| 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 for the primary marke
- Central office, sales offices of JSC “APEX BANK”
- Purchase of new “JETOUR” and “SOUEAST” passenger vehicles supplied by the official dealer LLC “JETOUR SOUEAST AUTOMOTIVE CENTRAL ASIAN”
- Individuals – residents* of the Republic of Uzbekistan, aged 18 to 60 years (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
- Persons registered as self-employed
- Within 1 working day after submission of the complete set of documents
- Initial payment amount from 25% of the car’s contract price, according to Appendix 1
- Based on the Borrower’s creditworthiness, but not more than 75 percent of the contract price of the purchased car
- National currency of the Republic of Uzbekistan – UZS
- Provided in a lump sum in a non-cash form, by transferring funds by the Bank based on the car purchase agreement to the seller’s settlement account after the Borrower has paid the initial down payment for the purchased car from their demand deposit account at the Bank. The loan is provided within 1 (one) working day from the moment the Borrower fulfills all conditions required for the Bank to release the 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, determined based on variables specified by the terms of the partnership program
- The main interest rate is set at 40% (forty) percent per annum
- In equal monthly installments
- Monthly, starting from the month following the month of loan disbursement, in accordance with the terms of the concluded loan agreement
- Provided at the Borrower’s choice from the 5th to the 20th 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 by the Borrower to the insurance company’s account before the loan is provided, in accordance with the terms and conditions of the concluded insurance contract and the insurance organization’s rules
- The car purchased with loan funds
- When purchasing a car that will be delivered in the future, a loan default risk insurance policy is issued until the title documents for the purchased car are executed and transferred to the Bank as collateral. In this case, the Borrower reimburses the Bank’s expenses related to the loan default risk insurance in an amount calculated at 1% per annum of the collateral amount for 12 months, paid in a lump sum
- No more than 75%
- Positive credit history; absence of credit history is allowed
- No outstanding overdue debt on previously received loans as of the loan application review date, according to credit bureau reports and other supporting documents/sources
- No outstanding debt in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan
- Not listed in the “blacklist” of the Bank/banks or other organizations
- Borrower’s employer is not on the Bank’s legal entities blacklist
- The ratio of all average monthly payments on all active loans of the Borrower to their 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 new loan
Exceptions:
- For Borrowers who have been registered as self-employed for less than 6 months prior to applying to the Bank, the debt burden ratio (DBR) may be disregarded and/or not calculated, but not for 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 for more than 15% of the total number of outstanding loans issued by the Bank to individuals
- The share of NPL (non-performing loans) for the product must not exceed 4% of the loan portfolio under this credit product
- Identity document (Passport / ID card / Military service ID)
- Car purchase and sale agreement
- Certificate of self-employment (issued through the State Tax Committee)**
- If there is no income information about the Borrower from external services – an income certificate and/or a bank account statement showing balances and transactions for the last at least 6 (six) months must be provided
- 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 vehicle registration) and vehicle documents, and other documents if necessary
- For a Pledgor who is married: marriage certificate of the Pledgor; identity document of the Pledgor’s spouse (passport/ID card); statement from the Pledgor’s spouse confirming consent to provide the collateral as security for the loan obligations
- The Bank reserves the right to request additional documents from the Pledgor
- No more than one loan agreement
