Loan for an imported car

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Advantages

on the basis of an ID

up to 400,000,000 UZS

up to 5 years

Conditions

Down payment and interest rate	26.9% per annum if down payment is from 26%; 25.5% per annum if down payment is from 50% .
Amount	up to 500,000,000 UZS
Term	up to 5 years
Currency	UZS
The Debtor	individuals - citizens/residents of the Republic of Uzbekistan, aged from 21 to 60 years, with 60 years being the maximum age at the time of submitting a loan application, having official income for the last 6 months and having a permanent place of work (at least 6 months) in the administrative area of the city/region at the location of the offices of Tenge Bank
Interest rate on expired main debt	1.5 times the interest rate which is calculated on the remaining debt of a loan
Paying off method*	differentiated payment; annuity payment. *established by the agreement between the Bank and the Debtor
Necessary documents	ID; a copy of the Contract for the purchase of a car. if the Debtor is married, the additional documents are required: ID of a spouse (a copy is taken from the original documents); marriage certificate (a copy is taken from the original documents); a statement from the spouse, issued at the Bank, that the spouse has no objections to the delivery of a vehicle as collateral to the Bank.
Partner car dealerships	The list of partners.

Total cost of loan (TCL) – debtor’s payments on loan contract, amount and terms of payment which are known by the moment of its conclusion, including payments in favor of the third parties that are identified by contract, if Debtor’s obligation on such payments is under conditions of contract. Total cost of loan is calculated at annual percentage.

The following Debtor’s payments are taken into account:

main debt and interest rates,
in favor of the Bank – creditor, if the Debtor’s obligation on such payments is under conditions of contract and (or) if provision of credit or loan depends on making such payments;
in favor of the third parties, if debtor’s obligation on such payments is under conditions of contract, including payments:
- in favor of an insurance company, if the Bank is beneficiary under the insurance contract in case of insurance accident;
- in favor of an insurance company while insuring the subject of a pledge by contract, which provides obligations of a client under contract and is located in the use of a pledgor;
- guarantor (sponsor) for obtaining guarantee (sponsorship) as well as appraiser for evaluating a property transferred for collateral;
- in favor of organizations (mediators) that deliver services to the Bank to attract clients, implement verification of provided documents of clients to get credit or loan, accept payment and transfers from the Bank’s clients to the account of credit or loan repayment.

Calculation of TCL value is made by the Bank by the end of contract taking into account all payments which are under the paragraph.

Calculation of TCL does not include:

Debtor’s payments in favor of the third parties, excluding payments mentioned in paragraph 1 (see above);
Debtor’s payments which are connected with noncompliance the terms of contract including forfeit and other types of penalty sanctions;
payments on credits (loans) which are provided by using the Bank’s credit cards, particularly:
- commissions for implementing operations in a currency that differs from the currency of the account (the currency of provided credit);
- commissions for issuing and serving the Bank card;
- commissions for receiving the sum of credit (loan) by cash with using ATMs.

While calculating TCL, it is rounded to one decimal place. If two decimal places are equal to 5 or above, then one decimal place is increased by one.

Example: The indication of TCL is 18,66%. After rounding it is equal to 18,7%.

Information about total cost of each loan is delivered to debtors before issuing loan contracts in a compulsory order.