Supply goods on credit
«Goods on credit» – a form of medium-term bank loan (up to 36 months) for developing noncash payment of population with enterprises of retail trade, that allow borrower to procure necessary goods for his/her consumer needs and according to a contract on bank loan pay off loan and interests due.
Bank loan on the scheme “Good on credit” is realized under the following conditions:
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Requirements to a borrower |
1. Age– from 18 years old to 63 years old, by the peremptory day of repayment of credit for men: 2. Age– from 18 years old to 58 years old, by the peremptory day of repayment of credit for women: 3. Not less than 6 month 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 entrepreneurs, it is necessary to present document certifying their business activity; 5. Actual domicile (registration) – in the Republic of Tajikistan. |
| Loan currency | Somoni |
| Size of a loan | From 100 to 10 000 USD equivalent to national currency |
| Loan term | From 3 to 36 months |
| Interest rate | According to the interest policy of the Bank |
| Loan form | Noncash (according to the concluded contract with «Agroinvestbank» money will be transferred to the account of the sales outlet) |
| Advanced payment | Allowed |
| Fee for issuing loan | According to the Tariffs on rendered bank services to the clients of «Agroinvestbank» |
| Source of reimbursing credit | Regular source of income of the borrower and his/her guarantee, size of cash assets, enough for reimbursing loan and its interests, including income from business activity. |
| Credit security | Guarantee not less than one person, whose source of income when necessary is sufficient for execution of liability |
| Procedure of loan repayment | Annuity (monthly, by equal allotments with the account of interests) |
| Initial contribution | Not less than 10% from the cost of the procured goods |
| Special conditions |
1. Loan is executed by servicing Bank, by the place of residence of a borrower. 2. In reviewing application on allocating cash assts issued to a borrower for a loan, not more than 50 % of total amount of formal income (salary and other additional incomes) of the borrower |
For receiving a loan on the scheme «Goods on credit», a borrower has to submit to the bank the following documents:
· Copy of his/her passport (borrower) and of his/her guarantee, with indication of place of residence;
· Reference from job place of the borrower and of his/her guarantee or other documents certifying business activity (certificate, licence, patent, payment of taxes and other.);
· Documents, approving place of work of the borrower and of his/her guarantee (job contract, work record card, reference from human resource office);
· Certificate on assignment of Tax identification number (borrower);
· One photo of the borrower (size 3 x 4);
· Invoice from a sales outlet.
Note: At obtaining loan for the first time, the loan period is for 3 to 12 months. In case of good credit history with the first loan, an opportunity will be provided to increase credit term in the second loan up to 18 months, in the third one – up to 24 months, in the fourth loan – to 30 months and in the fifth credit – to 36 months.
