Textile and sewing and knitted industry

A loan program for replenishment of working capital, as well as financing investment projects in the textile and clothing and knitwear industries

6 months

Benefit time

Up to 10 years

Loan term

From 5%

Loan rate

To Replenish Working Capital
To Finance Investment Projects

Loan purpose:

Provision of enterprises exporting fabric, knitted fabric and ready-made garment and knitted products with working capital through revolving loans

Loan form:

Opened revolving loan facility

Loan source:

Resources of the Fund for Supporting Exports under Export Promotion Agency;

Loan currency:

UZS (national currency of the Republic of Uzbekistan)

Loan term:

up to 36 months

Interest rate:

5% per annum

Maximum loan amount:

Based on the export volume for the last 12 months, in the following amounts:

  • up to 1 million USD at export volume to 5 million USD

  • up to 2 million USD at export volume from 5 to 10 million USD

  • up to 3 million USD at export volume from 10 to 15 million USD

  • up to 4 million USD at export volume from 15 to 20 million USD

  • up to 5 million USD at export volume over 20 million USD

Loan repayment:

monthly, fix or variable payments;

Eligible forms of collateral security:

  • collateral security of freely convertible and national currencies held in accounts opened with the bank

  • collateral security of movable/ immovable property

  • collateral security of real property rights;

  • other forms of collateral security not prohibited by applicable law

Percentage of collateral security:

At least 125% of loan amount

Mandatory requirements for Borrowers:

  • must be engaged in the export of fabrics, knitted fabric and ready-made garment and knitted products

  • must be registered in accordance with the procedure established by the legislation of the Republic of Uzbekistan

  • must have main demand deposit account in the bank

  • must have no adverse loan history of the Borrower/Co-borrower/Guarantor

  • must have no overdue loan liabilities

  • must have relevant permits and licenses for the activities being carried out, in case if the Borrower's activities are subject to licensing

  • must fulfill other requirements to the potential Borrower/Co-borrower/Guarantor, collateral security and conditions for obtaining loans shall be regulated by the Bank's Credit Policy and other local regulations of the Bank

Opened financing procedure:

Financing shall be opened upon approval of the Borrower's application by the Fund for Supporting Exports under Export Promotion Agency and submission of a duly executed and insured collateral security to the Bank

List of documents to be submitted by the Borrower:

  • Loan Application Form contained all loan terms and collateral security

  • Borrower's certificate of state registration

  • copy of the Company’s Charter and constitution documents with all amendments

  • copy of documents confirming the right of a person to sign a loan agreement on behalf of the borrower, in case the person is an authorized representative of the borrower, with specimen signatures.

  • financial statements including the balance sheet and profit and loss statement on the first date of the current month;

  • resolution of the Borrower/Co-borrower's authorized body on attraction of the required loan amount under appropriate conditions with provision of loan collateral security

  • business plan indicating the forecast of cash receipts to the borrower's bank account (cash flow)

  • in case of available accounts in other banks, certificate of absence/presence of the borrower's debts according to Bank File №2, loans, leasing, letters of credit, and information on turnovers within the last 12 months in the form of a letter issued by the servicing bankwith an electronic version of transcript

  • contracts to be paid under the requested loa

  • documents on the provided collateral security

Loan purpose:

Financing of major investment projects for production of fabrics, carpets, ready-made garment and knitted products, dyeing and finishing

Loan source:

Resources of the Find for Reconstruction and Development

Loan currency:

USD

Maximum loan amount:

shall be determined based on the needs of the event being credited

Loan term:

up to 120 months, depending on the payback period of the project

Grace period for principal loan amount payment:

up to 36 months, depending on the payback period of the project

Interest rate:

annual interest rate of 5% within the grace period, and

annual interest rate of 6% for the remaining period;

In case of failure to perform export obligations by the company, the loan interest accrued during the grace period shall be recalculated at a rate of 6% per annum

Special requirements:

  • commitment to provide export in the amount of 50% of the total volume of production

  • explain the importance of the participation of own funds, including buildings and constructions, working capital in the amount of not less than 30%

  • no overdue loan liabilities

Loan repayment:

monthly, fix or variable payments

Eligible forms of collateral security:

  • collateral security of freely convertible and national currencies held in accounts opened with the bank

  • collateral security of movable/ immovable property

  • collateral security of real property rights

  • other forms of collateral security not prohibited by applicable law

Percentage of collateral security:

At least 125% of loan amount

Mandatory requirements for Borrowers:

  • must be registered in accordance with the procedure established by the legislation of the Republic of Uzbekistan

