“Merchant” Loan
“Merchant” Loan has been developed especially for individual entrepreneurs or owners/co-owners of the company with 50% and more equity share as well as for the notaries, advocates, private law-enforcement officials. The Loan is executed for an individual.
Loan terms
The loans are issued for the consumers’ goals in Tenge, Russian Rubles and US Dollars.
Term of loaning is between 6 and 36 months.
Advantages of the loan
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No initial contribution;
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No security (pledge is not required);
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Without commission for early repayment (after 3 months from the date of loan issue).
Requirements to a loaner
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Citizenship of the Republic of Kazakhstan;
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Age from 26 years old. The age before expiry of the loan repayment shall not exceed the pension age established by the law of the Republic of Kazakhstan (men – 63 years, women – 58 years).
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Stable and confirmed income;
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Work experience taking into account registration of the client/company least 6 months, if business is seasonal – at least 12 months;
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No negative credit history.
Loan sum
The loan is granted for the sum between KZT 75 000 and 3 000 000 or the equivalent in Russian Rubles or US Dollars.
Repayment procedure
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By equal monthly installments;
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By equal shares;
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Flexible schedule.
Early repayment of the loan
In case of full/partial loan repayment from fifteen calendar day from the date of entering into the bank loan contract and before expiry of 3 (Three) months from the date of loan issue the commission fee for early repayment of the loan is paid in the amount of 5% of the loan early repaid sum.
In case of full/partial loan repayment within fourteen calendar days from the date of entering into the bank loan contract and after expiry of 3 (Three) months from the date of loan issue, the commission fee for early repayment of the loan is not paid. The minimum sum of the partial early termination is no less than the 1st installment.