Car loan "Orzu" for the secondary market
A specific targeted loan to individuals over the age of 18, citizens of the Republic of Uzbekistan, for purchase of the used passenger vehicle
Updated: 23-09-2024
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up to 300 millions UZSLoan amount -
from 28%Interest rate -
up to 36 monthsCreadit term -
25%Down payment
Auto loan "Orzu"
For purchasing a new, unused passenger car.
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| No. | Conditions | Description | |
| 1 | Definition of a car loan | A specific targeted loan to individuals over the age of 18, citizens of the Republic of Uzbekistan, for purchase of the used passenger vehicle | |
| 2 | Persons eligible for a loan | Individuals, citizens of the Republic of Uzbekistan, over 18 years old, with a permanent income, or self-employed | |
| 3 | Purpose of the loan | Purchase of the used vehicle, manufactured in the Republic of Uzbekistan | |
| 4 | Loan term | Up to 36 months | |
| 5 | Loan amount | Based on the cost of the car to be purchased, but no more than UZS 300.0 million | |
| 6 | Main provisions of the loan | The down payment for the vehicle, to be paid by the borrower | Annual interest rate on the loan |
| For vehicles up to 3 years old (Produced since 2021) | |||
| 25% | 30% | ||
| 30% | 29% | ||
| 35% | 28% | ||
| For vehicles up to 4-5 years old (Produced in 2019-2020) | |||
| 30% | 30% | ||
| 40% | 29% | ||
| 50% | 28% | ||
| 7 | Loan collateral | A vehicle purchased under loan, and a guarantee from a third party or an insurance policy for the "risk of non-repayment of the loan" | |
| 8 | Loan collateral value | The mandatory collateral value – at least 125 percent of the loan value * With this, the cost of a vehicle bought on credit is discounted against the Credit Policy | |
| 9 | Loan allocation | Against the purchase and sale agreement of a passenger vehicle manufactured in the Republic of Uzbekistan, the loan is allocated by transferring the funds to the owner of the vehicle (seller's) bank account | |
| 10 | Cases of loan denial | - - Negative credit history; - If the vehicle has been produced more than 5 years ago (before 2019) - No permanent income (within the last 6 months) (for persons with official income); - Overdue loan debt - If the amount of the average monthly loan and/or microloan payments exceeds 50 percent of the amount of borrower's average monthly income (for persons with official income); - The loan is denied for purchase of vehicles and electric vehicles (hybrid vehicles) not produced in the Republic of Uzbekistan. | |
| 11 | Required documents | - - Passport or ID card; - Independent Appraiser's Report - Purchase and sale agreement for a passenger vehicle; - Documents confirming that the borrower transferred his/her share in the prescribed amount; - Certificate of registration as a self-employed person (for persons without official income); - As per the applicable law, the Bank has the right to request other documents. | |
| 12 | Method of the loan repayment | Annuity/differential method | |
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