National Bank of Uzbekistan has started issuing online microloans through the Milliy app for NBU payroll clients and public sector employees.
Borrowers can get a microloan without visiting a bank branch. Terms include an interest rate of 25% per annum, loan amounts up to 100 million UZS, and terms of up to 60 months. The loan is secured by a pledge of the right to claim funds from bank accounts. Applications must be submitted via the Milliy app.
