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Indicators

Key Requirements

Loan Terms

Purpose of the Loan

Financing for the purchase of motor vehicles intended for cargo transportation, manufactured in the Republic of Uzbekistan and/or abroad (with the manufacturing date not exceeding one year), through the primary market (via authorized official dealers) and the secondary market (new foreign-manufactured vehicles not previously used must have a valid VIN number)

Vehicle Categories

Category M2 — motor vehicles designed for the carriage of passengers, having more than eight passenger seats in addition to the driver’s seat, with a maximum authorized mass not exceeding 5 tons.

Category M3 — motor vehicles designed for the carriage of passengers, having more than eight passenger seats in addition to the driver’s seat, with a maximum authorized mass exceeding 5 tons.

Category N2 — motor vehicles intended for the carriage of goods, with a maximum authorized mass exceeding 3.5 tons but not exceeding 12 tons.

Category N3 — motor vehicles intended for the carriage of goods, with a maximum authorized mass exceeding 12 tons.

Loan Term

Up to 60 months

Borrower’s Contribution and Annual Interest Rate

Borrower’s own contribution

Borrower’s Contribution and Annual Interest Rate

Provided that the borrower have continuous cash inflows from core business activities for at least one year and an average monthly turnover sufficient to service obligations under existing loan agreements,

the following conditions shall apply:

20 percent

27percent

30 percent

26percent

40 percent

25percent

50 percent and above

24percent

Grace Period for Principal Repayment

Up to 3 months.

Type of loan

Closed (without opening a credit line)

Collateral Requirements

Pledge of the purchased motor vehicle and an active insurance policy

Minimum collateral requirements for financing the purchase of motor vehicles

Insurance policy aimed at mitigating the risk of credit non-repayment until the vehicle purchased with the loan is provided as collateral (the insurance policy must remain in force until the pledge agreement is formalized);

Pledge of the vehicle purchased with the loan (in accordance with Regulation No. 707 of the Board of Private Joint-Stock Bank “Trastbank” “On the Procedure for Accepting Collateral for Loans Issued by Private Joint-Stock Bank “Trastbank”” — up to 80% of the vehicle value under the contract);

After registration of the vehicle pledge — insurance policy covering the unsecured portion of the loan (for the entire loan term).

Special conditions

If the vehicle purchased with the loan is provided as collateral, in accordance with the terms of the agreement, the pledge of this vehicle must be registered within 10 calendar days following its delivery, but no later than 90 calendar days from the date of payment.

In the event of failure to comply with this condition, the loan agreement may stipulate additional requirements for early repayment of the granted loan, to be determined at the discretion of the underwriter.

If the borrower provides alternative collateral, the borrower shall be released from the pledge obligation in respect of the purchased vehicle (except in cases where this client already has other loans secured by collateral at “Trastbank” Private Joint-Stock Bank).

If the borrower provides alternative collateral (immovable property and/or vehicles)

Requirements for immovable property collateral

The collateral value of the accepted immovable property must not be less than 100% of the loan amount; (for the remaining part of the collateral, an insurance policy, guarantee, or cash pledge may be provided);

Collateral may consist of non-residential and/or residential premises (in the case of residential premises — provided that no one is registered/residing there).

Requirements for vehicle collateral

The collateral value of the accepted vehicles must not be less than 125% of the loan amount, and the manufacturing year must not exceed 5 years (special equipment registered with the State Technical Supervision Authority is not accepted as collateral).

Third-party guarantees are accepted only as supplementary security

Requirements for the business entity

Requirement for account status

No outstanding liabilities recorded in Card Index No. 2

Accounting balance sheet and financial results

The entity must operate without losses and must not have an illiquid balance sheet. Financial statements for the last financial year and the latest reporting quarter are taken into account.

Requirements for obligations of the business entity

Individual entrepreneurs and legal entities with a positive credit history. Newly established entities and borrowers without a credit history are classified as having a positive credit history.

Requirement for credit history

The borrower must have no unpaid overdue debts and must not have had overdue payments exceeding 30 days in the last 3 months

Requirement for primary settlement account

At the time of loan disbursement, the primary deposit account must be maintained at the servicing office of the lending bank