"Industrial Development Fund" JSC allocated the remaining limit of "Eurasian Bank" JSC within the framework of the Preferential Car Loan Program
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"Industrial Development Fund" JSC allocated the remaining limit of "Eurasian Bank" JSC within the framework of the Preferential Car Loan Program

"Industrial Development Fund" JSC allocated the remaining limit of "Eurasian Bank" JSC within the framework of the Preferential Car Loan Program

19.08.2022

Industrial Development Fund JSC (hereinafter referred to as the Fund) allocated the remaining limit in the amount of 10 billion tenge to Eurasian Bank JSC as part of the Preferential Car Loan Program (hereinafter referred to as the Program).

Thus, the Fund funded the banks participating in the Program in the amount of 100 billion tenge, of which:

  • Eurasian Bank JSC - 35 billion tenge;
  • Bank CenterCredit JSC - 27.5 billion tenge;
  • Halyk Bank of Kazakhstan JSC - 22.5 billion tenge;
  • Forte Bank JSC - 15 billion tenge.

To date, the Program has accepted 31,538 applications for the purchase of a car, of which 12,483 have been approved in the amount of 95.517 billion tenge. In total, 10,015 cars were issued in the amount of 77.068 billion tenge.

In the context of regions, the most applications for the purchase of a car were received:

  • Almaty city - 7,031;
  • Nur-Sultan city - 5,381;
  • Shymkent - 4,664;
  • Kostanay region - 2,465;
  • Karaganda region - 2 109;
  • East Kazakhstan region - 1,732;
  • Pavlodar region - 1,442;
  • Aktobe region - 1,144;
  • Zhambyl region - 1,112;
  • Kyzylorda region - 815;
  • Mangistau region - 720;
  • Atyrau region – 616
  • West Kazakhstan region - 594;
  • Akmola region - 571;
  • North Kazakhstan region - 524;
  • Almaty region - 470;
  • Turkestan region - 148.

We remind you that the program of preferential car loans is designed for 30 years. After the full development of the allocated limit, the provision of car loans will be carried out on the basis of the Revolving Lending Mechanism, at the expense of repaid loan payments by primary borrowers.

The launch of the Revolving Mechanism under the Preferential Car Loan Program is planned for September this year, after which the participating banks will continue to collect applications for car loans.