JSC Halyk Bank (the 'Bank') resumes the issuance of low-interest auto loans under the state program implemented by the Development Bank of Kazakhstan in support of domestic automakers and exporters. Borrowers are offered 37 leading Korean, Japanese and other car models assembled at SaryarkaAvtoProm LLP and JSC ASIA AUTO domestic enterprises. The total limit of the program second phase for all participating banks is 11,000,000,000 tenge. This is the second tranche JSC Development Bank of Kazakhstan allocates for auto lending purposes to commercial banks through conditional financing out of the National Fund of the Republic of Kazakhstan to support domestic automakers.
Main terms and conditions of the program:
Target audience | Individuals |
Loan intended purpose | acquisition of domestic car model |
Loan period | 2 to 5 years |
Interest rate | 4% p.a. AEIR max. 7.5% p.a. |
Loan currency | tenge |
Car purchase cost | Max. 9,000,000 tenge |
Down payment | from 0% - for salary project participants 20% - for other clients |
Loan security | Vehicle to be acquired |
Fee | - |
List of documents | ID document* |
* More documents can be requested by the Bank, if needed
The list of domestic car models that can be acquired under the program:
JSC Asia Auto:
- Chevrolet Aveo
- Chevrolet Captiva
- Chevrolet Cruze
- Chevrolet Malibu
- Chevrolet Orlando
- Chevrolet Tracker
- KIA Carens
- KIA Ceed
- KIA Cerato
10. KIA Cadenza
11. KIA Optima
12. KIA Picanto
13. KIA Rio
14. KIA Carnival
15. KIA Sorento
16. KIA Soul
17. KIA Sportage
18. LADA 21214
19. Škoda Octavia
20. Škoda Rapid
21. Škoda Superb
22. Škoda Yeti
SaryarkaAvtoProm LLP
23. Hyundai Tucson
24. Hyundai Elantra
25. Hyundai Sonata
26. Hyundai Santa Fe
27. Hyundai i-30
28. SsangYong Nomad
29. JAC A20
30. JAC J4
31. JAC J5
32. JAC S3
33. JAC S5
34. JAC J6
35. JAC M5
36. Geely GC-7
37. Toyota Fortuner
JSC Halyk Bankis the leading universal bank in Kazakhstan with the largest customer base and the broadest branch network. Halyk Group has been developing as a universal financial services group rendering a wide range of services (banking services, brokerage, insurance, leasing, and asset management) to its retail, SME and corporate clients. TheBankalsooperatesinRussia, GeorgiaandKyrgyzstan through its subsidiaries.
PR Service
JSC Halyk Bank
tel. +7 727 2 590 816, pr@halykbank.kz, www.halykbank.kz
JSC Halyk Savings Bank of Kazakhstan issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 11:32:07 UTC
Original Document: http://www.halykbank.kz/en/investor-relations/press-releases/5770