Car loan for individuals for the primary market

Central office and sales offices of “APEX BANK” JSC

Purchase of new passenger vehicles of the “Porsche” brand supplied by the official dealer: "ORBIS CARS PREMIUM" LLC

Individuals – residents of the Republic of Uzbekistan*, aged from 18 to 70 years (inclusive) at the time of submitting a loan application
Officially employed and having official income for at least the last 6 months as of the application review date
Persons registered as self-employed

Within 1 business day after submission of the complete set of documents

Initial payment of at least 25% of the vehicle’s contract price, according to Appendix 1

Based on the Borrower’s ability to pay, but not exceeding 75 percent of the contract price of the purchased vehicle

National currency of the Republic of Uzbekistan – UZS

One-time, non-cash form, by transferring funds by the Bank to the seller’s account based on the vehicle purchase agreement, after the Borrower has paid the initial payment for the purchased vehicle from their demand deposit account in the Bank
The loan is provided within 1 (one) business day from the moment the Borrower fulfills all conditions required for the Bank to release the financing

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

From 0% to 24% per annum, determined depending on variables defined by the terms of the partnership program

The main interest rate is set at 40% (forty) per annum

Differentiated or Annuity

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 1st to the 15th day of each month inclusive

Insurance of the collateral (movable property) against risks of damage and loss for the entire loan term at the Borrower’s expense, under the terms of the concluded insurance contract and the insurance organization’s rules

Credit default risk insurance policy for the entire loan term
Collateral of movable property purchased with loan funds, which will be received in the future (property rights)

Not more than 75%

At least 125% of the loan amount
At least 130% of the loan amount for persons related to the bank

Positive credit history; absence of a credit history is also allowed
No outstanding overdue debt on previously obtained loans as of the date of loan application review, according to credit bureau reports and other supporting documents/sources

Persons without debt in the database of the Enforcement Bureau of the Republic of Uzbekistan
Not on the “Blacklist” of the Bank/banks or other organizations
Borrower’s employer 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 all taxes and other mandatory payments), with the Borrower’s debt-to-income (DTI) ratio not exceeding 50% taking into account the loan to be received
Exceptions:
for Borrowers newly registered as self-employed less than 6 months prior to applying to the Bank, the DTI may not be considered and/or calculated, but not more than 15% of the total number of outstanding loans issued by the Bank to individuals
for other Borrowers, DTI up to 100% is allowed, but not more than 15% of the total number of outstanding loans issued by the Bank to individuals

The ratio of the total principal debt on the Borrower’s consumer loans and/or microloans to their average monthly income:
1. when using income confirmed by relevant documents and information, the Borrower’s debt-to-income ratio should not exceed:
– 8 times, if average monthly income can be determined
– 5 times, if average monthly income cannot be determined, except for self-employed Borrowers
2. for self-employed Borrowers, the debt-to-income ratio should not exceed 8 times

The NPL ratio for the product should not exceed 4% of the loan portfolio for this credit product

Identity document (Passport/ID card/military ID)
Vehicle purchase agreement
Self-employment certificate (via the State Tax Committee)**
If information on the Borrower’s income is not available from external services – a certificate of income and/or a bank statement showing balances and transactions for at least the last 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 other documents if necessary
For a Collateral Provider who is married: Collateral Provider’s marriage certificate; identity document of the Collateral Provider’s spouse (passport/ID card)
Statement from the Collateral Provider’s spouse consenting to provide the collateral to secure the Borrower’s loan obligations
The Bank reserves the right to request additional documents from the Collateral Provider

Reimbursement of the Bank’s expenses related to credit default risk insurance is paid by the Borrower in a one-time payment

No more than one loan agreement for this credit product may be concluded with one Borrower within a year