|
Credit term
|
up to 60 months
|
|
Purpose of the loan
|
For the purchase of motor vehicles of the brands Chevrolet Onix, Chevrolet Tracker, Chevrolet Damas, and Chevrolet Labo
|
|
Annual interest rate
|
- Chevrolet Onix — 0% per annum;
-
Chevrolet Tracker — 0% per annum;
-
Chevrolet Damas — up to 18.5% per annum;
-
Chevrolet Labo — up to 18.5% per annum.
|
|
Loan amount
|
Depending on the vehicle price
|
|
Collateral
|
- Vehicle purchased;
-
Collateral of other liquid property satisfying the Bank.
Total collateral must be at least 125% of the loan amount.
|
|
Repayment frequency
|
- Principal debt - monthly;
-
Accrued interest - monthly.
The accrual of interest on the loan starts from the date of using the loan funds on the actual balance of the loan debt.
|
|
Initial contribution
|
At least 25% of the vehicle amount.
|
|
Requirements for a potential Borrower
|
- Business entities registered in accordance with the legislation of the Republic of Uzbekistan;
- Availability of a demand deposit account (primary or secondary) with JSC “InFinBank”;
- Absence of a negative credit history for the Borrower/Co-borrower/Guarantor;
- Sufficiency of the current cash flows of the Borrower/Co-borrower/Guarantor to ensure timely loan servicing;
- The Borrower/Co-borrower/Guarantor must have a liquid balance sheet and a non-loss-making activity;
- Other requirements for the potential Borrower/Co-borrower/Guarantor, collateral, and loan conditions are regulated by the Bank’s Credit Policy and relevant internal regulatory documents.
|
|
Documents required
|
- Credit application describing all loan terms and collateral;
- Certificate of state registration of the Borrower;
- Copy of the company’s charter and founding documents, including all amendments;
- Copy of documents confirming the person’s authority to sign the credit agreement on behalf of the Borrower if the person is a representative of the Borrower, including signature specimens;
- Financial statements as of the first day of the current month in the form of a balance sheet and profit and loss statement;
- Decision of the authorized body of the Borrower/Co-borrower to attract the required loan amount under the relevant conditions and to provide collateral for the loan;
- If accounts exist in other banks — certificates from servicing banks on the absence/presence of the Borrower’s debt under Card File No. 2, loans, leasing, letters of credit, as well as information on turnover for the last 12 months in the form of a bank letter indicating the responsible officer and a detailed breakdown in electronic format;
- Contracts for the purchase of motor vehicles to be paid under the requested loan;
- Documents for the collateral provided, in accordance with the “Procedure for Acceptance and Evaluation of Collateral for Credit Operations Conducted by Corporate Lending Divisions of JSC InFinBank.”
|
|
Loan form
|
The loan is provided in the national currency (UZS) in a non-cash form, by transferring loan funds to the account of the commission agent by the bank.
|
|
Loan application place
|
Application and arranging of a loan is carried out in branches and departments of the bank.
|
|
Loan consideration term
|
The term for consideration of a loan application is 3 days from the date of application registered. The decision made on the loan application is communicated to the client within 24 hours.
|
|
Additional fees for processing and arranging a loan
|
Unavailable
|
|
Early repayment
|
Early repayment of this type of loan is provided without additional fees and penalties.
|
|
Principal debt and interest grace period
|
No grace period for principal debt and interest.
|
|
Possible factors for making a negative decision to grant a loan
|
- Presence of overdue debt on the principal and/or accrued interest on existing loans, leases, or guarantees;
- Outstanding balances on loans under litigation, as well as principal and interest on loans transferred to off-balance accounts;
- Non-liquid and/or loss-making activity;
- Presence of debt to the Enforcement Bureau;
- If there is a fact of overdue debt on previously received loans exceeding 30 consecutive days within the last 12 months;
- Number of days in Card File No. 2 exceeding 30 days within 6 months.
|
|
Possible factors for making a positive loan decision
|
- Positive credit history (timely repayment of loans and interest, absence of current overdue debt on loans).
- Stable monthly turnover of the potential borrower.
- Profitable and liquid activity.
- Availability of collateral in sufficient quantity and volume to cover the loan (at least 125% of the loan amount).
|
|
In case of violation of terms of repayment of the principal debt on the loan, the interest rate on the amount of overdue debt increases 1.5 times from the date of overdue debt formation.
|
|
Attention! The loan interest is calculated based on the nominal interest rate. And the total cost of the loan shows how much the loan will cost you if you pay interest and other types of payments on time and in the prescribed amount.
|
|
Please note, the nominal interest rate of this loan is subject to change. And this change will be agreed with the borrower!
|
