Loan product “Donish”
Loan purpose
To contribute to the high quality of education in Tajikistan by providing access to affordable finance. The Education loan product “Donish” targets all creditworthy customers all over Tajikistan who need an affordable loan to pay the annual tuition fees of their children or closest relatives who are studying or got an admission at schools or universities/institutions.
For information about banking tariffs on this product, please see the tariffs
This product is designed to pay tuition fees for university, institute, college, school or training centres.
Minimum amount: 900 Tajik somoni
Maximum amount: 20 000 Tajik somoni
Currency: Only in Tajik somoni
Minimum term: 3 months
Maximum term: 12 months
Grace period on principal repayment: Not stipulate
Borrower’s contribution: Not required
Guarantor: Not required
Collateral: Not required
Loan interest: 20% p.a
Service charge: According to the tariffs of credit products
Method of interest calculation: Daily on the loan balance
Method of loan repayment: Monthly equal payments – annuity payment
Full early loan repayment or partial prepayment: Authorised without penalty upon written application
Method of calculation of penalty for late payment of loan: 0.3% for each day of delay. The penalty is calculated on the unpaid principal amount of the debt
Additional information:
- Students who pass all examinations with honours will be given a 1% discount ;
- Students studying in finance, banking or IT with the help of this product get an opportunity to do internship in the branches of the bank or head office;
- Remittance income is also recognised as a source of income for loan repayment;
- The loan amount must be credited to the institution’s account under the contract or account;
- The effective annual interest rate is calculated individually for each loan;
- In case of non-payment of the loan and its interest, the debt shall be forcibly collected.