| 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 passenger cars manufactured by JSC «UzAutoMotors»
– Individuals – citizens 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 from their activities for at least the last 6 months as of the date of application review, including regular inflows of funds to bank accounts, including bank card accounts, for at least the last 6 months as of the date of application review; or
– Having the status of self-employed and a permanent income, including regular inflows of funds to bank accounts, including bank card accounts, for at least the last 6 months as of the date of application review
2 000 000,0 UZS
Up to 3 business days after submission of the complete set of documents
– Initial payment of at least 25% of the contract value of the car
– No more than 75% of the contract value of the purchased car
20 000 000 UZS
National currency of the Republic of Uzbekistan – UZS
– In a one-time non-cash form, by transferring funds by the Bank in accordance with the sale and purchase agreement provided by the Borrower, to the seller’s settlement account after payment of the initial installment for the purchased car;
The loan is provided in two tranches:
– The Bank transfers to the supplier’s account both the Borrower’s funds (own contribution) and the loan amount, which together constitute 100% of the value of the vehicle, within 3 (three) business days from the moment the Borrower fulfills all the conditions necessary for the Bank to open financing.
From 6 months to 60 months
Not available
– 27.99% per annum, with an initial payment of at least 25% of the contract value of the car
– 28.99% per annum, with an initial payment of at least 25% of the contract value of the car
– 27.99% per annum, with an initial payment of at least 30% of the contract value of the car
– Interest rate on the current debt increased 2 (two) times
Annuity payment
– Monthly, starting from the month following the month of loan issuance, in accordance with the terms of the concluded loan agreement
– Insurance against the risk of loan non-repayment until the title documents for the purchased car are executed and transferred to the Bank as collateral, in an amount of at least 133.3% of the loan amount;
– 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 borrower’s expense to the insurance company’s account before the loan is provided, in accordance with the concluded insurance contract and the insurance rules of the insurance organization.
– The car purchased with loan funds;
– Insurance policy against the risk of loan non-repayment until the title documents for the purchased car are executed and transferred to the Bank as collateral, in an amount of at least 133.3% of the loan amount.
– At least 133.3% 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 signs of problem loans on all previously obtained loans.
– 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;
– For self-employed: continuous experience as a self-employed person in the relevant activity for at least 6 months in the last 12 months.
– The ratio of all average monthly payments on all active loans of the Borrower to their average monthly net income (after deducting all taxes and other mandatory payments). The Borrower’s debt burden ratio must not exceed 50% including the new loan (calculation example: average monthly payments on all active loans / average monthly net income * 100 = n% debt burden).
– The NPL ratio for the product must not exceed 3% of the loan portfolio under this credit product.
– Identity document;
– Document confirming the right to drive a vehicle of the relevant category;
– Vehicle supply/purchase agreement;
– Self-employment certificate (through the State Tax Committee); document confirming payment of social tax;
– Statement of balance and account movements (including bank card account) for the last 6 months from the bank where the Borrower’s account is opened;
– If necessary, the Bank reserves the right to request additional documents from the Borrower.
– Documents for the property pledged, certificate of state registration (after vehicle registration) and vehicle documents, and other documents if necessary;
– For the Pledgor who is married: marriage certificate of the Pledgor; identity document of the spouse of the Pledgor (passport/ID card); statement from the spouse of the Pledgor confirming consent to pledge the property as collateral for the fulfillment of loan obligations;
– The Bank reserves the right to request additional documents from the Pledgor.
– Reimbursement of the Bank’s expenses related to credit default risk insurance in the amount determined at the rate of 1% per annum of the collateral amount for 12 months, payable in a lump UZS
– Not more than 25% of the loan portfolio
– Not more than one loan agreement
