Loans

The bank offers legal entities high denomination loans with attractive terms and interest rates.

Purpose
This product is offered to a wide range of small, and medium sized legal entities who are involved in trade, service or manufacture activities. This product can be used for working capital and/or acquisition of fixed assets for the purposes of existing businesses.

Quick Facts
  Minimum loan size                          TJS 50,000 / USD 10,000
  Maximum loan size   TJS 1, 000,000 / USD 200,000
  Minimum loan term   1 month
  Maximum loan term   24 months for working capital loans
  48 months for fixed assets loans
  Guarantor   Guarantor is required for this facility and full financial analysis of the guarantor will be conducted by the bank
  Collateral   The prime collateral is considered the business and private property of the customer with a value of not less than 150% of the loan
  Grace period
  (only principal amount)
  1 month if the loan is used for working capital
  4 months if the loan is used for fixed assets
  Currency   The product is offered in both TJS and USD
  Interest rates in TJS   29% -32%     Interest rates are stated annually
  Interest rates in USD   22%-25%      Interest rates are stated annually
  Discounts
  Borrowers may be offered a 1% discount if they open an FMFB deposit account and access and service their loan amounts through it
  Early closure
  Allowed with the condition to formally report but no penalties

How to Apply
Interested clients should consult with the nearest branch or banking service centre.
Clients should bring with them the following documents:
            
  • A copy of the state registration certificate
  • Abstract from the single state register;
  • A copy of tax identification number;
  • A copy of the company charter or a constituent document if appropriate;
  • Resolution of the companys owner to apply and full obligation to repay the loan;
  • An original statement from tax authorities that no outstanding debt exists;
  • A copy of the licensee for entrepreneurial activities if appropriate;
  • A copy of the certificate of registration with social protection fund;
  • Financial statements of the company (balance sheet, profit and loss, cash flow);
  • Legal ownership documents for the pledged collateral item;
  • Guarantee letter if appropriate;
  • Other documents according to the acting legislation of the Republic of Tajikistan.
 


Benefits
                    
  • Flexible product terms that allow entrepreneurs to tailor a solution to best meet their financial capital needs
  • Attractive interest rates with the potential for further discount if the customer opens an FMFB deposit account and services their loan through it
  • Generous grace period to provide sufficient time for procurement of working capital or purchase and installation of fixed assets
  • Transparent and collaborative loan application process that is rooted in integrity and customer protection principles