Consumer loan
Unsecured money for any purpose. Decisions are quick and amounts moderate, but the rate is higher than on secured products — the lender has nothing behind it except your income and credit history.
Loans in Uzbekistan
Loan calculator and how the terms work
Work out the payment and the total overpayment, compare an annuity schedule against a declining-balance one, and see what actually sets the rate.
Calculator
50 000 000 UZS
28 %
24 mo
Monthly payment2 744 425 UZS
Total repaid65 866 197 UZS
Overpayment15 866 197 UZS · 32%
On these terms the declining-balance schedule costs 1 282 864 UZS less than the annuity. Payments start higher, but you pay less overall.
Calculated on the nominal rate. Fees, insurance and mandatory charges are excluded — in a contract they roll into the total cost of credit, so the real figure will be higher.
Types of loan
Microloan
A small, short-term amount from a microfinance organisation. Fewer requirements and faster approval, but the annualised rate is markedly higher than a bank’s. The gap is widest on short terms.
Car loan
A purpose loan secured on the car itself. The rate is below a consumer loan because the lender holds collateral, but the car stays pledged until the loan is cleared and insurance is normally mandatory.
Credit card
A revolving limit with a grace period. Clear it within the grace period and there is no interest; miss it and the rate is usually higher than an ordinary loan, charged from the transaction date.
Mortgage
A long loan secured on property. The rate is the lowest of any type, but the term runs to years — and it is that term that makes the absolute overpayment the largest of them all.
What sets the rate
The floor is what money costs the lender: the central bank rate it borrows at, and the deposit rates it pays savers. No loan is written below that floor under any circumstances.
On top sits a risk margin, driven by verified income, credit history, whether there is collateral or a guarantor, and the term. All else equal, a secured product is almost always cheaper than an unsecured one, because the lender has something to recover.
Last comes everything the advertised rate leaves out. Origination fees, mandatory insurance and contract-linked charges all raise the real cost. Compare products on the total cost of credit, not the number on the banner.
Comparing offers
We do not yet collect loan terms from banks and microfinance organisations, so there is no comparison table on this page. It will slot in here once the data exists — until then a calculator and a plain explanation are more honest than an empty table.
Explainers
Getting a loan: what the lender checks, and what you should
What lenders require, how the decision is put together, and why the approved rate differs from the advertised one.
Microloan or bank loan: which is cheaper, and when
How a microfinance product differs from a bank one, why its annualised rate is higher, and when it is still the right call.
Car loans: collateral, insurance and the down payment
Why a car loan is cheaper than a consumer loan, what the pledge means in practice, and how the down payment moves the total cost.
Frequently asked questions
How does an annuity schedule differ from a declining-balance one?
On an annuity the payment is identical for the whole term, but the early payments are almost all interest and the debt falls slowly. On a declining-balance schedule the principal is repaid in equal slices and interest accrues on what is left, so payments start higher and shrink. The declining-balance schedule always costs less in total.
Why is the rate in the contract higher than the advertised one?
The advertised figure is the nominal rate — interest only. A contract also carries fees, mandatory insurance and other charges, and together they make up the total cost of credit, which is almost always higher. That is the number worth comparing.
Is it worth repaying early?
Yes, where interest accrues on the outstanding balance — which is how both annuity and declining-balance schedules work. The sooner the balance falls, the less interest accrues afterwards. Early repayment saves most in the first half of the term, while the balance is still large.
Which is cheaper, a microloan or a bank loan?
Annualised, a bank loan is almost always cheaper. A microloan wins on speed and light requirements, not on price. Over a short term the absolute difference can be small, but the longer the term, the more the microfinance product costs.
Calculations are indicative and are not an offer of credit. Final terms are set by the lender.