The total funding limit is 100 billion tenge;
Second-tier banks conduct an examination of the solvency of end borrowers and make a decision on issuing loans. The queue for issuing loans to individuals is maintained by second-tier banks.
If second-tier banks have available funds for issuing loans under the program, second-tier banks send information on approved applications of individuals to the Industrial Development Fund JSC. As part of the allocated funds, the Industrial Development Fund JSC checks the received applications for compliance with the terms of the program (acquisition of a car no more than once every two years) and confirms the possibility of debiting funds from the account by second-tier banks.
The main conditions of the program of preferential car loans:- the cost of 1 car - no more than 15,000,000 (fifteen million) tenge;
- financing term - no more than 7 years;
- initial payment from 0%;
- lending currency - tenge;
- interest rate - 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);
- end borrowers pay the costs of insurance and collateralization of domestically produced passenger vehicles.
- SARYARKAAVTOPROM LLP
- HYUNDAI TRANS KAZAKHSTAN LLP
The list of models of domestically produced passenger vehicles for purchase by final borrowers - individuals within the framework of interbank lending programs aimed at supporting domestic automakers:
SARYARKAAVTOPROM LLP- Chevrolet Spark
- Chevrolet Nexia
- Chevrolet Cobalt
- Chevrolet Malibu
- Chevrolet tracker
- Chevrolet Trailblazer
- Chevrolet Equinox
- Kia Picanto
- Kia Rio
- Kia Cerato
- Kia K5
- Kia Soul
- Kia Seltos
- Kia Sportage
- JAC S3
- JAC S5
- JAC S4
- JAC J7
- JAC S7
- Lada Granta
- Lada Vesta
- Lada XRAY
- Lada Largus
- Lada 4x4
- Lada Niva
- Hyundai Accent
- Hyundai Creta
- Hyundai Elantra
- Hyndai Sonata
- Hyundai Tucson
- JSC "Eurasian Bank";
- Bank CenterCredit JSC;
- JSC Halyk Bank of Kazakhstan;
- Forte Bank JSC.
This list is not final, as applications from second-tier banks are considered, Industrial Development Fund JSC will add partners participating in the program.
The program is designed for 30 years and is based on "revolving" lending: at the expense of funds received from the repayment of the principal debt by individuals who have received a loan, banks will issue new loans for the purchase of cars.
