Refinancing of a Secured Microloan

Transfer your loan or microloan from other banks or microfinance organizations 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 or MFO. 

Key aspects 

Clear refinancing terms: 

• Loan amount: up to 100,000,000 UZS 

• Loan tenor: up to 60 months 

• Interest rate: 5% lower than the current loan rate, but not below the established minimums 

• 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 or MFO 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.