JSC "Industrial Development Fund" (a subsidiary of JSC "Development Bank of Kazakhstan") on February 6 this year launches a pilot platform for accepting applications under the Program of preferential car loans.
Acceptance of applications will be launched at 10.00 Astana time on the official website www.autonesie.kz . To submit an application, the applicant will need to have a computer, an electronic digital signature (EDS), the Internet, and also decide in advance with the automakers. It will be possible to register on the platform only on the territory of the Republic of Kazakhstan.
The applicant's data when submitting an application on the website will be automatically generated from the EDS. The applicant will necessarily need to enter only a phone number, select an automaker and sign the application. The Applicant will be able to check the fact of registration of the application on the website through the "Personal Account".
It is important to note that the platform forms a pool of Program participants, does not determine the order of car issuance in Dealerships and loans from participating Banks of the Program. It is not possible to change the automaker after submitting the application.
Recall that the program of preferential car loans started in May 2022. 100 billion tenge was allocated for its implementation to second-tier banks (JSC "Halyk Bank of Kazakhstan", JSC "Forte Bank", JSC "BankCentrCredit" and JSC "Eurasian Bank"). With these funds, more than 12.6 thousand cars were purchased. The average size of the car loan was 7.8 million tenge.
To date, the amount of accumulated funds from the repayment of existing car loans through JSC "Industrial Development Fund" is 7.6 billion tenge. Taking into account these data, up to 761 applicants will be able to register at the first launch of the pilot platform. When this number of applicants is reached, the acceptance of applications on the platform will be automatically terminated, and the "Submit application" function will become inactive.
In the future, applications will be accepted on the platform on a monthly basis and will allow registering more than 100 applicants.
We note that the Application is rejected if the Applicant:
1. I have already received a car loan under the Program;
2. Has an up-to-date application on the platform.
The platform for accepting applications under the Preferential Car Loan Program will allow applicants, automakers and banks participating in the Program to track the status of the application in an online format from the moment of submission to the moment of issuance of the car, and will also ensure transparency of the implementation of the Program.
The terms of the Preferential Car Loan Program remain unchanged:
• the cost of 1 car is no more than 15,000,000 (fifteen million) tenge;
• the amount of financing – no more than 10,000,000 (ten million) tenge;
• term of financing - no more than 7 years;
• initial payment - from 0%;
• lending currency - tenge;
• the interest rate is 4% per annum, while the annual effective interest rate should not exceed 7.5% per annum, taking into account the costs of the final borrower for insurance and registration of vehicles (including collateral);
• the final borrowers pay the costs of insurance and registration as collateral of passenger vehicles of domestic production.
List of automakers participating in the Program:
• SARYARKAAVTOPROM LLP
• HYUNDAI TRANS KAZAKHSTAN LLP.
