| Interest payment | Basic payment | Remaining Principal | Total Payments | |
|---|---|---|---|---|
| Total: | 10 000 000 000.00 | 4 300 000 000.00 | 14 300 000 000.00 |
Car loan for individuals in the primary market
Central office, sales offices and retail outlets of «APEX BANK» JSC
Purchase of new «Mercedes-Benz» passenger cars supplied by the official dealer: «SARDOR AVTO INVEST»
- Individuals – residents* of the Republic of Uzbekistan, aged from 21 to 60 (inclusive), at the time of submitting the loan application,
- Officially employed and having an official income for at least the last 6 months as of the application review date, or having the status of self-employed.
- Minimum wage (MW) in sums effective on the date of submitting the loan application
Within 1 business day after submission of the complete set of documents
- Initial payment of at least 50% of the contract value of the car
National currency of the Republic of Uzbekistan – UZS
In a one-time non-cash form, by transferring funds by the Bank based on the car supply/sale contract to the seller’s settlement account after the Borrower pays the initial payment amount for the purchased car from the demand account in the Bank. The loan is provided within 3 (three) business days from the moment the Borrower fulfills all the conditions necessary for the Bank to open financing
- 12 months
- 18 months
- 24 months
- 0,0%**
- 0,0%**
- In equal monthly installments
- Monthly, starting from the month following the month of loan issuance, in accordance with the terms of the concluded loan agreement
- Provided at the borrower’s choice from the 5th to the 25th day of each month inclusive
- Insurance of the collateral (property insurance) against all types of risks for the entire term of the loan agreement
- The insurance premium under the insurance contract is paid at the expense of the borrower’s funds to the account of the insurance company before the loan is provided, in the manner and under the conditions stipulated by the concluded insurance contract and the insurance rules of the insurance organization
- The car purchased with loan funds;
- Insurance policy against the risk of non-repayment of the loan until the title documents for the purchased car are executed and transferred to the Bank as collateral of at least 134% of the loan amount, in case the car will be delivered in the future.
- At least 134% of the loan amount
- Positive credit history, absence of credit history is also acceptable;
- No outstanding overdue debt on previously obtained loans as of the date of review of the loan application, according to credit bureau reports and other supporting documents/sources.
- No debt in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan;
- Not included in the “blacklist” of the Bank/banks or other organizations;
- The borrower’s employer is not included in the Bank’s blacklist of legal entities.
- The ratio of all average monthly payments on all active loans of the borrower to his average monthly net income (after deduction of all taxes and other mandatory payments), while the borrower’s debt burden ratio must not exceed 50%, taking into account the loan being obtained. Exceptions:
- For borrowers who have been registered as self-employed for the first time less than 6 months before applying to the Bank, the DBR may not be taken into account and/or calculated, but not more than 15% of the total number of outstanding loans issued by the bank to individuals.
- For other borrowers, a DBR of up to 100% is allowed, but not more than 15% of the total number of outstanding loans issued by the Bank to individuals.
- The share of NPL for the product must not exceed 3% of the loan portfolio for this loan product
- Identity document;
- Car sale and purchase agreement;
- Certificate of self-employment (through the State Tax Committee);
- In the absence of information about the borrower’s income from external services – an income certificate and a statement of balances and movement of funds on the bank card account for the last 6 (six) months;
- If necessary, the Bank reserves the right to request additional documents from the borrower.
- Documents for the property pledged, certificate of state registration (after car registration) and vehicle registration certificate, and other documents if necessary;
- For the Pledgor who is married: the Pledgor’s marriage certificate; the identity document of the Pledgor’s spouse (passport/ID card); a statement from the Pledgor’s spouse giving consent to pledge the property as security for the loan obligations;
- The Bank reserves the right to request additional documents from the Pledgor.
