Support of domestic automakers

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:

Cost of 1 car not more than 15 million tenge
Credit period not more than 7 years
Loan currency tenge
Nominal interest rate up to 4%
 (annual effective rate (including
 the cost of insurance and clearance
 to guarantee vehicles) must not exceed

List of automakers participating in the Program:

LLP "Saryarkaavtoprom»

  ТОО «СарыаркаАвтоПром» ТОО «Hyundai Trans Kazakhstan»
1 JAC S3 Hyundai Sonata
2 JAC S4 Hyundai Accent
3 JAC S5 Hyundai Elantra
4 JAC S6 Hyundai Creta
5 JAC JS6 Hyundai Tucson
6 JAC J7 Hyundai Bayon
7 JAC S7 Hyundai I 20
8 УАЗ Hunter Hyundai I 30
9 УАЗ Patriot
10 Chevrolet Damas DLX
11 Chevrolet Nexia
12 Chevrolet Cobalt
13 Chevrolet Malibu
14 Chevrolet Tracker
15 Chevrolet Оnix
16 Chevrolet Spark
17 KIA Cerato
18 KIA Optima (К5)
19 KIA Rio
20 KIA Sportage
21 Kia Сeed
22 Chevrolet Lacetti
23 Kia Seltos
24 Kia Picanto
25 Kia Soul
26   Lada Niva  
27  Lada Vesta
28  Lada Granta  
29 Lada Xray
30 Lada Largus
Jetour X70
32 Lada 4х4

* 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» 7 310 000 5 375 000
10 000 000
JSC "Halyk Bank of Kazakhstan» 12 045 906,02
6 750 000
25 000 000
JSC "Bank CenterCredit» 3 830 000 3 875 000
JSC " Forte Bank» 1 641 459 - 5 000 000
JSC "ATF Bank» 1 400 000 -
TOTAL 26 227 365,02
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

Participating banks