​​​​​​​​​​​​​​​​​Receivers get paid on time. Guaranteed by the bank.​

Service Details

K-Aval PN guarantees bills of exchange to the buyer. The bank will guarantee payment when the bill of exchange is due / the holder brings the bill redeem the bill of exchange from the bank.

Aval Periods / Guarantee

According to the agreed credit terms with the partner, which must not exceed the period approved by the bank.

Loan Limit

Subject to the bank’s approval.

Collateral

• According to the credit policy.
  

Status

• Not in NPL status

Income

• Profits in at least 2 out of the past 3 years are positive

Age of business

• Have been in business for at least 2 years

Private individuals

• Copy of the borrower's national ID card
• Copy of the house registration of the borrower and spouse
• Copy of a marriage or divorce certificate (if any)
• Copy of a name-surname change certificate of the borrower or spouse (if any)
• Copy of the personal income tax payment certificate
• A bank statement from a financial institution showing the past 6 months' history of transactions
• Photocopies of documents evidencing ownership rights to the property
• A sales-purchase contract or deposit contract (if any)

Business corporations

• A certified copy of the partnership registration (issued within the past 3 months)
• Certified copies of the company's Memorandum of Association and Articles of Association (issued within the past 3 months)
• Copy of the juristic person’s tax identification card
• Copy of the personal income tax payment certificate
• Minutes of the company board meeting agreeing on a resolution to request a loan and to open an account with the bank
• The latest financial statement submitted to the Revenue Department
• A bank statement from a financial institution showing the past 6 months' history of transactions
• Photocopies of documents evidencing ownership rights to the property
• A sales-purchase contract or deposit contract (if any)