Framework line of credit

Many different credit products under one agreement

Apply for a framework line of credit online with no bank visiting

We conclude a one-time agreement and you can use your credit in full or partially

Get several types of bank credit products

The term of the framework line is 5 years with an option to extend

Loan conditions

Maximum allowable credit amount (limit) per a borrower or a group of related borrowers

In the amount not exceeding 25% of the banking capital of the level 1.

Maximum credit amount (limit)

It depends on the financial condition of the potential borrower, the business volume and the source of credit repayment.

Term of FLC

No more than 60 (sixty) months from the date of conclusion of the credit agreement

Currency of Credit

The national currency of the Republic of Uzbekistan is Uzbek soum.

Credit products provided under the FLC

Line of Credit for Working Capital (credit conditions are identical to the conditions for a 'Line of Credit for Working Capital' credit product)
Investment Purposes Line of Credit (credit conditions are identical to the conditions for a 'Investment Purposes Line of Credit' credit product)
Current account (credit conditions are identical to the conditions for a 'Current Account' credit product)
Installment Plan (credit conditions are identical to the conditions for a 'Installment Plan' credit product)

Tranche Drawdown Period

Line of Credit for Working Capital

No more than 42 (forty-two) months from the date of conclusion of the credit agreement

Investment Purposes Line of Credit

No more than 24 (twenty four) months from the date of conclusion of the credit agreement

Current account

No more than 48 (forty-eight) months from the date of conclusion of the credit agreement

Installment Plan

No more than 48 (forty-eight) months from the date of conclusion of the credit agreement

Interest rate (except Installment Plan)

27% per annum

The interest rate will be valid for the tranches provided within 12 months from the date of conclusion of the agreement. After the expiration of 12 (twelve) months from the date of conclusion of the agreement, the interest rate for new tranches under this agreement may be kept the same or modified (increased or decreased) by agreement of the Parties due to the increase/decrease in the refinancing rate of the Central Bank of the Republic of Uzbekistan or the cost of resources on the capital market.

Default Interest (for the principal debt)

45% per annum

Method of repayment

Independently by the bank

Early repayment

Free, at any time

Payment schedule

The information is contained in your personal account

Security

A pledge of property (including personal and third parties' property of legal entities and individuals) and a guarantee can be the credit security:
immovable property;
vehicles;
deposit (in national and/or foreign currency);
special equipment;
other liquid assets;
guarantee of banks and insurance companies.

Other types of securities that are not prohibited by the legislation of the Republic of Uzbekistan can act as credit securities. A combined security is possible.

Security registration

All costs for the registration of security shall be borne by the borrower/ pledger

Period for consideration of credit application

7 days

Borrower requirements

Who can get a credit?

1. Business entities (legal entities and individual entrepreneurs) registered in accordance with the procedure established by the legislation of the Republic of Uzbekistan.
2. Demand deposit account opened in ANOR BANK JSC.
3. No negative credit history.
4. The adequacy of the projected cash flows for the project to be credited.
5. The term of work and official registration of the business should not be less than 6 months.
6. Unprofitable enterprises and enterprises that have not readily available balance sheet are not subject to crediting.
7. Appropriate permits and licenses for the business activities carried out, if the client's business activities are subject to licensing.
8. Share participation of the borrower's own funds in the amount of at least 25% of the total cost of the project is preferred.

Security requirements

Security requirements

- a security is accepted for a total amount of at least 125% of the credit amount;
- a security is accepted in the amount of at least 130% of the credit amount for credits granted to persons associated with the bank.

Collateral

- must be free from any encumbrances

Requirements for the pledge of real property

- there must not be any registered persons (temporary or permanently registered)

Loan granting procedure

Conditions prescribed for granting a credit

The credit is granted after approval of the credit transaction by the relevant bank departments, conclusion of the credit agreement and registration of the security in the manner and form that satisfies the bank and in accordance with the current legislation of the Republic of Uzbekistan.
Credit funds are provided according to the terms for each credit product.

List of documents for obtaining a credit and providing a security

List of documents for obtaining a credit:
  • Application for a credit;
  • Constituent Documents (Articles of Association, Memorandum of Association) and all additions and amendments thereto;
  • License, if the Borrower's business activity is subject to licensing;
  • Minutes of the General Meeting of Founders relating to the obtaining of a credit, providing of a security and the powers of the director/responsible persons to sign the credit and security documents (original copy);
  • Passports of founders, senior manager (director) and chief accountant;
  • Financial statements (balance sheet, profit and loss statement, interpretation of overdue receivables and payables) for the last financial year and operational financial statements as of the last reporting date;
  • Business plan with the list of cash flows for the project;
  • Certificate of cash flow on accounts opened with other banks for the last 12 months, information on the Card File-2, information on loan debt (credits, guarantees, letters of credit, leasing and other financial obligations), specify if the main/secondary deposit account of the Borrower is serviced in other banks;
  • Security documents;
  • Other documents requested by the bank.


List of documents for pledging the property (when the pledger is a legal entity):
  • Constituent Documents (Articles of Association, Memorandum of Association) and all additions and amendments thereto;
  • Minutes of the pledger founders with the consent to pledge the property and with stating the powers of the director/responsible persons to sign the pledge documents;
  • Passports of founders, senior manager (director) and chief accountant;
  • Documents on the right of ownership of the pledged property:
    - cadastral documents for the property;
    - vehicle /special equipment registration certificate and etc.
  • Report of an independent appraisal company determining the market value of the pledged assets. If vehicles, special equipment, apartments in multi-storey buildings, residential and office buildings are pledged, and the pledger has no state share, the report of the independent appraisal company is not provided.


List of documents for pledging the property (when the pledger is an individual):
  • Owner's passport;
  • Documents on the right of ownership of the pledged property:
    - cadastral documents for the property;
    - vehicle /special equipment registration certificate and etc.
  • Report of an independent appraisal company determining the market value of the pledged assets. If vehicles, special equipment, apartments in multi-storey buildings, residential and office buildings are pledged, the report of the independent appraisal company is not provided.

How framework line of credit works

Use various credits

Many bank's credit products at your service under established limit according to one agreement

Pay off debts on time

The debt under the framework line of credit is repaid under individual conditions of credit products

Use credits on a regular basis

Line of Credit products can be used for an unlimited number of times

Advantages of ANORBANK framework line of credit

One-time collection of documents and registration of collateral for various credit products

Completely remote 24/7 document management with no waiting and bank visiting

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