"Pre-approved microloan" for Octobank clients
For any purpose, no guarantors or income statements required – only a passport or ID card.
From 4 to 100 million UZS
microloan amount
12, 24, and 36 months
loan term
37.9% per annum
interest rate
Decision on the same day
microloan can be obtained offline at a branch
Conditions of the microloan
How the loan is issued
In the bank’s office via transfer to an Octobank card
Currency
In Uzbek sums
Loan security
A loan default insurance policy is issued at the expense of the bank’s funds.
Who can apply for a microloan?
Citizens of Uzbekistan who meet the following requirements can apply for a microloan:
Age from 20 to 60 years
Permanent registration in the Republic of Uzbekistan
Total work experience of at least 6 months
Work experience at the current job of at least 3 months
An active client of the bank who has received an offer from the bank
"The decision to issue a microloan is made by the bank, which also conducts a client check."
Questions and answers
"How to apply for a microloan?"
After the approval of the application, visit the bank's office with a passport or ID card for final processing. The money will be transferred to your Octobank card after signing the contract.
Who can apply for a microloan?
Citizens of Uzbekistan aged from 20 to 60 years with permanent registration and a total work experience of at least 6 months, at the last place of work - at least 3 months, can apply for a microloan.
What documents are needed for a microloan?
Only a passport or ID card, without guarantors and income certificates.
How to make payments on a microloan?
In the Octo-Mobile mobile application or at bank cash desks.
Loan money can be repaid ahead of schedule - in whole or in part, without penalties or restrictions. Partial repayment can be made either on the day specified in the payment schedule or on any other day. On the day of partial payment, interest for using the loan on the balance of the debt is written off. The remaining amount will reduce the monthly payment. You can repay the loan in full at any day. Deposit the required amount and the loan will be closed without additional fees or penalties.
On which days are payments made on a microloan?
5th or 15th of every month - depends on when you took out a microloan. If you took out a microloan from the 6th to the 15th, the payment will be debited on the 15th of each month. If the microloan is issued from the 16th to the 5th, payments will be debited on the 5th of each month.
What are the requirements for the borrower’s debt load?
Your monthly payments on all loans should not exceed 50% of your income.
