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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To unblock the card, you must contact the bank branch where the card was opened  with your identity document.

SMS notification for the Uzcard card can be activated through an ATM. SMS notification for the Humo card is activated through the bank branch where the card was opened.

You can order all cards in national and foreign currency remotely using the Milliy App.

If you have forgotten your card PIN, please come with your identity document to the bank where the card was opened.

If you the card (UzCard/HUMO) is lost, you can block it yourself using the Milliy Bank App or call (78) 148-00 10 and ask the operators to block the card.

The identification procedure is carried out remotely, directly in the Milliy application itself. To do this, on the main screen in the application, click on the icon in the upper left corner, and then select the “Identification” option from the menu and go through all its stages.

To change the phone number registered in the Milliy App, please come to the NBU branch which is convenient for you with your identity document.

An e-wallet is a system to store funds, as well as transfer money through an app to an account or bank card.

When you reset your password, you enter the "secret question answer"

Currently, the NBU offers the following international money transfers: Western Union, MoneyGram, KoronaPay, Asia Express, Contact, Swift.

Users of the Milliy Mobile App can receive transfers from Russia using the Sberbank Online service to an electronic wallet in national currency, to an UzCard or HUMO card of the NBU.

The transfer is made in rubles. Upon receipt on an electronic wallet or card, it is automatically converted into UZS. No additional fees are charged.

Visa Direct is a service for money transfer using the Milliy Mobile App to more than 50 countries of the world, including Visa cards of Uzbekistan banks.

identity document

MTCN or the tracking number

full name of remitter

country of remitter

NBFAUZ2X

It is possible to remotely open, replenish and independently monitor the NBU's deposits using the Mobil App.

If you want to transfer the right to dispose of your deposit to a third party, you must execute a power of attorney certified through a notary office.

No, you don't. The online deposit can be closed through the app.

Capitalization is the addition of accrued interest to the principal amount of the deposit.

This is the deposit with no fixed withdrawal period and the depositor can withdraw the funds at any time.

- Passports of founders, director, chief accountant;

- Order for Director’s appointment;

- Certificate of state registration;

- Decision of founders;

- Licenses;

- Cadastre file/ data sheet for the collateral;

- Photo of the collateral;

- Contract with the supplier;

- Copy of the rental agreement/ certificate

- Certificate of ownership for the premises used for business;

This list is not exhaustive for loan consideration and the consideration and Bank staff may request other information and documents regarding project concerned.

How long does it take for the application to be processed?Time for processing takes 1-3 days depending on the completeness of the documents submitted.

Various collateral, including real estate, motor vehicles, as well as sureties of individuals or legal entities are accepted.

Penalty-free early repayment of the loan is permitted

The period of registration of the company at the time of filing the application must be more than 6 months.

It's worth noting that insurance and collateral costs may be in addition to the principal interest for the loan. However, there are no hidden costs.

- Constituent documents of the company (charter, registration certificate)
- Documents confirming the authority of the company's representatives
- Vehicle Purchase Agreement
- Documents confirming ownership of the collateral property (if a collateral is required)

- Professional Consultation and Support: Our specialists are always ready to provide professional consultation and support at all stages of the process, helping clients maximize the benefits of the offered loan products.
- Flexible Terms: Option to choose the optimal term and loan amount.
- Ease of Application: Minimal document requirements and a quick application review process.
- Business support: Financing that helps to renew the car fleet

The NBU aims to ensure a fast and efficient application review process. The average review period for an auto loan application for legal entities is 3 to 5 working days

The collateral can be the new car being purchased

The option to purchase new vehicles from official dealers

Time for processing takes 1-3 days depending on the completeness of the documents submitted.

Various collateral, including real estate, motor vehicles, as well as sureties of individuals or legal entities are accepted.

Penalty-free early repayment of the loan is permitted

The period of registration of the company at the time of filing the application must be more than 6 months

It's worth noting that insurance and collateral costs may be in addition to the principal interest for the loan. However, there are no hidden costs

Answer:
- Passports of founders, director, chief accountant;
- Order for Director’s appointment;
- Certificate of state registration;
- Decision of founders;
- Licenses;
- Cadastre file/ data sheet for the collateral;
- Photo of the collateral;
- Contract with the supplier;
- Copy of the rental agreement/ certificate
- Certificate of ownership for the premises used for business;

This list is not exhaustive for loan consideration and the consideration and Bank staff may request other information and documents regarding project concerned.