Contract financing

Purpose

Expenses related to the implementation/fulfilment of the contract(s): payment for services and/or purchase of goods, raw materials, etc.

 

More information about Contract Financing Program is here

 

Special requirements for the lending entity

For unsecured loans:

• Availability of a valid contract;

• Availability of a current account in our Bank and serviced (including participants in banking support of contracts in Eldik Bank OJSC) for at least 3 months;

• Stable financial position of the company;

• Positive credit history and business reputation of the borrower;

• Experience in contracts and/or positive experience in lending at Eldik Bank OJSC.

For secured loans:

• Availability of a valid contract;

• The company's financial position is stable.

Additional terms

• Settlements between the borrower and its counterparties under contract financing are carried out only by non-cash means/through Bank support of the contract in the Bank;

• The contract must be valid at the time of conclusion of the loan agreement;

• For contracts concluded through public procurement, it is necessary to provide an information sheet on the winner's status on the EGP portal.

Special conditions that must be included in the loan agreement

Accent-free write-off of funds from all client accounts in the Bank in case of a loan default

​​​​​Currency

Som/US Dollars

​​​​​Loan term

For the duration of the contract plus 30 days (taking into account the waiting period), but not more than 12 months

Sum

Depends on the client's needs based on the terms of the contract, but the loan/financing limit amount should not exceed 80% of the contract amount or the residual value of the contract at the time of application review;

*20% of the contract amount must be the client's own contribution.