Car loan for individuals for the primary market

The Head Office, Banking Services Center, sales offices, and points of sale of “APEX BANK” JSC

Purchase of new “GEELY” vehicles sold by IP LLC “GEELY AUTO WZ” and its partner dealers.

Individuals who are residents* of the Republic of Uzbekistan, aged from 18 to 70 years inclusive, as of the date of submitting the credit application;
Have had income for a period of at least the last 6 months as of the date of application review, or have self-employed status.

Within 1 business day after the complete set of documents has been provided.

The down payment amount shall be at least 25% of the vehicle’s contract value, in accordance with Appendix 1.

Based on the Borrower’s repayment capacity, but not exceeding 75% of the contract value of the vehicle being purchased.

The national currency of the Republic of Uzbekistan — Uzbek sum

Up to 60 (sixty) months (in accordance with Appendix 1).

From 0% to 20% per annum, determined depending on the variables specified by the terms of the partnership program.

The principal interest rate is set at 40% (forty percent) per annum.

Differentiated or annuity-based

Monthly, starting from the month following the month in which the loan is disbursed, in accordance with the terms of the concluded loan agreement.

On the 15th of each month

As a one-time disbursement in non-cash form, by transferring funds by the Bank to the seller’s settlement account based on the vehicle purchase and sale agreement, after the Borrower has paid the down payment for the vehicle being purchased from their demand deposit account with the Bank.
The loan is disbursed within 1 (one) business day from the date the Borrower fulfills all conditions necessary for the Bank to open the financing. The down payment may be paid through the cash desks of other banks, provided that a receipt confirming the successful completion of the payment is mandatorily submitted to the Bank.

Insurance of the pledged property (movable property insurance) for the entire loan term;
Insurance against the risk of non-repayment of the loan for the entire loan term;
Insurance premiums for the risk of non-repayment of the loan and movable property insurance are paid from the Borrower’s funds as a one-time payment in proportion to the loan term, to the insurance company’s account prior to the disbursement of the loan, in accordance with the procedure and terms of the concluded insurance agreement and the insurance rules of the insurance organization.

At least 125% of the loan amount.
At least 130% of the loan amount for persons related to the Bank.

An insurance policy against the risk of loan non-repayment in an amount of at least 50% of the loan amount for the entire term of the loan agreement;
Pledge of property rights to the motor vehicle purchased with loan funds, followed by execution of a pledge agreement after obtaining ownership rights, with mandatory insurance of the pledged property for the entire loan term.

Not more than 75%

A positive credit history; the absence of a credit history is permitted;
As of the date of consideration of the credit application, there must be no outstanding overdue debt on previously obtained loans, according to credit bureau reports and other supporting documents/sources.

No outstanding debt recorded in the database of the Bureau of Compulsory Enforcement of the Republic of Uzbekistan;
Not included in the “blacklist” of the Bank/banks or other organizations;
The Borrower’s employer must not be included in the Bank’s “blacklist” of legal entities.

The ratio of the Borrower’s average monthly payments under all outstanding loans to the Borrower’s average monthly net income (after deduction of all taxes and other mandatory payments). The Borrower’s debt burden ratio must not exceed 50%, taking into account the loan being obtained.
Exceptions:
For Borrowers who registered as self-employed persons for the first time less than 6 months prior to applying to the Bank, the debt burden ratio (DBR) may be disregarded and/or not calculated, but for no more than 15% of the total number of outstanding loans issued by the Bank to individuals.
For other Borrowers, a DBR of up to 100% is permitted, but for no more than 15% of the total number of outstanding loans issued by the Bank to individuals.

The NPL ratio for the product must not exceed 4% of the credit portfolio under this credit product.

Identity document (Passport / ID card / military serviceman’s identity card);
Vehicle purchase and sale agreement;
Certificate of self-employment (obtained through the State Tax Committee) **;
The Borrower’s repayment capacity is assessed in accordance with the procedure established by applicable legislation;
When determining the Borrower’s average monthly income, the Bank uses information provided by the Borrower, as well as data from its own information systems, credit bureaus, and other official sources.
If necessary, the Bank reserves the right to request additional documents from the Borrower.

Documents relating to the property provided as collateral, the state registration certificate of the motor vehicle (after registration of the vehicle), and other documents, if necessary;
For a Pledgor who is married:
The Pledgor’s marriage certificate;
An identity document of the Pledgor’s spouse (passport/ID card);
A statement from the Pledgor’s spouse consenting to the provision of the collateral as security for the fulfillment of obligations under the loan;
The Bank reserves the right to request additional documents from the Pledgor.

Reimbursement of the Bank’s expenses related to insurance against the risk of loan non-repayment and movable property insurance is paid by the Borrower as a one-time payment.

Under this credit product, no more than one loan agreement may be concluded with one Borrower within one year.