PREMIER AUTO 5
Provision of loan funds against the pledge of motor vehicles to replenish working capital and other business-related purposes
Terms
Advantages
Independent appraisal report and business plan are not required. Vehicle valuation is conducted for free by the bank via "E-Baholash" platform.
Interest Rate
14.99% per annum (in foreign currency).
Collateral Value
Up to 90% of the vehicle's market value (up to 70% for electric vehicles).
Documentation
Process Loan funds are disbursed after the pledge agreement is notarized and submitted to the bank.
Grace Period
Up to 3 months grace period on the principal amount.
Disbursement Method
In the form of cash.
Loan Amount
Up to 500 million UZS (equivalent).
Loan Term
Up to 60 months.
Credit History
Up to 60 months.
Loan Currency
Foreign currency (USD).
Borrower
Legal entities operating in the Republic of Uzbekistan (excluding individual entrepreneurs).
Repayment Method
Annuity (equal monthly installments)
Insurance Requirement
Within the partnership with "PREMIER AUTO CITY" LLC, no insurance policys required.
Solvency
The company must not be loss-making. Inofficial income is fully considered during the analysis.
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