Credit term

up to 36 months

Цель кредита

Educational loans are issued to the students themselves, accepted for full-time or part-time bachelor's and master's studies at higher educational institutions located on the territory of the Republic of Uzbekistan on a contract basis, or to their parents or guardians who are citizens of the Republic of Uzbekistan, stateless persons or a foreign citizen permanently residing in Republic of Uzbekistan training

Annual interest rate

26,99%

Credit amount

Depending on the cost of the training contract;

Security

1) surety;

2) insurance policy for the risk of non-repayment of the loan;

3) pledge of other liquid property satisfying the Bank.

The total amount of collateral must be at least 125% of the loan amount.

Repayment frequency

Principal - monthly

Accrued interest - monthly.

The accrual of interest on the loan starts from the date of use of the loan funds on the actual balance of the loan debt.

Requirements for a potential Borrower

Required documents

1. Application for a loan.

2. The presence of a salary plastic card and turnover on it for a period of at least 3 months. At the same time, the turnover must be sufficient to cover the costs of all existing loans (including a newly received loan); when receiving wages in cash - a certificate from the place of work on wages for the last 3 months

3. Original passport or other document confirming the identity and place of residence of the Borrower, from which a copy is made by the Loan Officer;

4. A contract for training concluded with an educational institution.

5. Support documents.

Loan form

The loan is provided in the national currency (sum) in a non-cash form, by transferring credit funds to the account of the educational institution by the bank.

Place of submission of the loan application

The application and registration of the loan is carried out in the branches and departments of the bank.

Loan consideration period

The term for consideration of a loan application is 3 days from the date of registration of the application. The decision on the loan application is communicated to the client within 24 hours.

Advance payment

Not provided

Additional payments for consideration and processing of the loan

Missing

Early repayment

Early repayment of this type of loan is provided without additional fees and fines.

Grace period for principal and interest

Not provided

Possible factors for making a negative decision regarding the provision of a loan

1. Negative credit history (not timely repayment of principal and interest on loans, the presence of current overdue debt on loans);

2. Unstable income of a potential borrower or their absence (lack of constant income at the current place of work for at least 3 months before the date of application for a loan);

3. Incorrect, not reliable, incomplete information provided by the potential borrower;

4. Lack of collateral for the loan.

Possible factors for making a positive decision regarding the provision of a loan.

1. Positive credit history (timely repayment of loans and interest, no current overdue loans).

2. Stable income of a potential borrower (at the current place of work for a period of at least 3 months before the date of submission of the loan application)

3. Satisfactory financial position of a potential borrower

4. Availability of collateral in the amount and volume necessary to cover the loan (at least 125% of the loan amount).

In case of violation of the terms of repayment of the principal debt on the loan, the interest rate on the amount of overdue debt increases by 1.5 times from the date of formation of the overdue debt.

Attention! The loan interest is calculated based on the nominal interest rate. And the full 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.

Attention! The nominal interest rate of this loan is subject to change. At the same time, this change will be agreed with the borrower!