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Almaty

Car loan for small-sized business entities

Requirements to the purchased motor-vehicle transport

Primary market:

  • new motor-vehicle transport manufactured in Russia;
  • special vehicles – new;
  • motor-vehicle transport of foreign manufacture, including those assembled in Kazakhstan, with operation period up to 13 years.

Secondary market:

  • motor-vehicle transport of foreign manufacture, including those assembled in Kazakhstan, with operation period up to 13 years.

Note: Excluding motor-vehicle transport of Chinese manufacture.

Car loan currency

Credits shall be granted in tenge, US dollars and Russian roubles

Car loan amount

Minimal amount – 450 000 tenge or 3 000 US dollars/equivalent in Russian roubles.
Maximal amount – 45 000 000 tenge or 300 000 US dollars/equivalent in Russian roubles.

Note: Amount of loan shall not exceed the value of the transport vehicle minus initial installment (if it is provided for).

Crediting period

Minimal crediting period - 3 months.

Maximal crediting period:
Primary market:

  • motor-vehicle transport manufactured in Russia  – 60 months;
  • motor-vehicle transport of foreign manufacture – 60 months;
  • motor-vehicle transport of foreign manufacture with operation period from 10 to 13 years – 36 months.

Secondary market:

  • motor-vehicle transport of foreign manufacture, with operation period up to 10 years – 60 months;
  • motor-vehicle transport of foreign manufacture, with operation period from 10 to 13 years – 36 months.

Minimal initial installment

Minimal initial installment shall make up not less than 40% of the value of purchased motor-vehicle transport in case, if examination of car loan is carried out without assessment of paying capacity of the Borrower.

In case of paying capacity assessment the Minimal initial installment shall make up:

  • Primary market: 15% of the value of purchased motor-vehicle transport (20% for cargo motor-vehicle transport and special vehicles);
  • Secondary market: 30% of the value of purchased motor-vehicle transport.

Note: It is allowed to grant car loans without payment of initial installment, under the condition of additional security registration, collateral value of which covers the established amount of initial installment.

Car loan security

Purchased motor-vehicle transport is registered as a car loan security. Any other personal estate/real estate can be accepted as additional security basing on the decision of the Credit Committee of the Bank.

Requirements to insurance

Insurance of the purchased motor-vehicle transport on basic hull insurance risks (theft, damage) on terms and conditions established by the agreement concluded between the Bank and the insurer shall be compulsory. Insurance of additional security shall be made basing on the decision of the authorized body of the Bank.

Procedure of car loan repayment

  • By Equal Monthly Installments (monthly payments equal by amounts, including repayment of credit and payment of compensation);
  • monthly repayment of the principal debt in equal parts and accrued compensation fee.

Note: It is possible to provide flexible debt repayment schedule.

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