Updated: 20-01-2023

Loan "Business GO"

up to 1 billion UZS
loan amount
up to 28 %
interest rate
up to 60 months
loan term

Main Characteristics of the Proposed Product
Indicator	Value/Description
Client Segmentation	Individual entrepreneurs
Key Requirements for Loan Issuance	1. Availability of a primary or secondary account in the system of JSC “Garant bank”; 2. Good credit history; 3. No debts under File No. 2; 4. Absence of any debts subject to enforcement under an executive case initiated by the Bureau of Compulsory Enforcement.
Requirements for a Good Credit History	1. No overdue debt; 2. No outstanding loan balances subject to litigation, including principal and interest amounts transferred to an off-balance sheet account; 3. Credit Information Analysis Center (KIAC) score above 200 points; 4. No active loans classified as "unsatisfactory," "doubtful," or "hopeless"; 5. No overdue payables in affiliated companies within JSC “Garant bank”’s system. For loans obtained within the last 12 months: 6. No more than five overdue payments exceeding 60 days; 7. No more than two overdue payments exceeding 90 days.
Client Account Type	Primary or secondary
Loan Issuance Method	Through a closed credit line
Loan Amount	Up to 1,000,000,000 (one billion) UZS
Loan Term	Up to 60 months
Grace Period	Up to 3 months
Loan Purpose	No specific purpose required
Loan Currency	National currency (UZS)
Funding Source	From the Bank’s own and/or borrowed funds
Loan Disbursement Method	1. In the form of cash (payment order/check) 2. Via transfer to a corporate plastic card
Minimum Interest Rate on the Loan	- 28% per annum for loan terms up to 36 months; - 30% per annum for loan terms up to 60 months. These rates may be subject to change based on the decision of the Liquidity and Resources Management Committee.
Interest Rate on Overdue Debt	Increased by 1.5 times the applicable interest rate
Interest Calculation	Interest is accrued daily at a fixed rate and repaid according to the approved repayment schedule
Repayment Period for Principal and Interest	Principal and interest payments – monthly
Interest Calculation Methods	Annuity / Differentiated
Loan Collateral	Not less than 125% of the loan amount (130% for affiliated parties)
Types of Acceptable Collateral	1. Monetary funds; 2. Real estate property; 3. Vehicles manufactured no more than 5 years ago; 4. Other forms of collateral not prohibited by law.