Secured loan refinancing
Loan refinancing (secured)
How to get the refinancing?
Loan calculator
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The calculation is preliminary. The exact amount of payments will be determined by the bank based on the results of the application review.
*FCV - expenses that the borrower pays for the period of lending.
About refinancing
Refinancing of a Secured Microloan
Transfer your loan or microloan from other banks to Ipak Yuli Bank under more favorable terms — clear, structured, and without unnecessary complications. Refinancing a secured microloan helps reduce the interest rate, lower the monthly financial burden, and build a more convenient repayment schedule. You can refinance an active loan or microloan issued by another bank.
Key aspects
Clear refinancing terms:
• Loan amount: up to 100,000,000 UZS
• Loan tenor: up to 60 months
• Application review period: up to 3 business days
• Collateral:
– subsequent collateral of the property pledged under the refinanced loan
– motor vehicles
– real estate
– cash funds
– jewelry
• Requirements: an active loan or microloan in another bank with a minimum duration of 6 months
Key benefits
• Reduced interest rate and more comfortable monthly payments
• Option to extend the loan term up to 60 months
• Clear and straightforward refinancing process
• Suitable for large amounts — up to 100 million UZS
• Direct transition to Ipak Yuli Bank without closing the loan independently
4 steps to switch to new terms
1. Submit an application
Visit your nearest Ipak Yuli Bank branch.
2. Provide documents
Submit information about your current loan and collateral.
3. Receive a decision
The bank reviews your application and offers refinancing terms.
4. Start paying under the new terms
We repay your current loan and arrange a new agreement at Ipak Yuli Bank.
Why it is beneficial
• You reduce the cost of the loan
The interest rate is lower compared to your current loan, reducing monthly payments and total overpayment.
• You gain more flexibility
A longer loan term of up to 60 months is available.
• You save time
All stages are completed within one bank, without unnecessary actions from your side.
Online loan application
Apply for a loan in 5 minutes
Important to know
Required documents to get the service
• Pasport / ID-karta;
• Boshqa bank tomonidan berilgan asosiy qarz qoldig‘i va rekvizitlar ko‘rsatilgan ma’lumotnoma yoki rasmiy xat.
Requirements for borrower
A citizen of the Republic of Uzbekistan, aged 18 or older, with an active loan or microloan in another bank/MFO for at least 6 months.
Questions and answers
What is loan refinancing? It is the process of obtaining a new loan from Ipak Yuli Bank to fully repay an expensive microloan or loan in another bank/MFO under more favorable terms.
The refinancing interest rate is reduced by 5% compared to the client’s current loan rate, but it cannot be lower than the minimum rates set by the bank:
• up to 12 months — from 25% per annum
• from 13 to 36 months — from 26.5% per annum
• from 37 to 60 months — from 27.9% per annum
The final interest rate is determined individually based on the loan tenor and the conditions of the existing loan.
Yes, collateral is required. The following types of collateral are accepted:
• Subsequent collateral of the property pledged under the refinanced loan
• Motor vehicles
• Real estate
• Cash funds
• Jewelry
Yes, according to the terms of the agreement.
No, but the rate is reduced by 5% from your current rate, while the final rate cannot be lower than 26% per annum.
Yes, if the total amount fits within the limit of up to 100 million UZS and the debt structure allows it (the loans can be consolidated if necessary).
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Important things to know about loans
What to consider when applying for a bank loan
Before taking a loan, evaluate the key parameters:
- Interest rate and total cost — compare not only the stated rate but also the total cost of credit (which includes all fees).
- Amount and term — borrow only what you need and for a comfortable period so that the payment does not exceed 40–50% of your income.
- Collateral — loans without collateral or a guarantor usually have higher rates but are easier to obtain.
- Disbursement and repayment method — managing your loan online via the mobile app is the most convenient.
Our specialists are always ready to help you calculate and choose the best option for your situation.
Main consequences of failing to repay a loan
Increase in outstanding debt: Penalties, late payment charges, and interest accrue on overdue amounts, increasing the total amount owed.
Enforcement against property and bank accounts: The bank has the right to recover outstanding debt from funds held in the borrower’s bank accounts and from their personal property through court proceedings or enforcement procedures. If the proceeds from the sale of the property are insufficient to cover the debt, the borrower remains responsible for the outstanding balance.
Liability of guarantors and pledgors: If the loan is secured by collateral or a guarantee, the obligation to repay the debt may extend to the guarantors or pledgors. They may subsequently claim reimbursement of the amounts paid from the principal borrower.
Restrictions on leaving the country: A debtor’s right to leave Uzbekistan may be temporarily restricted by a court decision or an order issued by a state enforcement officer.
- Negative impact on credit history: Information about overdue payments is reported to credit bureaus, which may make it difficult or impossible to obtain new loans or installment payment plans in the future.
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