Online microloan

Credit amount

• UZS 1 000 000 – 50 000 000

Interest rate

• 27% (twenty-seven percent) per annum - for term principal debt

Credit period: The microloan is granted for the following terms at the client’s choice:

• 3 (three) months;
• 6 (six) months;
• 12 (twelve) months.

Thereat, the last repayment date is set no later than the 15th day of the last month.

Application submission

• In the mobile app Kapitalbank.Online

Form of submission

• Transfer of credit funds to the Client’s account opened with Kapitalbank JSCB

Loan repayment

• Payment procedure - equal monthly payment
  Payment frequency: principal debt and accrued interest shall be repaid monthly, starting from the last day of the first month from the date of the microloan agreement, but no later than the 15th day. If the payment date falls onto a nonworking banking day repayment is postponed to the next banking working day. If the due date for the last loan payment falls on a non-working day, the due date for the last payment is set for the previous working day.

Borrower

1. Microloans are provided to individuals - citizens of the Republic of Uzbekistan, taking into account the debt burden indicator and the debt-to-income ratio in accordance with the requirements of the legislation of the Republic of Uzbekistan, the Bank’s Credit Policy and other internal rules of the Bank on lending issues, as well as to the following categories:
   - employees of Kapitalbank JSCB who are in employment relations with the Bank at the time of submission of an application to the Bank;
   - clients of Kapitalbank JSCB who are in an employment relationship with an organization serviced by Kapitalbank JSCB and selected in accordance with the requirements of the Procedure for the selection of organizations for credit products within the framework of salary projects in the direction of digital retail lending of Kapitalbank JSCB.
   
2. Absence of negative credit history, in accordance with the requirements of the Bank’s Credit Policy; Other requirements for prospective borrowers, collateral, and conditions for obtaining of a microloan are regulated by the Bank’s Credit Policy, other internal lending regulations, and the current legislation of the Republic of Uzbekistan.

Amount of collateral

• Not less than 125% of the microloan agreement amount:
  (- 50% credit risk insurance policy;
  -75% insurance policy against the risk of death and loss of ability to work of the Borrower as a result of an accident.)

Rate on overdue principal debt

• 40.5% (forty point five percent) per annum – on principal debt overdue