"Young Entrepreneurs" Loan - JSCB «Turonbank»

About loan

Provided to support business projects aimed at developing youth entrepreneurship and ensuring their employment.

For business projects up to 100,000,000 UZS:
Minimum loan amount	Not limited
Client category	Young individuals operating as sole proprietors Young individuals engaged in farming or handicrafts
Loan purpose	Organization and expansion (modernization) of entrepreneurial activities in industry, services, trade and catering, tourism, handicrafts, home-based work, jewelry, and cultivation, storage, and processing of agricultural products; Construction of modern shopping centers and production facilities (warehouses, workshops) on adjacent land.
Maximum loan amount	Up to 100,000,000 UZS
Loan term	Up to 5 years (Depending on the specifics of the business project, up to 50% of the loan can be allocated for working capital via an open credit line for up to 24 months, with repayments every 12 months)
Grace period	Principal - up to 1 year; Interest - up to 3 months;
Loan collateral	Insurance policy or third-party guarantee
Special conditions	The loan is granted to entrepreneurial entities operated by citizens aged 18 to 30.
Funds must be used for their intended purpose only; The share in the charter fund (capital) owned by the young citizen at the time of loan issuance cannot be reduced or transferred to another person during the loan agreement term.

For business projects up to 200,000,000 UZS:
Minimum loan amount	Not limited
Client category	Provided to entities operating for at least 6 months: Young individual entrepreneurs Young individuals engaged in farming and handicrafts Entrepreneurial entities organized as legal persons, where at least 50% of the charter fund (capital) at the time of loan issuance belongs to young citizens of the Republic of Uzbekistan
Loan purpose	Loans are provided for organizing mobile or lightweight trading and service points along main and internal roads, as well as in public areas (including parks, tourist zones, gastronomic and creative streets), such as retail pavilions, EV charging stations, sanitary-hygiene points, and for the purchase of equipment and inventory necessary to carry out this activity.
Maximum loan amount	Up to 200,000,000 UZS.
Loan term	Up to 5 years
Grace period	Principal — up to 1 year; Interest — up to 3 months;
Loan collateral	Service mortgage or other types of collateral — up to 200,000,000 UZS
Special conditions	The loan is granted to entrepreneurial entities operated by citizens aged 18 to 30. Legal entities where at least 50% of the charter fund (capital) belongs to young citizens of the Republic of Uzbekistan.
Additional conditions	After granting the loan to a legal entity, the share in the charter fund (capital) belonging to the young citizen(s) at the time of loan issuance cannot be reduced or transferred to another person during the term of the loan agreement (except in cases of death or being declared missing). If this requirement is violated, the commercial bank has the right to take measures for early repayment of the loan.
Allocated financial resources must not be used for purposes other than intended. The share of the young citizen(s) in the charter fund (capital) at the time of loan issuance cannot be reduced or transferred to another person during the term of the loan agreement.

For business projects up to 2 000,000,000 UZS:
Minimum loan amount	Not limited
Client category	Individuals engaged in farming and handicrafts; Business entities that have been operating for at least 12 months and have a turnover of 500 million to 10 billion UZS over the past 12 months. In this case, the loan amount is proportionally reduced according to the minimum required turnover (500 million UZS)
Loan purpose	Financing business projects for the production of high value-added products and the provision of services in demand on domestic and international markets; Purchase of production equipment, carrying out construction works, acquisition of fixed assets (including under the “industrial mortgage” scheme), as well as the formation of working capital; Purchase of vehicles intended for commercial use; Organization of retail and service outlets; Organization of educational services for professional training of youth, including digital technologies and foreign languages; Implementation of other business projects not prohibited by law.
Maximum loan amount	Up to 2 000,000,000 (two billion) UZS.
Loan term	Up to 5 years
Grace period	Principal — up to 1 year; Interest — up to 3 months;
Loan collateral	In accordance with the requirements of the loan collateral policy.
Special conditions	The loan is provided to business entities operated by citizens aged 18 to 30; Legal entities in which at least 50% of the charter capital (at the time of loan issuance) belongs to young citizens of the Republic of Uzbekistan; Small enterprises — legal entities implementing projects with employment of youth accounting for at least 50% of the created jobs.
Additional conditions	After the loan is granted to a legal entity, the share of a young citizen(s) in the charter capital, held at the time of loan issuance, cannot be reduced or transferred to another person during the term of the loan agreement (except in cases of death or being declared missing). In case of violation of this requirement, the commercial bank has the right to take measures for early repayment of the loan amount.
Allocated funds must not be used for purposes other than those specified. The share of young citizens in the charter capital, existing at the time of loan issuance, cannot be reduced or transferred to third parties during the term of the loan agreement.

For business projects up to 2 500,000,000 UZS:
Minimum loan amount	Not limited
Client category	Agricultural cooperatives providing services to young citizens who have been allocated agricultural land in accordance with the Resolution of the President of the Republic of Uzbekistan dated April 5, 2024, No. PQ-153 “On measures to increase income and ensure youth employment by allocating land plots, as well as the development of new land areas”; Agricultural cooperatives in which more than two-thirds of the members are young citizens.
Loan purpose	Loans are provided to agricultural cooperatives to implement projects for: Acquisition of mini-tractors, cultivators, and equipment for agro-technical activities; Sorting, storage, processing, and packaging of products; Creation of irrigation systems (including well drilling).
Maximum loan amount	Up to 2 500,000,000 (two billion five hundred million) UZS.
Loan term	Up to 5 years
Grace period	Principal — up to 1 year; Interest — up to 3 months;
Loan collateral	In accordance with the requirements of the loan collateral policy.
Special conditions	The loan applies to business entities operated by citizens aged 18 to 30; Legal entities in which at least 50% of the charter capital (at the time of loan issuance) belongs to young citizens of the Republic of Uzbekistan; Small enterprises — legal entities implementing projects with employment of youth accounting for at least 50% of the created jobs.
Additional conditions	After the loan is granted to a legal entity, the share in the charter capital held by a young citizen(s) at the time of loan issuance cannot be reduced or transferred to another person during the term of the loan agreement (except in cases of death or being declared missing). In case of violation of this requirement, the commercial bank has the right to take measures for early repayment of the loan amount.
Allocated funds must not be used for purposes other than those specified. The share of young citizens in the charter capital, existing at the time of loan issuance, cannot be reduced or transferred to third parties during the term of the loan agreement.

Rates for corporative clients

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Documents

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.

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Terms and Conditions

Required documents

1	Applications
2	Certified copies of founding documents not included 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 founder’s decision to obtain a bank guarantee)
3	Contracts for goods purchased with the loan (or their copies)
4	Cash flow report according to the business plan (TIA) (as per the project)
5	Documents securing the loan
6	License (if required for the respective industry)

Requirements

1	Have a primary account in the JSCB "Turonbank" system
2	Not to end the last reporting period with a loss (except for newly established business entities)
3	No negative credit history (overdue payments of 60+ days not more than five times, 90+ days not more than once)
4	No overdue debt to the bank or other mandatory payments (according to Kartoteka-2)
5	For current loans, there should be no overdue debt during the application review period, and for previously issued loans (regardless of repayment) – they must not have been sent to legal proceedings and/or written off; additionally, during the application review period, the client must not have loans involved in legal proceedings

Security

In the form of an insurance policy or a third-party guarantee.
It may vary depending on the loan amount.