| Month | Interest payment | Basic payment | Remaining Principal | Total Payments |
|---|---|---|---|---|
| Total: | 4 300 000 000.00 | 10 000 000 000.00 | 14 300 000 000.00 |
| Month | Interest payment | Basic payment | Remaining Principal | Total Payments |
|---|---|---|---|---|
| Total: | 4 300 000 000.00 | 10 000 000 000.00 | 14 300 000 000.00 |
Auto loan for individuals for the primary market
The Head Office, Banking Service Centers, Sales Offices, and Points of Sale of JSC “APEX BANK”
Purchase of new “HYUNDAI” brand vehicles supplied by the official dealer, JV LLC “HYUNDAI UZBEKISTAN”
Individuals — residents* of the Republic of Uzbekistan, aged from 18 to 70 years (inclusive) at the time of submitting the loan application;
Having income for a period of at least the last 6 months as of the date of application review, or having self-employed status.
1 business day after submission of the complete set of documents
An initial payment of at least 25% of the contractual value of the vehicle, in accordance with Appendix 1
Based on the Borrower’s financial standing, but not exceeding 75% of the contractual value of the vehicle being purchased
The national currency of the Republic of Uzbekistan — Uzbek sum
Up to 60 (sixty) months (in accordance with Appendix 1)
From 0% to 21.0% per annum, determined depending on the variables specified by the terms of the partnership program (in accordance with Appendix 1)
The principal interest rate is set at 40% per annum
Differentiated or annuity (annuity payment)
Repayment of the principal debt and payment of accrued interest shall be made on the 15th day of each month, starting from the month following the month in which the loan is disbursed.
However, if the loan is disbursed from the 1st through the 10th day of a calendar month, inclusive, the interest accrued for the month of disbursement shall be payable on the 15th day of that same month. In this case, repayment of the principal debt shall commence from the month following the month of loan disbursement, in accordance with the terms of the concluded loan agreement.
As a one-time, cashless payment, by transferring funds by the Bank to the seller’s bank account on the basis of the vehicle purchase and sale agreement, after the Borrower has paid the down payment for the vehicle being purchased from a demand deposit account with the Bank.
The loan shall be provided within 1 (one) business day from the date the Borrower fulfills all conditions necessary for the Bank to open the financing. The down payment may also be paid through the cash desks of other banks, provided that a receipt confirming the successful completion of the payment is submitted to the Bank.
Insurance of the collateral (movable property) against the risks of damage and loss for the entire loan term at the Borrower’s expense, in accordance with the terms of the insurance contract and the insurance rules of the insurance company
At least 125% of the loan amount
At least 130% of the loan amount for persons affiliated with the Bank
An insurance policy against the risk of loan non-repayment in an amount of at least 50% of the loan amount for the entire term of the loan agreement.
Pledge of property rights to the vehicle purchased using the loan funds, followed by execution of a pledge agreement after obtaining ownership rights
Not more than 75%
A positive credit history; absence of a credit history is also permitted;
No outstanding overdue debt on previously obtained loans as of the date of review of the loan application, according to reports from the credit bureau and other supporting documents/sources
Must have no outstanding debt according to the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan;
Must not be included in the “blacklist” of the Bank/banks or other organizations;
The Borrower’s employer must not be included in the Bank’s “blacklist” of legal entities
The ratio of the Borrower’s average monthly payments on all outstanding loans to the Borrower’s average monthly net income (after deduction of all taxes and other mandatory payments). The Borrower’s debt burden ratio must not exceed 50%, taking into account the loan being obtained.
Exceptions:
For Borrowers who were registered as self-employed for the first time less than 6 months prior to applying to the Bank, the debt burden ratio may not be taken into account and/or calculated, but this must not exceed 15% of the total number of outstanding loans issued by the Bank to individuals.
For other Borrowers, a debt burden ratio of up to 100% is permitted, but this must not exceed 15% of the total number of outstanding loans issued by the Bank to individuals.
Ratio of the total amount of the Borrower's main debt (limit) on consumer loans and (or) microloans to the amount of their average monthly income:
1. When using income confirmed by relevant documents and information, the ratio of debt to Borrower's income must not exceed:
8 times the amount, provided there is an opportunity to determine average monthly income and for Borrowers who are self-employed;
5 times the amount, in the absence of an opportunity to determine average monthly income, except for Borrowers who are self-employed.
2. For borrowers who are self-employed, the debt-to-income ratio must not exceed 8 times the amount.
Share of NPL for the product not exceeding 4% of the loan portfolio for the current credit product
Identity document (Passport / ID card / military ID card);
Vehicle purchase and sale agreement;
Self-employment certificate (via 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 from the balance and movement of funds in the bank account for at least the last 6 (six) months;
When determining the Borrower's average monthly income, the Bank uses information provided by the Borrower, as well as data from its own information systems, credit bureaus, and other official sources, provided there is a basis provided by law, including the Borrower's consent when required.
If necessary, the Bank reserves the right to request additional documents from the Borrower.
Documents for the property being pledged, the certificate of state registration (after vehicle registration) and the motor vehicle, and other documents if necessary;
For a Mortgagor who is married:
marriage certificate; document certifying the identity of the spouse;
consent of the spouse to transfer the collateral as security for credit obligations in the form prescribed by law and the Bank's internal documents;
The Bank reserves the right to request additional documents from the Pledgor.
Expenses for the insurance of the collateral shall be paid by the Borrower in the manner prescribed by the insurance contract. Expenses under the loan non-repayment risk insurance policy, if they are assigned to the Borrower under the terms of the selected program, as well as other mandatory expenses, are disclosed to the Borrower prior to the conclusion of the loan agreement and are taken into account when calculating the full value of the loan in accordance with the procedure established by law.
For this credit product, no more than one credit agreement may be concluded with a single Borrower.
