Updated: 20-01-2023

Loan «Business spot»

up to 100 millions sum
loan amount
up to 28 %
interest rate
up to 36 months
loan term

Main Characteristics of the Proposed Product
Indicator	Value/Description
Client Segmentation	Business entities
Key Requirements for Loan Issuance	1. The borrower must have been operating as a business entity for more than 6 months; 2. Availability of a primary account opened in the system of JSC “Garant bank”; 3. Good credit history: • No overdue debt; • No outstanding balances on loans subject to legal claims, including principal and interest amounts transferred to off-balance sheet accounts; • Credit Information Analysis Center (KIAC) score above 200 points; • No active loans classified as "unsatisfactory," "doubtful," or "hopeless"; • No overdue liabilities from affiliated companies within the system of JSC “Garant bank”. For loans obtained within the last 12 months: • No more than five overdue payments exceeding 60 days; • No more than two overdue payments exceeding 90 days. 4. The charter capital must be fully formed by the founders within the legally established period (not required for individual entrepreneurs); 5. The financial performance report (Form No. 2) for the latest reporting period (annual or quarterly) must not show a loss (not required for individual entrepreneurs); 6. Availability of positive working capital (not required for individual entrepreneurs); 7. No debts under File No. 2; 8. Absence of any debts subject to enforcement under an executive case initiated by the Bureau of Compulsory Enforcement.
Loan Issuance Method	closed credit line
Maximum Loan Amount	Up to 100,000,000 (one hundred million) UZS
Loan Amount Determination	1. Up to 50% of the client’s turnover in JSC “Garant bank” over the past 12 months; 2. Up to 25% of the client’s total turnover in JSC “Garant bank” and other banks over the past 12 months (for new clients who switched from another bank).
Loan Term	Up to 36 months
Grace Period	Not applicable
Loan Purpose	No specific purpose required
Loan Currency	National currency (UZS)
Loan Disbursement Method	Transfer of funds to the client’s primary account in JSC “Garant bank” or in cash from the Bank’s cash desk
Minimum Interest Rate on the Loan	Up to 12 months – 28%; Up to 24 months – 29%; Up to 36 months – 30%. *These rates may be subject to change based on the decision of the Liquidity and Resources Management Committee.
Types of Acceptable Collateral	1. Insurance policy; 2. Third party guarantee; 3. Other types of collateral not prohibited by law or the Bank’s internal procedures.