Replenishment of working capital - acquisition of raw materials, materials, components, payment for works and services, expenses for the sale, as well as refinancing of a loan previously issued by another bank to replenish working capital
Credit with and without opening a credit line, frame credit line
The national currency of the Republic of Uzbekistan is sum
The maximum allowable loan amount
The loan amount depends on the state of financial and economic activity, the turnover of deposit accounts, the volume of business, the sources of repayment, and the collateral provided
Grace period for repayment of the principal debt
- For loans with the opening of a credit line - no more than 6 (six) months;
- For loans without opening a credit line - no more than 30 (thirty) days.
Grace period for repayment of the main debt
No more than 6 months
The interest rate on fixed-term debt
From 27% per annum*
Repayment of the principal debt
Monthly/quarterly/semi-annual payments, as well as individually, depending on the borrower's activities and the seasonal nature of the business
Frequency of principal repayment
Monthly/quarterly/semi-annual payments, as well as individually, depending on the borrower's activities and the seasonal nature of the business
At least 125% of the loan amount (130% for individuals associated with the bank). The following can be accepted as collateral for the loan:
1. Pledge of movable and immovable property;
2. Guarantees and sureties of third parties;
3. Pledge of funds, including deposits;
4. Insurance policy against credit default risks;
5. Pledge of equipment;
6. Other types of collateral as provided by the current legislation of the Republic of Uzbekistan, the Credit Policy of AО "APEX BANK," and other local bank regulations.
Legal entities and individual entrepreneurs carrying out financial and economic activities for at least 6 months and meeting the following requirements:
1. Availability of a deposit account in JSC "APEX BANK";
2. Having a positive or good credit history;
3. Availability of a liquid balance sheet and profitable activity;
4. Availability of stable business turnover on deposit accounts for at least 6 months;
5. Availability of permits, if the activity provides for them (licenses, certificates, opinions, etc.);
6. Not in the process of bankruptcy or litigation, and having a stable current and prospective financial position;
7. Availability of stable sources for repayment of obligations to banks;
8. The absence of outstanding overdue debt on previously conducted credit operations (principal or interest) with banks and non-bank credit institutions;
9. Lack of large stocks of finished non-liquid products;
10. The absence of beneficial owners in national and international sanctions lists.
*the interest rate depends on the change in the base rate of the Central Bank of the Republic of Uzbekistan and the cost of resources in the capital market, and for projects up to 500,000,000 sum (including), the interest rate is not lower than 30% per annum.
