Legal entities and individual entrepreneurs conducting financial and business activities for at least 6 months from the date of state registration.

Small, medium and large businesses.

Acquisition and expansion (modernization) of fixed assets (property complexes, equipment, vehicles, and other movable and immovable property) through payments under local and foreign trade agreements/contracts/invoices (excluding payment of overdue accounts payable), including by converting the loan funds, as well as refinancing loans previously issued by another bank for the acquisition of fixed assets.

Loan without opening a credit line;
A framework credit line with a General Agreement establishing a credit limit (hereinafter referred to as the "GA"), under which loans may be provided for the acquisition of fixed assets.

In non-cash form, by transferring funds to the settlement account of the supplier/seller of fixed assets in accordance with the supply/sale and purchase agreement, as well as, when refinancing a previously issued loan, by transferring funds to an account with another bank after the loan security has been formalized.

No more than 10 (ten) business days from the date of full submission of the complete set of documents for the loan and its security.

National currency of the Republic of Uzbekistan — Uzbek soum.
Foreign currency — US dollars, Euros.

Financing of individual entrepreneurs in foreign currency is not permitted.

The loan amount depends on the financial condition of the business entity, turnover on deposit accounts, business volume, sources of loan repayment, and the collateral provided, and may not exceed 70% of the total value of the financed project.
The maximum permissible loan/credit line amount is limited by the Bank’s established risk appetite and credit risk limit and may not exceed 15% of the Bank’s Tier 1 capital for a single borrower or a group of related borrowers.

The Borrower is required to contribute its own funds in an amount of at least 30% of the project cost (except for refinanced projects). If the project provides for financing goods (works, services) through payment under an import contract, such payment must be made, including from the Borrower’s own funds.

Payments under import contracts are made using payment methods that guarantee the delivery/arrival of the goods/works/services under such contracts. An advance payment under an import contract may be made from loan funds in an amount of no more than 30%, while the remaining 70% (or the full 100%) of the amount is paid after the complete delivery/provision of the goods/works/services.

No more than 60 months from the date of conclusion of the loan agreement/GA, and is determined individually for each project based on the project’s payback period in accordance with the calculations in the business plan/feasibility study.

No more than 30 (thirty) days from the date of conclusion of the loan agreement (individual loan agreement under the GA). The loan availability period may be established individually for each project based on the payment terms under the supply agreements.

For projects in national currency — from 25% per annum
For projects in foreign currency — from 12.99% per annum

The applicable interest rate increased by 1.5 times.

No more than 12 (twelve) months from the date of loan disbursement.
The grace period is determined by the specific features of the financed project.

Monthly / quarterly / semi-annual payments, as well as individually, depending on the borrower’s projected cash flows. The principal repayment amount and date are agreed upon in the individual loan agreement/loan agreement. Repayment is made in the loan currency.

Monthly / quarterly / semi-annual payments, as well as individually, depending on the borrower’s projected cash flows. The interest repayment amount and date are agreed upon in the individual loan agreement/loan agreement. Repayment is made in the loan currency.

Early repayment (partial or full) is allowed without charging a commission.

Availability of a deposit account with APEX BANK JSC;
No bad (negative) credit history;
Availability of a liquid balance sheet and profitable operations;
Stable turnover from business activities through deposit accounts for at least 6 months;
Availability of valid permits (licenses, certificates, approvals, conclusions, etc.) issued by an authorized state body for conducting the relevant activities, if required;
Not being in bankruptcy or litigation and having a stable current and prospective financial position;
Availability of predictable and stable sources for repayment of obligations to banks;
No outstanding overdue debt (principal or interest) from previous credit transactions with banks and non-bank credit organizations;
No activities related to the legalization of proceeds from criminal activities, terrorist financing, or financing the proliferation of weapons of mass destruction;
The business entity, its managers and beneficial owners must not be included in national or international sanctions lists;
For projects in foreign currency — foreign-currency revenue for legal entities is preferred. Legal entities without foreign-currency revenue, or whose foreign-currency revenue is insufficient to service the requested loan, must have monthly cash inflows at least 1.5 times higher than their monthly obligations under the foreign-currency loan;
No outstanding debt under Card File No. 2 — “Payment documents not paid on time”.

