Express Guarantee - JSCB «Turonbank»

About loan

A bank guarantee is provided for participation in tender bidding.

Terms for Issuing a Bank Guarantee:
Currency of the bank guarantee	In national currency – Uzbek soums In foreign currency – US dollars
Commission Fees	For micro, small, and medium-sized business entities that have an active settlement account or open a new account (regardless of the guarantee currency), the commission is charged as follows: Up to the equivalent of 200.0 million UZS – 3%; From the equivalent of 200.0 million UZS to 1.0 billion UZS – 2%; Above the equivalent of 1.0 billion UZS – 1%. For participation in tender bidding – a commission equal to 15 times the Base Calculation Amount (BCA), including VAT.Within the framework of a general agreement, the commission for each separately issued bank guarantee is charged as a one-time payment. Note: The minimum commission amount in each case cannot be less than 10 times the BCA (including VAT). (If the client does not become the winner of the tender, the tender is not held, is postponed, or the client does not participate, the paid commission is non-refundable)
Extension of the product validity period (change of terms, change of amount, cancellation of the bank guarantee)	Available. The commission fee for this service is set at not less than 10 times the BCA (including VAT).

Rates for corporative clients

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Format: xlsx

Contract form - Crediting (For small businesses)

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Take out a loan online

You can apply for a loan at a Bank branch or on the website. Online applications are accepted around the clock and are processed quickly.

Fill in the online application form. Our employee will contact you and tell you about the conditions of registration and issue.

FAQs

Still have questions? You can take a look at our Q&A database.

Terms and Conditions

Required documents

1	Application
2	Certified copies of the founding documents not available in the client’s legal file (state registration certificate, charter, founding agreement, order on the appointment of the head and chief accountant, founders’ protocol or the founder’s decision to obtain a bank guarantee)
3	Notification of the tender (or a link to the website where the announcement is posted must be provided)
4	Decision of the client’s authorized body to obtain a bank guarantee

Requirements

1	The enterprise must have been operating for at least 6 (six) months
2	No overdue debt to the Bank on the principal or other mandatory payments (including no debt in Card Index-2)
3	For previously issued loans (regardless of whether they have been repaid), the loans must not have been transferred to legal proceedings and/or written off from the balance sheet
4	The composition of the founders has not changed during the last 6 months (except for changes among close relatives)
5	The enterprise must have no negative credit history
6	Based on the results of the latest reporting period, the enterprise must not have completed operations with a loss

Security

Provision of an insurance policy for an amount equal to 125% of the value of the collateral, or provision of cash as collateral.