  • must have main demand deposit account in the bank

  • must have no adverse loan history of the Borrower/Co-borrower/Guarantor;

  • must have no overdue debts on loan obligations

  • must have sufficient amount of the Borrower/Co-borrower/Guarantor's current cash flow for timely loan servicing

  • must have liquid funds of the Borrower/Co-borrower/Guarantor and not unprofitable operation activities

  • must have relevant permits and licenses for the activities being carried out, in case if the Borrower's activities are subject to licensing;

  • must fulfill other requirements to the potential Borrower/Co-borrower/Guarantor, collateral security and conditions for obtaining loans shall be regulated by the Bank's Credit Policy and other local regulations of the Bank

Opened financing procedure:

Financing shall be opened upon approval of the Borrower's application by the Fund for Reconstruction and Development, and submission of a duly executed and insured collateral security to the Bank

List of documents to be submitted by the Borrower:

  • Loan application form contained all loan terms and collateral security

  • Borrower's certificate of state registration

  • Copy of the Company’s Charter and constitution documents with all amendments;

  • copy of documents confirming the right of a person to sign a loan agreement on behalf of the borrower, in case the person is an authorized representative of the borrower, with specimen signatures

  • financial statements including the balance sheet and profit and loss statement on the first date of the current month

  • resolution of the Borrower/Co-borrower's authorized body on attraction of the required loan amount under appropriate conditions with provision of loan collateral security

  • project feasibility study indicating the forecast of cash receipts to the borrower's bank account (cash flow)

  • in case of available accounts in other banks, certificate of absence/presence of the borrower's debts according to Bank File №2, loans, leasing, letters of credit, and information on turnovers within the last 12 months in the form of a letter issued by the servicing bank with an electronic version of transcript

  • contracts to be paid under the requested loan;

  • verification of contract price

  • documents on the provided collateral security

How do I apply for a loan?

1
Read the terms of the loan
2
Prepare the necessary documents
3
Visit the bank's office and apply for a loan

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7.1. Plastic card of legal entity and individual entrepreneur (corporate card) in national currency

7.1.1 Issue of 3-year main/ additional card

80,000 UZS, including VAT

7.1.2 Extension of the validity of main/ additional card

80,000 UZS, including VAT

7.1.3 Reissue of main/ additional card in case of loss/ damage

80,000 UZS, including VAT

7.1.4 Reissue of main /additional card in case of technical malfunction

no commission fee

7.1.5 Penalty for loss/damage of main/ additional card

80,000 UZS, including VAT

7.1.6 Balance replenishment on the special Uzbek Soum card account of legal entity/individual entrepreneur (according to the applicable legislation)

0.5% of the amount transferred

7.1.7 Submission of the statement on money accounting on the corporate card

50,000 UZS, including VAT

7.1.8 Card registration in the stop list

no commission fee

7.1.9 Leasing of payment terminals to trade and service enterprises for accepting payment from UZCARD plastic cards and International payment cards, including:

a) to legal entities

25,000 UZS + VAT (charged monthly, on the first business day of the month following the month of the transaction)

b) to individual entrepreneurs

15,000 UZS + VAT (charged monthly, on the first business day of the month following the month of the transaction)

c) to Home Unit Companies

25,000 UZS + VAT (charged monthly, on the first business day of the month following the month of the transaction)

7.1.10 Processing of HUMO payment cards transactions of trade and service enterprise (acquiring)

0.2% of the transaction amount

7.2 Bank card of legal entity and individual entrepreneur in foreign currency (international)

7.2.1 Issue (emission) of main / additional card

a) Visa Business

UZS 230,000, including VAT

- minimum balance and down payment (unchanged until the card account is closed)

USD 100

b) Visa Business to an individual entrepreneur

UZS 170,000, including VAT

- minimum balance and down payment (unchanged until the card account is closed)

USD 100

c) Masterсard Business

UZS 1,200,000, including VAT

: For MasterCard, if the card currency differs from the transaction currency, the amount of 2% will be temporarily blocked

7.2.2 Reissue of main / additional card (after expiration of the card, to change the client's name, in case of card loss/damage, password loss, suspicion of fraud):

a) Visa Business

UZS 230,000, including VAT

b) Visa Business to an individual entrepreneur

UZS 170,000, including VAT

c) Masterсard Business

UZS 600,000, including VAT

7.2.3 Penalty for loss / damage of main / additional card, and for the card non-return by the client to the bank, including when applying for closing the special card account:

a) Visa Business

UZS 230,000, including VAT

b) Visa Business to an individual entrepreneur

UZS 170,000, including VAT

c) Masterсard Business

UZS 600,000, including VAT

7.2.4 The processing of transactions on cash receipt at terminals or ATMs abroad the Republic of Uzbekistan from the card issued by the National Bank

