Secondary market car loan

1.1.

Features of consumer credit.

Term loan

1.2.

Name of loan product

Car loan (secondary market)

1.3.

Citizenship requirement

Resident of the Republic of Uzbekistan

1.4.

Purpose of the loan product

Consumer loan - for the purchase of a vehicle in the secondary market

1.5.

Loan currency

In national currency; sum (UZS)

1.6.

The requirement for the operating age of the purchased vehicle

The operating age of the purchased vehicle must not exceed 5 years at the time of the loan application.

  1.7.

Maximum loan term

The maximum term (without grace period) is 48 (fourty eight) months.

  1.8

Maximum loan amount

Up to 2650 basic settlement values (901,000,000 UZS as of today)

1.9.

*Down payment

*-(The maximum period is determined according to the operational age of the purchased vehicle and the down payment

The year range in which the car was manufactured

2 years and less

3 years

4 years

5 years

Minimum down payment amount for individuals with official income (percentage)

20%

20%

30%

30%

Minimum down payment amount for self-employed individuals (and without income certificate) (percentage)

30%

35%

40%

40%

Maximum loan term

48 months

48 months

48 months

36 months

* For self-employed (and without income certificate) individuals, the initial contribution must be at least 30%.

No down payment is required if sufficient supplies other than the vehicle being purchased are provided.

      1.10.

An initial (advance) payment

Term

1-12 months

13-24 months

25-36 months

37-48 months

For borrowers who have official income

26%

27%

28%

29%

For self-employed individuals (and without income certificate)

27%

28%

29%

29%

 1.11.

Type of collateral

• Vehicle or real estate worth at least 115% of the loan amount;

• Collateral for a loan issued to persons associated with the bank is accepted in accordance with the procedure established by the legislation of the Republic of Uzbekistan.

 1.12.

Necessary documents

• Original documents proving the identity of the borrower and co-borrower (passport, identity card, residence permit, etc.);

• Documents on collateral for loan repayment;

• The original contract for the sale of the vehicle;

• Report on vehicle appraisal by an independent appraisal organization;

• Information about the borrower's average monthly income is obtained by the bank independently in electronic form through special networks. If it is impossible to determine the average monthly income from the borrower, the bank may require documents confirming the sources of income.

• Individuals who do not have official income provide information about their income, which is sufficient for the loan payment.

 1.13.

Requirements for the borrower

• From 21 to 60 years of age during the loan repayment period.

• No negative credit history;

• Absence of overdue debts in banks and/or credit institutions;

• Based on the average monthly income of the borrower, no more than 60% should ensure the repayment of principal and interest payments on the loan and other current liabilities.

Requirements for the status of foreign citizenship

• When a foreign citizen is a borrower, in addition to the demand of collateral provision, the presence of a guarantor of with citizenship of the Republic of Uzbekistan (having a permanent source of income in Uzbekistan).

 1.14.

Requirements for the borrower and co-borrower

• Age from 21 to 60 years at the period of loan repayment;

• No negative credit history;

• Absence of overdues (debts) in banks and/or credit institutions;

• 60% of the combined average net income of the borrower and co-borrower must be sufficient to cover the highest monthly loan repayment and the average monthly payment for all existing loans and other liabilities.

 1.15.

Validity of the loan decision

30 (thirty) days

 1.16.

Periodicity of interim repayment payments

Monthly

 1.17.

Type of repayment payments

Annuity or differentiated payment (with monthly distribution of debt body into equal parts)

1.18.

Additional requirements

• To encourage customers to purchase environmentally friendly, light-duty hybrid electric cars and/or electric vehicles (except for internal combustion engine vehicles that use gasoline and other petroleum products as fuel), a discount of - 1% (minus one percent) per annum from current interest rates is given.

• While allocating car loan products to the active individual customers of our bank, an annual discount of -1% (minus one percent) from current interest rates will be given

• The discount is calculated based on the criterion above only and once, i.e. it is provided not exceeding -1% (minus one) annual percentage.

1.19

JSC Ziraat Bank Uzbekistan criteria for active clients