​​​​​​​Required Documents for Bank Loans

1. Required Documents for Obtaining a Bank Loan

Common documents typically required (may vary slightly between banks):

• Identity document: Passport or another official ID confirming identity

• Proof of income: Employment income certificate, tax declarations, or other income verification

• Loan application form: Completed form provided by the bank

• Draft loan agreement: For review of loan terms and conditions

• Collateral / Guarantee documents: Contracts for pledged property, vehicle, or other assets if collateral is required

• Financial statements: For businesses applying for loans, including balance sheets and profit & loss statements

• Additional documents: Depending on loan type (e.g., mortgage, auto loan, educational loan) specific papers may be required

2. Main Evaluation Criteria for Loan Approval

Banks assess multiple factors before approving a loan, including:

2.1. Borrower's Repayment Ability

• Stable and sufficient income sources

• Current debt obligations and credit load

• Stability and reliability of income streams

2.2. Credit History Check

• Timely repayment of previous loans

• Credit rating and information from interbank credit databases

2.3. Collateral and Guarantees

• Value and legal status of pledged assets

• Financial standing and obligations of guarantors (if applicable)

2.4. Purpose of the Loan

• Specific intended use of the loan funds

• Feasibility and appropriateness of the loan purpose

• Planned repayment schedule

2.5. Financial Condition

• For businesses: analysis of financial statements including assets and liabilities

• Overall financial health and cash flow

3. Relevant Legislation and Regulatory Framework

• The Law of the Republic of Uzbekistan “On Credit Activity”

• Regulations and credit risk management policies issued by the Central Bank of Uzbekistan

• Interbank data sharing systems and credit history monitoring mechanisms

4. Additional Recommendations

• Prepare and submit complete and accurate documentation to the bank

• Thoroughly review and understand loan terms, interest rates, and repayment schedules before signing

• Seek financial advice or legal assistance if necessary to better understand obligations