Updated: 20-01-2023

Loan «Optima»

Inappropriate provision of loans to legal entities (with the exception of individual entrepreneurs)

Indicator	Value/Description
Loan for business entities
Key Requirements for Loan Issuance	1. Presence of a primary or secondary account in the system of JSC "Garant bank"; 2. Good credit history; 3. Fully formed authorized capital by the founders within the timeframe stipulated by law; 4. Financial performance report (Form No. 2) reflecting no losses for the latest reporting period (annual or quarterly); 5. Availability of own working capital without a negative indicator; 6. No debt in File No. 2; 7. No funds subject to enforcement proceedings initiated by the Executive Bureau.
Loan Amount	Up to 6,000,000,000 (six billion) sums
Loan Term	Up to 36 months
Grace Period	Up to 6 months
Loan Purpose	The principle of targeted use is not applied
Loan Currency	National currency (UZS)
Lending Form	Credited to the client’s primary or secondary account opened in the JSC “Garant bank” system via transfer or cash withdrawal from the bank’s cashier.
Minimum Interest Rate on the Loan	28 %
Loan Collateral	At least 125% of the loan amount (130% for affiliated persons)
Permissible Types of Collateral	1. Cash; 2. Movable and immovable property; 3. Vehicles manufactured no more than 5 years ago.

Documents

List of Documents Required for Obtaining a Loan

1. Loan application;
2. Constituent documents of the borrower enterprise (certificate of registration, articles of association, order, and copies of passports of the founders, director, and accountant (if applicable));
3. Consent of the borrower enterprise’s founders to obtain a loan, executed in accordance with the applicable legislation (except for private enterprises);
4. Balance sheet and financial performance report of the borrower enterprise (submitted electronically to the relevant State Tax Service) for the latest reporting period (annual and quarterly);
5. Electronic valuation report of the collateral object and an independent appraisal organization’s report;
6. Cadastral document (extract and cadastral passport) if the pledged asset is real estate;
7. Vehicle registration certificate (technical passport, technical coupon), if the collateral includes vehicles and special equipment;
8. Consent of the enterprise’s founders to provide property as collateral for the loan, constituent documents of the enterprise, copies of the director’s and chief accountant’s passports (if applicable), if the third-party pledgor is a legal entity (if the enterprise is serviced by another bank);
9. Copy of the passport, if the third-party pledgor is an individual;
10. Bank-confirmed information on the cash flow of the borrower enterprise across all bank accounts for the last 12 months (if other accounts exist);
11. Additional documents may be requested if necessary.