit term

12 month

Loan processing method

Mobile app

Form of issue

Available to individuals who maintain a special UZS card account with JSCB "Asia Alliance Bank", opened under a payroll project or for pension payment transfers

Collateral

Overdraft collateral no collateral is required (in this case, an insurance policy is issued for the conditional insurance of the borrower against accidents in the amount of 125 percent of the overdraft);

All insurance-related expenses are covered by the bank

Grace period

yes (up to 6 months)

Repayment method

Differentiated

Frequency of payments

Monthly

Borrower requirements

An individual aged between 21 and 60 who holds a UZS bank card account with JSCB "Asia Alliance Bank", opened for the receipt of monthly salary payments or pension benefits

Loan Provision Order

Transfer of funds to the borrower’s bank card account opened with JSCB "Asia Alliance Bank"

Loan Service Fee

None

Additional Conditions

Salary or pension payments must have been credited to the borrower’s bank card maintained within the JSCB “Asia Alliance Bank” system during the last six months;

Online overdraft facilities are not available to individuals with overdue loan obligations or outstanding interest arrears;

Online overdraft facilities are not available to individuals with outstanding debts under enforcement proceedings (MIB).
The borrower must have a positive credit history. The following delinquency thresholds are acceptable:30+ days past due: up to 10 occurrences;
60+ days past due: up to 5 occurrences;
90+ days past due: up to 1 occurrence.
Operating Mechanism: The overdraft facility is accessed through the JSCB “Asia Alliance Bank” mobile application;

The approved overdraft limit is displayed on the salary project bank card balance in addition to the customer’s own funds, with the total available amount reflecting both the customer's funds and the bank-approved overdraft limit;

The overdraft limit established by the Bank is maintained in off-balance-sheet accounts.

Early repayment

Early repayment may be made at any time, either in full or in part