Express Credit
Loan purpose
For business, agriculture, purchasing consumer goods, payment for tuition, treatment, social events, travel, mortgage, construction activities, improving house conditions and purchasing a car.
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, peasants and employees of public institutions and private companies who provide cash or gold as collateral.
Express loans are designed to meet various needs of customers such as business and agricultural development, purchase of consumer goods, education, medical treatment, social events, travelling, home renovation, purchase of transport and so on.
Current assets
Minimum amount: 100 US dollars and the equivalent in Tajik somoni
Maximum amount: 100,000 US dollars and the equivalent in Tajik somoni
Currency: US dollar and Tajik somoni
Minimum term: 1 month
Maximum term: 24 months
Grace period on principal repayment: 2 months
Borrower’s contribution: Not required
Guarantor: Not required
Collateral: Cash and gold
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: Authorised without penalty upon written application
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 debt
Fixed assets and other purposes
Minimum amount: 100 US dollars and the equivalent in Tajik somoni
Maximum amount: 100,000 US dollars and the equivalent in Tajik somoni
Currency: US dollar and Tajik somoni
Minimum term: 6 month
Maximum term: 48 months
Grace period on principal repayment: 4 months
Borrower’s contribution: Not required
Guarantor: Not required
Collateral: Cash and gold
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: Authorised without penalty upon written application
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 debt
Additional information:
- The effective annual interest rate is calculated individually for each loan;
- In case of non-payment of the debt and its interest, the debt shall be forcibly recovered from the pledged property;