What a client needs to know
What should a client know before taking out a bank loan?
A loan is a convenient and very useful financial instrument. However, it's important to remember that a loan is a great responsibility. Therefore, try to clearly assess your ability to repay.
Count only on a regular source of income. If you've decided to take out a loan, visit your nearest branch. The bank's contact information can be found on the official website.
To obtain accurate, reliable, and transparent information about loans from MDO MATIN LLC, please contact:
Contact Center. Call 7755. Our consultants are ready to answer your questions 24/7!
Social Media and Messengers. We are available on Facebook, Instagram, and Telegram.
The bank's website is https://matin.tj/person/credits
Consultation with a loan specialist. Visit your nearest branch and you will receive a high-quality consultation!
Don't hesitate to ask a bank employee:
How much can I get?
What is the time frame?
Is there a fee for obtaining a loan?
What is the monthly payment amount?
Check the interest rate.
How is the loan repaid?
What are the penalties for early repayment or late payment?
The organization's penalties for violating the terms of the loan agreement (late payment):
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For early repayment, interest is charged as is (i.e., until the day the loan is used).
However, if the Borrower fails to repay the loan on time, the Bank reserves the right to charge a penalty for each day of delay, based on the overdue payment.
Loan repayment can be made directly through the nearest branch (in case of full or partial early repayment, be sure to notify your loan officer).
The Bank may require the Borrower to sell the collateral to cover all obligations under the terms of the Loan Agreement.
In the event of partial or complete failure by the Borrower to fulfill their obligations under this Agreement, the Bank has the right to provide a certificate to the Credit History Bureau as a measure of liability for the Borrower.
If the proceeds from the sale of the pledged property are insufficient to satisfy the Bank's claims, the Bank has the right to demand other property from the Borrower to cover the shortfall without exercising its preemptive right in accordance with the legislation of the Republic of Tajikistan.
Good to know!
Please read the terms of the loan agreement CAREFULLY before signing. Don't hesitate to ask the loan officer questions if you don't understand anything in the agreement!
A client's credit history is a very important factor, one that the client creates for themselves! A good credit history builds a positive business reputation for its owner, while a poor credit history may result in a denial of a repeat loan.
Pay attention to the annual effective interest rate (AER).
This is the total amount of all payments made by the borrower under the loan agreement.
The methodology for calculating the interest rate on a loan, as defined by the NBT's regulations:
The following is taken into account when calculating interest: 360 days per year for loans with a maturity of up to 1 year inclusive, and 365 days for loans with a maturity of over 1 year.
The calculation of calendar days per year (360 or 365) is the same when calculating interest on loans and/or borrowed funds (deposits, etc.).
The following formula is used to calculate interest on loans:
𝐒 = (𝐤∗𝐫∗𝐭)/𝐃∗𝟏𝟎𝟎
S - Accrued interest amount on the loan;
k - Loan balance;
r - Annual interest rate of the loan;
t - Number of days used on the loan;
D - Number of calendar days in a year (360 or 365).
You can calculate your loan amount using the loan calculator at https://matin.tj/person/credits
Approach your loan wisely!
Have any questions? Contact us, and we'll help you!