In connection with the increasing inquiries, "Industrial Development Fund" JSC announces the following.
By Decree of the Government of the Republic of Kazakhstan dated September 2, 2021 No. 604, one of the main conditions for financing end borrowers purchasing domestically produced cars is the restriction on financing per end borrower no more than once during a two-year period.
In this regard, the Fund agrees on the list of approved applications of banks only for the condition of purchasing a car no more than once every two years, as reflected in the Resolution. The Fund can exclude a potential final borrower from the list (queue) only if the above restriction is identified. There are no other types of approvals by the Fund. This is the only condition for which the Foundation checks.
The above approval takes no more than 1 working day.
