Microloan (Overdraft) for Corporate Clients' employees
Lending Terms
Borrower
An employee who works at an enterprise or in an organization that has a primary account with KDB Bank Uzbekistan
Currency Of The Credit
National currency (UZS)
Maximum Loan Amount
The average monthly salary of the borrower for the last 12 months
Credit Term
Up to 12 months
Form Of Credit Allocation
To the borrower's plastic card opened at KDB Bank Uzbekistan
Annual Interest Rate
Determined by the Credit Committee of the Bank
Collateral
Guarantee of the corporate client-employer, immovable property, vehicles
The client or owner of collateral object (Pledgor) is entitled to apply for step-by-step collateral release proportional to repaid credit facility amount (maintaining enough coverage ratio) or replace collateral object (still keeping sufficient coverage ratio) to the Bank (Pledgee).
Review of such application by the Bank should not take more than 30 (thirty) days.
Decision on step-by-step collateral release or replace will be made by Credit Committee and the client must be informed on the decision in writing within 3 (three) business days. In case of negative decision, valid reason also should be included.
For the questions, as well as on other types of microloans for individuals, please contact Credit Department via emails
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