Loan

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CAR LOAN

01.10.2020

Car loan

Car loans for the purchase of vehicles of domestic production are provided to citizens of the Republic of Uzbekistan on the following conditions:

  • Loan term-up to 3 years without the right of extension;
  • Loan amount-100% of the cost of the vehicle;
  • Initial payment – at least 30% of the cost of the vehicle;
  •  The procedure for repayment of the principal debt-monthly equal shares, after the end of the grace period of 3 months;

• Interest rate:

- 23% per annum - with a down payment of at least 30% of the cost of the vehicle;

• Loan security:

- pledge of the purchased vehicle;

- third-party guarantee;

- before the release and registration of collateral for the purchased vehicle - insurance policy for the risk of non-repayment of the loan;

• Required documents:

- passport of the borrower and guarantor;

- income statements for the last 6 months of the borrower and the guarantor;

- contract for the purchase of a motor vehicle.