Modular loans

Form of lending: without opening a credit line (one-time issuance)

Loan purpose: The loan is provided to cover ‘cash gaps’ in the national currency

Method of Lending: The loan is provided by crediting the loan funds to the Borrower’s demand deposit account

Loan term: up to 36 months

Possibility of setting a grace period for principal repayment: none

Loan Currency: National currency of the Republic of Uzbekistan — Uzbek som

Interest Rate: up to 25.99% per annun

Minimum Loan Amount: up to 25 mln UZS

Maximum Loan Amount: 500 million UZS

Loan repayment: 

• for a 90-day term, the principal is repaid on the maturity date, and interest is paid monthly;

• for a 12-months term, principal and interest - monthly;

• for a 36-months term - principal and interest - monthly.

Acceptable Types of Collateral: under the Credit Portfolio Insurance Policy (without collateral or guarantee)

Mandatory requirements for borrowers:

• 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”;

• No negative credit history of the borrower/co-borrower/guarantor;

• Sufficient 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 business activities must not be unprofitable;

• Other requirements for the potential borrower/co-borrower/guarantor, collateral, and loan conditions are regulated by the Bank’s Credit Policy and corresponding internal regulatory documents.

List of Documents Provided by the Borrower: Loan application submitted online in the Internet Banking system for legal entities