Request a cal
The funds of the National Fund and the Republican budget of the Republic of Kazakhstan are allocated to support domestic automakers through conditional financing of second-tier banks (hereinafter - STB) for lending to individuals - buyers of Kazakhstan-made passenger cars.
The total funding limit is 26 billion tenge from the national Fund, 8 billion tenge from the National budget and 40 billion from the National Bank of RK.
Second-tier banks conduct an examination of the solvency of end borrowers and decide on the issuance of loans. The queue for issuing loans to individuals is conducted by second-tier banks.
If the second-tier banks have idle funds to issue loans under the program, the second-tier banks send information to the Development Bank on approved applications of individuals. Under the budget of the National Fund of the Republic of Kazakhstan, the Development Bank checks the received applications for compliance with the conditions of the program (maximum cost of the car, loan term, nominal rate of return) and, within 3 business days, confirms the possibility of writing off of amounts by second-tier banks from a special account with the National Bank of the Republic of Kazakhstan. Within the allocated funds from the Republican Budget and the National Bank of Kazakhstan, there is no procedure for confirming the write-off of funds from a special account with the National Bank of the Republic of Kazakhstan.
Conditions of the program of preferential car loans:
| SaryarkaAvtoProm LLP | Hyundai Trans Kazakhstan LLP | ||
|---|---|---|---|
|
1. |
FAW Hongqi HS5 |
1. |
|
|
2. |
Skoda Karoq |
2. |
Hyundai Accent |
|
3. |
Skoda Octavia |
3. |
Hyundai Elantra |
|
4. |
Skoda Kamiq |
4. |
Hyundai Tucson |
|
5. |
Jac J7 Plus |
5. |
Hyundai Bayon |
|
6. |
Jac J7 |
6. |
Hyundai I 20 |
|
7. |
Jac JS5 |
7. |
Hyundai I 30 |
|
8. |
Jac S3 |
8. |
Hyundai Mufasa |
|
9. |
Jac S3 Pro |
||
|
10. |
Jac JS4 |
||
|
11. |
Jac S5 |
||
|
12. |
Jac JS6 |
||
|
13. |
Jac T6 |
||
|
14. |
Jetour Dashing |
||
|
15. |
Jetour X70 |
||
|
16. |
Jetour X70 Plus |
||
|
17. |
Jetour X90 Plus |
||
|
18. |
Jetour X50 |
||
|
19. |
Chevrolet Cobalt |
||
|
20. |
Chevrolet Malibu |
||
|
21. |
Chevrolet Tracker |
||
|
22. |
Chevrolet Damas |
||
|
23. |
Chevrolet Onix |
||
|
24. |
Chevrolet Equinox |
||
|
25. |
Kia Ceed |
||
|
26. |
Kia Cerato |
||
|
27. |
Kia K5 |
||
|
28. |
Kia Soul |
||
|
29. |
Kia Seltos |
||
|
30. |
Kia Sportage |
* models for the car manufacturer Hyundai Trans Kazakhstan LLP apply to 20 billion tenge, issued to second-tier banks in 2020 within the framework of the program for lending to buyers of domestic cars, approved by the Resolution of the Board of the National Bank dated May 31, 2019 No. 79.
The list of banks participating in financing domestic automakers:
| Bank |
Limit within the NF RK, thousand tenge |
A limit within RB RK, thousand tenge |
A limit within NB RK, thousand tenge |
|---|---|---|---|
| JSC "Eurasian Bank» | 7 540 000 | 5 375 000 |
10 000 000 |
| JSC "Halyk Bank of Kazakhstan» | 12 045 906 |
6 750 000 |
25 000 000 |
| JSC "Bank CenterCredit» | 4 060 000 | 3 875 000 |
|
| JSC " Forte Bank» | 1 735 992 | - |
5 000 000 |
| JSC "ATF Bank» | 618 102 | - |
|
| TOTAL | 26 000 000 | 16 000 000 | 40 000 000 |
The program is designed for 20 years and is based on the "revolving" loans : at the expense of funds received from the repayment of the principal by individuals who have received a loan, banks will issue new loans for the purchase of cars.
Progress reports on the implementation of state programs
