Requirements to the borrower

1. Age– from 18 to 63 years old, by the peremptory day of repayment of credit for men:
2. Age– from 18 to 58 years old, by the peremptory day of repayment of credit for men:
3. Not less than 6 months constant time record in organization, which is in the area of the servicing bank, with the account of the term of contract or job contract;
4. For private persons – submission of documents certifying business activity;
5. Actual place of residence (registration) – in the Republic of Tajikistan.

Loan currency

Somoni

Loan size  

Equal to 70% - from the cost of the procured car, but not more than 20 000 USD equivalent in national currency.

Loan term  

From 12 to 36 months

Interest rate

According to the interest policy of the bank.

Loan form

Noncash (according to the agreement with the OJSC «Agroinvestbank», money will be transferred to the car sale centre’s account).

Advanced repayment

Allowed.

Fee for issuing loan

According to the Tariffs on the rendered bank services to the clients of the  OJSC  «Agroinvestbank»

Source of credit repayment

Regular source of income of the borrower and his/her guarantee, size of cash assets, enough for reimbursing loan and its interests including incomes from business activity;

Credit security  

The procured car after insurance or personal assets.

Procedure of loan repayment

Annuity (every month, in equal allotment with the account of interest)

Initial payment

Not less than 30 % from the cost of the procured car.

Period of application’s review  

During 5 banking days from the day of submitting full package of documents by a borrower.

Special conditions  

1. At reviewing application for identifying the amount of the allocated loan not more than 50% is considered from the total amount of official income of a borrower (salary and other additional incomes);
2. This type of credit can be issued only by the Bank’s Head office;