Uzavto-Imkon Car Loan

Loan purpose:

Purchase of new UzAuto Motors vehicles (Tahoe High Country, Damas, Labo, Onix, Tracker and Captiva) from authorised dealers.

Loan amount:

Up to 75% of the vehicle price specified in the sale and purchase agreement

Grace period:

Up to 3 months

Down payment:

At least 25% of the vehicle price

Payment frequency:

Monthly

Repayment method:

Declining-balance repayment schedule

Loan security:

• pledge of the vehicle being purchased
• the loan amount must not exceed 75% of the value of the pledged vehicle
• the value of the security must be at least 133.3% of the loan amount
• the insurance agreement and insurance policy must cover the entire loan term
• until the vehicle purchased with the loan proceeds is accepted as collateral, an insurance policy may be provided as security
• once the vehicle has been pledged as collateral, the insurance policy must be replaced with insurance coverage for the pledged property

Additional terms:

• the loan proceeds are transferred directly to the seller
• the advance payment is transferred first, followed by the remaining amount once a restriction has been placed on the vehicle by its VIN
• the loan is provided under the Bank’s partnership with UzAuto Motors
• interest is subsidised by the partner
• up to three co-borrowers may be involved