Primary market car loan for individuals

Central office, sales offices of JSC "AREX BANK"

Acquisition of new "Changan" "Deepal" brand passenger cars "Nevo" supplied by the official dealer: "RUNKING MOTOR" LLC

Individuals - residents* of the Republic of Uzbekistan, aged 18 to 70 years (including), at the time of loan application submission
Officially employed and having official income for the period of at least the last b months as of the application review date
To persons registered as self-employed

Within 1 working day, after submitting the full package of documents

The amount of the down payment from 25% of the contract value of the car according to Appendix No. 1

Based on the Borrower's solvency, but not more than 75 percent of the contact value of the purchased vehicle

National currency of the Republic of Uzbekistan — UZS

At the same time, in non-cash form, by transferring funds by the Bank to the seller's settlement account based on the car purchase and sale agreement, after the Borrower pays the initial payment amount for the purchased car from the Bank's demand deposit account. The issuance of a loan is carried out within 1 (one) business day from the moment the Borrower fulfills all the conditions necessary for the Bank to open financing. At the same time, the initial payment may be made through the cash desks of other banks, provided that a receipt confirming the successful completion of the payment is submitted to the Bank

Up to 60 (sixty) months (according to Appendix 1)

From 0 to 22% per annum, depending on the variables determined by the terms of the partnership program

The base interest rate is set at 40% (Forty) percent per annum

Differentiated or Annuity

Monthly, starting from the month following the month in which the loan was issued in accordance with the terms of the concluded loan agreement

Is provided to the borrower for their choice from the 1st to the 15th of each month inclusive

Insurance of collateral (movable property insurance) for the entire loan term
Insurance of loan default risk for the entire loan term
Insurance premiums for the risk of non-repayment of the loan and insurance of movable property are paid at the expense of the Borrower at a time multiple of the loan term, to the account of the insurance company before the provision of the loan, in the manner and on the terms of the concluded insurance contract and the insurance rules of the insurance organization

Full-term loan insurance policy
Mortgage of movable property acquired through credit funds

Not more than 75%

At least 125% of the loan amount
Not less than 130% of the loan amount for bank affiliates

Positive credit history, no credit history is allowed
The absence of outstanding overdue debt on previously received loans as of the date of consideration of the loan application, according to the reports of the credit bureau and other supporting documents/sources

Having no debt on the basis of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan
No bank/banks or other organizations in the "blacklist"
Absence of the Borrower's employer in the Bank's list of legal entities

The ratio of all average monthly payments on all current loans of the Borrower to their average monthly net income (excluding all taxes and other mandatory payments), while the Borrower's debt burden ratio, taking into account the loan received, should not exceed 50%

Exceptions:
For Borrowers registered as self-employed for the first time less than 6 months before applying to the Bank, the CDN indicator may not be taken into account and/or calculated, but not more than 15% of the total amount of outstanding loans issued by the bank to individuals. For the remaining Borrowers, KDN is allowed up to 100%, but not more than 15% of the total amount of outstanding loans issued by the Bank to individuals

Product NPL share not exceeding 4% of the loan portfolio for this credit product

Identity document (Passport/Yu card/Military ID)
Car purchase and sale agreement
Self-employment certificate (through the state tax committee)
In the absence of information on the Borrower's income according to external services - it is necessary to provide a certificate of income and/or an extract on the balances and movement of funds in the bank account for at least the last b (six) months
If necessary, the Bank reserves the right to request additional documents from the Borrower

Documents for the property provided as collateral, certificate of state registration (after registration of the vehicle) and motor vehicle, and other documents, if necessary
For a Mortgagor who is married: the Mortgagor's marriage certificate; a document certifying the identity of the Mortgagor's spouse (passport/Southern card); an application from the Mortgagor's spouse for consent to the provision of the mortgaged property as security for the fulfillment of loan obligations
The Bank reserves the right to request additional documents from the Mortgagor.Documents for the property provided as collateral, certificate of state registration (after registration of the vehicle) and motor vehicle, and other documents, if necessary
For a Mortgagor who is married: the Mortgagor's marriage certificate; a document certifying the identity of the Mortgagor's spouse (passport/Southern card); an application from the Mortgagor's spouse for consent to the provision of the mortgaged property as security for the fulfillment of loan obligations
The Bank reserves the right to request additional documents from the Mortgagor

Reimbursement of the Bank’s expenses related to insurance of the risk of loan non-repayment, in an amount determined based on an annual calculation from the amount of collateral for 12 months, shall be paid by the Borrower as a one-time payment

Under this credit product, no more than one loan agreement may be concluded with one borrower within one year