- Car loan

Do you want to buy a car for a long time? Take a car loan from the Bank of Asia!

The loan is provided for both entrepreneurs and individuals.

Product

Vehicle loan

Description and Objectives

Loan, for the purchase of motor vehicles

Borrower status

Individuals and individual entrepreneurs;

Individuals

Own contribution

Not required

Maximum loan amount

Up to 2,000,000 KGS

Minimum loan amount

From 100,000 KGS

Currency

KGS

Interest rate

23% p.a.

Term

Up to 60 months

Repayment schedule

Annuity

Requirements to the borrower (age)

from 21;

Ensuring

Purchased vehicle, with own deposit of 30% or more, with the year of manufacture not more than 15 years old, if own deposit is less than 30%, additional security in the form of real estate or insured vehicle is required.

Purchased vehicle, with own contribution of 40% or more, with the year of manufacture not more than 16 – 20 years, if own contribution is less than 40%, additional security in the form of real estate or insured vehicle is required.

Requirement for the purchased vehicle

For cars of Russian and Uzbek production year of manufacture is not older than 10 years.

Additional terms and conditions

Mandatory vehicle insurance for the term of the loan:

- at the bank's expense, if the borrower's age does not exceed 65 years at the time of loan termination;

- at the customer's expense, if the borrower's age exceeds 65 years at the time the loan ends.

Note

The loan is disbursed after the borrower has registered the purchased car and pledged it as collateral. In this case, the Bank gives a letter of guarantee to the Seller that after re-registration and pledging the vehicle, it will disburse the funds.