At least 125% of the loan amount (130% for persons related to the Bank).
The following may be accepted as loan security:
Pledge of movable and immovable property;
Guarantees and sureties from third parties;
Pledge of funds, including deposits;
Insurance policy covering the risk of loan non-repayment;
Pledge of equipment;
Other types of security provided for by the applicable legislation of the Republic of Uzbekistan, the Credit Policy of APEX BANK JSC, and other internal regulatory documents of the Bank.

For pledge of immovable property:
production facilities;
office premises;
warehouse and retail premises;
catering premises;
residential houses and apartments, provided that they are not the pledgor’s only residence and there are no registered persons residing there;
other immovable property.

For pledge of movable property:
motor vehicles manufactured no more than 5 years ago;
special-purpose vehicles manufactured no more than 5 years ago;
equipment manufactured no more than 5 years ago.

Other requirements stipulated by the applicable legislation of the Republic of Uzbekistan, the Credit Policy of APEX BANK JSC, and other internal regulatory documents of the Bank.

The NPL ratio for this product must not exceed 2% of the legal entities’ loan portfolio under this credit product.

Loan application in the Bank’s prescribed form
Legal documents (charter; founders’ agreement; state registration certificate).
For the Borrower’s founders: passports/ID cards of founders — for individuals; legal documents — for legal entities. (For individual entrepreneurs: state registration certificate and passport/ID card);
Minutes of the meeting and founders’ decision on obtaining the loan, providing security, and authorizing the director/responsible persons to sign loan and collateral documentation (not required for individual entrepreneurs);
Passports/ID cards and appointment orders of persons authorized to sign loan documentation and other Borrower documents (not required for individual entrepreneurs);
Financial statements (for legal entities — balance sheet and statement of financial results; for individual entrepreneurs — tax return) for the last completed financial year and interim financial statements as of the latest quarter-end date;
Breakdown of accounts receivable and payable as of the latest quarter-end date (specifying the counterparty, amount, reason for occurrence, date of occurrence, and measures taken to collect the debt) (not required for individual entrepreneurs);
If there are outstanding loans/borrowings/leasing obligations, information on these obligations with the relevant agreements and repayment schedules attached;
Statement of cash flows on accounts opened with other banks for the last 12 months, information on loan liabilities (loans, guarantees, letters of credit, leasing and other financial obligations), and the presence/absence of debt under Card File No. 2 (if deposit accounts are held with other banks; information on Card File No. 2 debt is provided only by the bank servicing the main deposit account). Detailed account transaction information (cash balances, debit and credit turnover, counterparty name, payment purpose) may also be provided by the client by extracting it from remote banking channels (bank-client);
Agreements (drafts) for the purchase of goods/works/services to be paid for using the loan;
Business plan/feasibility study indicating cash flows during the loan period;
Sales agreements (agreements/letters of intent);
Documents related to loan security;
Other documents that the Bank may request during the loan review process.

Owner’s passport/ID card
Documents relating to the property provided as collateral, including sale and purchase agreements, cadastral documents for immovable property, state registration certificates for motor vehicles and special-purpose equipment, and other documents;
Report of an independent appraisal organization determining the market value of the property provided as collateral;
Consent of the property owner’s spouse for collateral formalized with the Bank;
Other documents that the Bank may request during the product review process.

Guarantor’s legal documents (charter, founders’ agreement, state registration certificate);
Passports/ID cards and appointment orders of persons authorized to sign the guarantee agreement or other internal documents;
Signature specimen card from the guarantor’s bank;
Meeting minutes and founders’ decision on providing a guarantee for the loan and authorizing the director/responsible persons to sign the guarantee agreement;
Founders’ passports/ID cards — for individuals;
Founders’ legal documents — for legal entities;
Financial statements (balance sheet, statement of financial results) for the last financial year and interim financial statements as of the latest quarter-end date;
Breakdown of accounts receivable and payable as of the latest quarter-end date (specifying the counterparty, amount, reason for occurrence, date of occurrence, and measures taken to collect the debt);
If there are outstanding loans/borrowings/leasing obligations, information on these obligations with the relevant agreements and repayment schedules attached;
Statement of cash flows on accounts opened with other banks for the last 12 months, information on loan liabilities (loans, guarantees, letters of credit, leasing and other financial obligations), and the presence/absence of debt under Card File No. 2 (if deposit accounts are held with other banks; information on Card File No. 2 debt is provided only by the bank servicing the main deposit account). Detailed account transaction information (cash balances, debit and credit turnover, counterparty name, payment purpose) may also be provided by the guarantor by extracting it from remote banking channels (bank-client).
Other documents that the Bank may request during the loan review process.