Car credit
«Car credit» - is a form of a short term crediting (to 36 months) offers opportunity for a borrower to receive a loan from the bank to buy a car and according to the loan contract repay the loan and interests due.
Crediting on the scheme «Car credit» is realized under the following conditions:
| 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; |
For receiving credit on the scheme “Car credit” a borrower must submit to the bank (loan officer) the following documents:
· Copy of passport of a borrower with indication of place of residence;
·Income statement from the place of work of a borrower or other documents certifying his/her business activity (certificate, patent, tax payment and others);
·Documents, certifying place of work of a borrower (job contract, work record card, reference from human resource department);
· Certificate about assigning Tax identification number (borrower);
· 1 photo of a borrower 3 x 4;
· Invoice from car sale centre;
· Insurance policy or complete package of documents about personal asset left as a security.
