Passport «Guarantee Plus»

«GUARANTEE PLUS»  PASSPORT

Requirements to the Client
Target audience:

Legal entities;

Individual entrepreneurs;

Age:

(for individual entrepreneurs)

Minimum: 20 years;

Maximum: 65 years *;

* If the age limit is exceeded and in case the guarantee amount is not more than KGS 1 million, it is necessary to provide third-party guarantee.

 Income: Availability of the proven income from entrepreneurial activities to cover expenses of loan service.
Work experience  At least 6 months
Selection criteria

• Providing correct and complete financial information for the company and for a group of related parties;

• Transparency of financial statements;

• Positive credit history;

• Stable current financial condition and availability of stable sources for loan repayment for the entire guarantee period;

•  Absent of debt to tax and social insurance authorities;

• Provision by the Applicant of a liquid security for fulfillment of obligations (collateral, etc.) covering 50% or more of obligations;

Guarantee terms:
Type of documentary product:

• Tender guarantee;

• Performance guarantee;

• Advance payment refund guarantee;

• Payment guarantee;

Bank guarantee amount:      from KGS 100 000 or equivalent in foreign currency;
Guarantee amount: no more than KGS 10 000 000 (ten million);
Guarantee period: not more than 12 (twelve) months;
Guarantee share of  bank guarantee amount:

National currency

Foreign currency

no more than 50% no more than 45%
Guarantee commission:
Bank guarantee: Guarantee commission rate: Additional information:
Cash: 0.5% of the guarantee amount provided per quarter Payment is made once for the entire guarantee period at the rate of 90 days per quarter. The minimum commission amount is KGS 2 500 or the equivalent in foreign currency.
Other collateral: 0.7% of the guarantee amount provided per quarter
Guarantee period extension (prolongation): In the amount of 1/2 of the initial guarantee commission;

For a period not exceeding the initial bank guarantee period.

Payment is made by a single payment for the entire guarantee period.

Amendment of original guarantee terms (except for guarantee period extension):

0.1% of the guarantee amount

(not less than KGS 2 500 and not more than KGS 7 000);

For each application.

Payment for guarantees provided in foreign currency is made at the rate of the NBKR on the day of the decision.

Special terms:

• Guarantee commission calculation is made on a quarterly basis. If the guarantee period is more than 90 days, guarantee commission is charged for two quarters, more than 120 days – for three quarters and then by analogy;

• Guarantee period extension (prolongation) is possible no more than 2 times;

•When extending the guarantee period (prolongation), guarantee commission is charged taking into account extended (prolonged) guarantee period on a quarterly basis;

• In case of early termination of obligations, guarantee commission is not returned.