Consumer Loans
Loan purpose
To meet consumer needs, which in turn affect the quality of life. For example: the purchase of household items, payment for tuition, treatment, social events, travel, etc.
For information about banking tariffs on this product, please see the tariffs
These products are offered to a wide range of small and medium-sized enterprises, farmers and employees of public institutions and private companies.
Consumer loans are designed to meet various needs of customers such as purchase of consumer goods, education, medical treatment, social activities, travelling, etc.
Minimum amount: 100 US dollars and the equivalent in Tajik somoni
Maximum amount: 20 000 US dollars and the equivalent in Tajik somoni
Currency: US dollar and Tajik somoni
Minimum term: 1 month
Maximum term:
For loans in Tajik somoni – up to 48 months
For loans in US dollars – up to 36 months
Grace period on principal repayment: 1 month
Borrower’s contribution: Not required
Guarantor:
For standard customers: A guarantor is required only for loans over USD 2,000 and its equivalent in Tajik somoni;
For high rate and exemplary customers: A guarantor is only required for loans over USD 4,000 and its equivalent in Tajik somoni;
Collateral: According to the schedule of collateral claims
Loan interest: According to the tariffs of credit products
Service charge: According to the tariffs of credit products
Method of interest calculation: Daily on the loan balance
Method of loan repayment: Monthly equal payments – annuity payment
Full early loan repayment or partial prepayment: Permitted without penalty upon written request
Method of calculation of penalty for late payment of loan: 0.3% for each day of delay. The penalty is calculated on the unpaid principal amount of the loan
Additional information:
- Customers with good credit history are given an interest discount;
- The effective annual interest rate is calculated individually for each loan;
- In case of non-payment of the loan and its interest, the loan shall be forcibly recovered from the pledged property;
- Standard customers: new or existing customers who have a credit history with the bank for more than 3 months or have more than 10 days overdue within 24 months of loan repayment;
- High rate customers: customers who have a credit history with the bank of at least 24 months and have up to 10 overdue days to repay the loan;
- Exemplary customers: Customers who have a credit history with the bank of at least 24 months and have not made any delay in loan repayment at all.