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Line of credit for investment purposes

Credit for those who create or scale their business

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Apply for a credit
Review
Conditions
Documents

Get a credit for investment purposes online and with no bank visiting

Get a credit for investment purposes at a rate of 24% per annum

The term of line of credit - 48 months

The term of each tranche - up to 36 months under one line of credit

The grace period for each tranche - up to 6 months

Loan conditions

Form of Credit

Non-revolving line of credit

Purpose of Credit

For the purchase of fixed assets, including equipment, real estate, vehicles necessary for the implementation of business activities

Currency of Credit

The national currency of the Republic of Uzbekistan is Uzbek soum

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 the line of credit

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

Tranche Drawdown Period

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

Tranche Term (the payment period of each tranche)

No more than 36 (thirty six) months from the date of disbursement of the tranche

Interest rate

21% 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

Procedure for repayment of credit interest

monthly

Tranche grace period

No more than 6 (six) months from the date of the Tranche transfer

Repayment of the tranche principal debt

Equal monthly payments at the end of the grace period

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.
The credit amount shall be transferred to the account of the supplier of fixed assets.

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 credit for investment purposes works

Get funding for growth

Apply for an investment credit to purchase equipment, buildings and structures

Pay off debts on time

The debt for an investment credit should be repaid within 36 months

Use the credit again

You can use your credit for an unlimited number of times under one agreement. It is renewed after each repayment

Apply for a creditApply for a credit

4 reasons to get an investment credit from ANORBANK

Convenience

Multiple credits for a single package of documents

Customization

Individual approach for your investment goals

Start

A real opportunity to finally start a long-planned business

Scaling

For cases when you need a 'surge' to a new level

doc

Product Passport

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