MICROLOAN

The microloan is disbursed in cash or by transferring to a borrower's plastic card in the national currency for a period of 12 months up to 50 million soums.

Percentage:

 In cash:  up to 12 months - in the amount of not less than 28% per annum              

 By plastic card: up to 12 months - in the amount of not less than 27% per annum 

 For employees of the budget organization, which are owners of plastic cards with salaries opened in the Microcreditbank ATB system: up to 18 months – not less than 22 percent per annum (by plastic card)                  

Required documents

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

ONLINE MICROLOAN

Online microcredit - a type of remote lending to plastic cards opened by JSCB "Microcreditbank" in the framework of the salary project.

Online microloan is issued by the bank in cashless form to the bank card through the application "MKB Mobile" in the national currency - "soum" for a period of up to 3 months.

The main part of the online microloan is issued on the condition of repayment on the last thirtieth day of use. In this case, the bank must be used within 3 working days after the approval of the offer by the client, if not used by the client, the contract is terminated the next day.

Online microloan annual percentage rate: 24%

 Issued for up to 3 months.

    Basic requirements for obtaining a loan:

    1. The debtor has no overdue debts on other loans

    2. To have a continuous salary receipt by bank card for the last 4 months

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 - 24%;
• Loan amount - up to 3-fold average monthly salary.

  For employees of the budget organization, which are owners of plastic cards with salaries opened in the Microcreditbank ATB system: up to 12 months – an annual rate of not less than 22 percent

Required documents

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

Terms of loan

Loan period - 12-36 months;

• Up to 36 months - not less than 28% per annum

    – Amount of loan - up to 150-fold minimum wages.

  For employees of the budget organization, which are owners of plastic cards with salaries opened in the Microcreditbank ATB system: up to 36 months – an annual rate of not less than 20 percent

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 - 20 years;
• Interest rate - 18% in Tashkent, 17% 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.

The bank provides mortgage loans for the purchase of apartments in multi-storey buildings in the primary market at its own expense:

   Loan term - 5-7 years (initial payment 25%);

 Loan interest rate - for 5 years - not less than 23%, for 7 years - not less than 24%

List of required documents:

– copy of passport (or passport replacement document);

– documents confirming the financial condition of the debtor and partner debtors (income statement for the last 12 months);

– initial purchase and sale agreement;

– extract from the statement of the regional commission on the attachment of the apartment to the applicant (for apartments in multi-storey affordable housing);

Mortgage loans for the construction and reconstruction of individual housing

     Purpose of the loan: For construction and reconstruction of individual houses. At the same time, loans are provided to individuals for the construction and reconstruction of individual housing on land plots allocated for housing construction in the manner prescribed by law.

     Loan term: up to 20 years

    Grace period for principal (in the case of differential payment): up to 6 months

    Interest rate: 18% per annum

     Starting fee: in all regions - 15%

     Form of loan repayment: Annuity / differential

     Maximum loan amount:

• In rural areas: 267,750,000 soums;
• In cities: 309,400,000 soums.

       General requirements for the client:

• be a citizen of the Republic of Uzbekistan who has reached 18 years of age and not more than 60 years of age on the day of applying for a mortgage loan;
• the debt burden (taking into account the subsidy to cover part of the interest costs on the mortgage loan) should not exceed 70%;
• absence of overdue indebtedness on previously obtained loans from banks and other credit institutions at the time of loan review;
• have the right of lifelong possession of the land plot for individual housing construction (reconstruction) and design estimates agreed upon in the prescribed manner.

      Documents submitted by the borrower:

• ID card or passport and passport replacement document. A copy of the passport is also required if the client presents a military ID for military personnel;
• Income documents / electronic information;
• Document confirming the right to a plot of land for individual housing construction (permanent use, inherited lifelong possession);
• Design and estimate document for housing construction, approved in the manner prescribed by law;
• Contract with a contractor for construction work / purchase of construction products / with hired workers registered as self-employed (in an amount not exceeding the value specified in the design and estimate documentation);
• other relevant documents specified in the legislation may be required.

 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.

For employees of the budget organization, which are owners of plastic cards with salaries opened in the Microcreditbank ATB system: up to 48 months – an annual rate of not less than 20 percent

 Interest rate:

• Up to 36 months - not less than 27% per annum

EDUCATION LOANS

  Students of Universities recommended or accepted to study on the basis of payment-contract in the direction of Bachelor's degree and master's degree are given a training loan in the form of full-time education, as well as to citizens of the Republic of Uzbekistan.

  Lending conditions:

• Up to 15 years (seven years, taking into account the period of study in higher education institutions, starting from the seventh month after the end of the student's official education)
• Interest: in the amount of the base rate of the central bank
• Family members of the borrower (parents, brothers, sisters, husband or wife) or guardians who have a permanent source of income can act as borrowers together in the education loan agreement;
• Together, borrowers should not exceed 3 people.

   Loan provision:

  In the amount of at least 125% of the loan amount, the following types of collateral can be stipulated:

• Securing property;
• Guarantee of third party;
• Risk of non-repayment of the loan insurance policy;
• Deposit and gold jewelry;
• Other types of supply provided for by legislation.

    Required documents:

• application for education credit;
• payment-contract between the formalized student and the higher education organization in accordance with the established procedure-contract on the basis of the contract (contract) and the attached invoice/invoice (if any) (the contract (contract) shall specify the expiry date of study and the amount of payment for the year);
• Passport and passport replacement certificate or document. If the client provides a military ticket for servicemen, a copy of the passport is also required;
• electronic data on income documents;
• other relevant documents specified in the legislation may be required.