Primary market car loan for individuals

Central office, sales offices of "APEX BANK" JSC

Purchase of new "Mercedes-Benz" and "CHANGAN" brand passenger cars supplied by the official dealer: "SARDOR AVTO INVEST" FE

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 6 months on the date of consideration of the application, or having the status of a self-employed person

Minimum wage (MWR) in UZS, valid on the date of loan application submission

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

The amount of the down payment is not less than 50% of the contract value of the car

National currency of the Republic of Uzbekistan – UZS

Simultaneously, in non-cash form, by transferring funds by the Bank to the seller's settlement account based on the vehicle delivery/purchase and sale agreement, after the Borrower pays the initial payment amount for the purchased vehicle from the Bank's demand deposit account. The provision of a loan is carried out within 1 (one) working day from the moment the Borrower fulfills all the conditions necessary for the Bank to open financing

Up to 48 months

From 0% to 23%

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

Equal monthly installments

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 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 from the borrower's funds to the insurance company's account before the loan is granted, in the manner and under the terms of the concluded insurance contract and the insurance organization's insurance rules

Car purchased with credit funds
Insurance policy of the risk of non-repayment of the loan until the date of registration of the rights-establishing documents for the purchased car and transfer to the Bank as collateral of at least 134% of the loan amount, in the event of the purchase of the car, which will be received in the future

Not more than 75%

Not less than 125% of the loan amount
Not less than 130% of the loan amount for persons affiliated with the bank

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"
The absence of the Borrower's employer in the bank's blacklist 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 exceeding 15% of the total amount of outstanding loans issued by the bank to individuals. for the remaining Borrowers, the CDN is allowed up to 100%, but not more than 15% of the total amount of outstanding loans issued by the Bank to individuals

Identity document
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 an extract on the balances and movement of funds in 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 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; the identity document of the Mortgagor's spouse (passport/ID card); the Mortgagor's spouse's application 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