1% of the amount

7.2.5 Processing of transactions on non-cash payment for goods and services in the infrastructure of another bank (terminal/imprinter/ATM/self-service terminal/Internet, etc.) from the card issued by the National Bank:

a) Visa Business

no commission fee

b) Visa Business to an individual entrepreneur

no commission fee

c) Masterсard Business

No commission fee

Note: For MasterCard, if the card currency differs from the transaction currency, the amount of 2% will be temporarily blocked

7.2.6 Registration of the card in the Global stop list upon the Client's request

no commission fee

7.2.7 Reimbursement of expenses for the withholding by another bank of the card issued by the National Bank

1,15 Basic Estimated Amount, including VAT

7.2.8 Reimbursement of expenses for the transfer by the acquiring bank of the withheld card issued by the National Bank

Postal and telegraph expenses

7.2.9 Submission of an international card account statement on the official letterhead of the Bank

UZS 60,000, including VAT

7.3 For trade and service companies serving clients with cards in foreign currency

7.3.1 Processing of transactions of retailer and service outlet using international cards (VISA, MasterCard, UnionPay International, etc.):

a) Through a POS terminal in a trade and service enterprise and an EPOS terminal (according to an e-commerce project): - for cards issued by NBU JSC;
- for cards issued by other banks of Uzbekistan;
- for cards issued by foreign banks

1% of the transaction amount on the day of receiving coverage from international payment systems;
1.5% of the transaction amount on the day of receiving coverage from international payment systems;
3% of the transaction amount on the day of receiving coverage from international payment systems

b) Via a POS terminal installed in hotels

2.5% of the transaction amount on the day of receiving coverage from international payment systems

7.3.2 Penalty for the recovery of information on transactions against supporting documents submitted by the trade and service company

1% of the transaction amount

7.3.3 Penalty for loss and/or damage of payment terminal which can not be repaired

Actual cost of the terminal + 1,15 Basic Estimated Amount, including VAT

7.3.4 Processing (acquiring) of transactions of trade and service enterprises using HUMO/UZCARD payment system

a) On international cards through the payment system "UzCard"

0,2% of the transaction amount

b) VISA, MasterCard and UPI international cards, through HUMO payment system. When servicing international cards (VISA and MasterCard), a commission of 1.5% is charged from the card account in addition to the commission fee specified in this section. Visa cards issued in the Republic of Uzbekistan are the exception.

1% of the transaction amount. When servicing international cards (VISA and MasterCard), a commission of 1.5% is charged from the card account in addition to the commission fee specified in this section. Visa cards issued in the Republic of Uzbekistan are the exception.

c) VISA, MasterCard and UPI international cards, through UzCard payment system. When servicing international cards (VISA and MasterCard), a commission of 2% is charged from the card account in addition to the commission fee specified in this section. Visa cards issued in the Republic of Uzbekistan are the exception.

1% of the transaction amount

d) MIR international cards, through UzCard payment system

0.5% of the transaction amount

e) For payment transactions for products, works and services at trade enterprises using ‘Tez QR’ through ‘UZCARD’ payment system
Effective from May 1, 2024.

1% of amount

7.3.5 Processing transactions of a merchant conducted through the NBU's E-POS terminal*

a) By UzCard Sumy Plastic Cards

0,8% of the transaction amount

b) By HUMO / Visa UZS plastic card / UZS electronic wallet

0,5% of the transaction amount

7.3.6 The processing of transactions of retailer and service outlet via QR-Online system

0,15% of the transaction amount

*When the retail and service outlet pays for this service, the commission specified in subparagraph 5.1.12 of section 5 “Remote Services” of the tariff for commission fee for individuals is not charged to the client

7.3.7 Processing of transactions of the trade and service enterprise carried out on local cards (UzCard, HUMO, etc.), according to the e-commerce project

at least 1% of the transaction amount

7.3.8 Connection (registration) to the fiscal module and servicing online cash registers

1% of the amount

7.3.9 Monthly rent for commercial terminals of small business entities (with a monthly turnover of more than 100 000 UZS)

fee is not charged

7.3.10 Monthly rent for trading terminals of small business entities (with a monthly turnover of less than 100 000 UZS)
Terminals inactive for 6 months are withdrawn from the client

15% BEA, including VAT

Tariffing begins on June 10, 2024.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.

1.To open an account and other products, visit the NBU branch. Please find a list of all branches and their addresses Here.

2. Reserve an account Here.