MICROLOAN

Microloan- This is a convenient and affordable way to quickly get the right amount for any purpose. A microloan is issued by the Bank in non-cash form by crediting funds to a plastic card or in cash at the bank's cash desk in an amount not exceeding 100 times the minimum wage.

Terms of loan

• Duration - 12 months
• Annual interest rate:   In cash – 34%  On a plastic card – 32%

Required documents

• Borrower's passport;
• Documents on collateral;
• Description indicating the place of residence and family composition from the MFI
• Income statement

Overdraft is provided to employees of enterprises and organizations serviced by the Mikrokreditbank of Uzbekistan to salary plastic cards for personal needs.

Terms of loan

• Loan period - 12 months;
• Interest rate - 30%;
• Loan amount - up to 3-fold average monthly salary.

Required documents

• borrower's passport;
• duly executed certificate of income issued by the Employer;
• other documents providing loan repayment.

Terms of loan

• Loan period - 36 months;
• Interest rate - starts at 28% per annum;

Amount of loan - up to 150-fold minimum wages (loans up to 100-fold minimum wages are issued guaranteed by the third party and certificate of insurance, loans over 100-fold minimum wages are issued charged upon property); 

Items subject to loan

Loans are provided for consumer needs in the following types of goods and services within the Republic of Uzbekistan:

• purchase of household utensils;
• purchase of household wares;
• purchase of office equipment and household appliances;
• payment for medical services;
• purchase of construction materials;
• repair of high-rise apartments and flats;
• wedding ceremonies and other events;
• payment for installation of methane, propane or natural gas equipment to vehicle;
• purchase of wheelchairs and other accessories for health rehabilitation;
• for other purposes in a manner provided by the law.

MORTGAGE LOAN

Terms of loan

• Loan term - 15 years;
• Interest rate - up to 20% (21% in Tashkent, 20% in rural areas).

Required documents

• Citizen's Identity Card (original passport);
• Income Statement for the last 12 months;
• The contract with the building contractor for the purchase of an apartment.

 CAR LOAN

Car loans are provided to citizens of the Republic of Uzbekistan on the following conditions for the purchase of auto transport:

Loan term: for a period of up to 3 years without the right to extend the term;

Initial payment: not less than 30% of the vehicle's value.

 Interest rate: 

• 30% per annum – with an initial payment of not less than 30% of the value of the vehicle; 
• 28% per annum – with an initial payment of not less than 40% of the value of the vehicle; 
• 26% per annum – with an initial payment of not less than 50% of the value of the vehicle;

EDUCATION LOANS

Education loans are provided for the education of students in higher educational institutions of the Republic of Uzbekistan on a full-time and contract by contract basis.

Terms of loan

• 24 % per annum for credits with tenor of 1 years
• 28 % per annum for credits with tenor of 3 years

Required documents

• borrower's passport or other identity document;
• duly executed certificate of income issued by the Employer;
• duly executed agreement (contract) on education on a contract by contract basis between the
• student and the educational institution;
• other documents providing loan repayment.