“Young Specialists” Loan - JSCB «Turonbank»

About loan

For the formation of fixed assets and replenishment of working capital in the production and service sectors.

Loan Terms:
Loan currency	national currency – Uzbek soums
Annual interest rate	Central Bank base rate + 4%
Minimum / Maximum loan amount	Minimum: not specified Maximum: up to 5.0 billion soums
Loan term	For establishing and expanding entrepreneurial activity – up to 84 months For working capital – up to 18 months
Grace period (on principal)	For establishing and expanding entrepreneurial activity – up to 24 months For working capital – up to 3 months
Interest calculation method	daily, according to the payment schedule – differentiated form
Special conditions	For every 1 billion soums of the loan, at least one graduate must be employed (including final-year students and university graduates who finished their studies no more than 3 years ago) If during a 2-year monitoring period it is found that the entrepreneur terminated the employment contract with the graduate(s) who were the basis for the concessional loan, the interest rate will change from the preferential rate to the commercial rate from the date of contract termination, except when other graduates are hired within one month as replacements. This condition must be reflected in the loan agreement.
Commission fees	For using the loan, the borrower pays a one-time commission of 0.3% of the funds received

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	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 accordance with the collateral policy: liquid real estate, specialized equipment, vehicles, and deposit funds.