For construction and repair

1

Loan recipients

Individual entrepreneurs, dekhkan farms and legal entities that are business entities

2

Purpose of the loan

Carrying out construction and repair work and replenishing working capital

3

Loan currency

In national currency

4

Credit term

up to 36 months

5

Grace period for principal repayment

Taking into account the effectiveness of the project, but not more than 18 months

6

High level of credit risk

Based on the cost of the project

7

Minimum loan amount

50 million soums

8

Annual interest rate (minimum rate)

up to 12 months – 25 percent ;

from 12 months to 24 months – 2 6 percent;

from 24 months to 36 months – 2 7 percent.

9

Documents provided

- credit application;

- business plan;

- a copy of the purchase and sale agreement concluded for goods and products (services);

- original documents confirming the consent of the owners to receive a loan and provide it as collateral, if the borrower or mortgagee is a legal entity;

- Positive conclusion of the state environmental assessment on the impact of the project on the environment in cases provided for by the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated September 7, 2020 No. 541 “On further improvement of the mechanism for assessing environmental impact” (if necessary);

- estimate, expert opinion and a copy of an extract from the supervisory inspection in the field of construction on the registration of the object;

- documents to secure the loan;

- when studying a loan application, additional documents may be required.

10​

The borrower's own share of the project

Not less than 30%

eleven​

Procedure for payment of principal and interest

Annuity or differential

12​

Sources of financing

Bank's own funds and attracted deposits

13​

Security cost

At least 125% of the loan amount

14​

Security type

Based on the requirements of the regulations for the formation and execution of credit case documents in the system of JSCB "Microcreditbank"

15​

Borrower's solvency

Based on the scoring requirements established by the regulations for the formation and execution of credit cases in the Microcreditbank JSCB system