Product type – Microloan for self-employed individuals
The purpose of the loan - microloan for business needs by transferring funds to pay for goods and/or services to the bank's partners.
Microloan term is from 18 to 36 months
Interest rate: 0 (zero)% per annum on immediate and overdue debt *.
* The bank's interest income is provided by a single premium paid by the bank's partners in accordance with the concluded agreements. The premium amount is determined by the terms of the relevant agreements and is set based on the financing parameters, including the loan term.
Own participation:
«Qulay nasiya» - at least 30% of the product price* specified in the purchase agreement, which is transferred to the Bank's Partner under the agreements/contracts concluded between them.
Maximum microloan amount
–up to 300,000,000.00 soums
Security
The following types of security must be provided as security for the microloan, taking into account the following assumptions:
1. Security for vehicles shall be provided in the amount not less than 44% of the microloan amount under the following terms:
- Pledge of motor vehicles of individuals, with internal combustion engines, as well as hybrid vehicles, manufactured no earlier than 2025, with a mileage of no more than 100 (one hundred) kilometers, at an agreed-upon base pledge value in the following amounts:
- no more than 70% of the market value according to the appraisal company's report when pledging used motor vehicles;
- no more than 70% of the purchase price when pledging new motor vehicles purchased with loan proceeds from the Bank's partners* who are official dealers and/or distributors providing legal commercial representation in the name and/or on behalf of the vehicle manufacturer.
Conclusion and execution of a pledge agreement with the Bank in accordance with the established procedure:
- in case of pledging the item purchased with credit funds-within 30 calendar days from the date the credit is granted;
- in other cases- before the credit is granted.
* The list of bank partners is determined and approved by the Credit Committee for Retail Lending of JSCB Kapitalbank.
2. An insurance policy to cover the risk of non-repayment of a microloan in favor of the Bank in the amount of at least 120% of the microloan amount for the entire term of the microloan.
3. Assumptions on security:
- reduction in the amount of security in the form of risk insurance of loan non-repayment is permitted, subject to the requirements for the total security amount and the requirements for the amount of security in the form of pledge for vehicles;
- the bank issues insurance policy/policies for the entire loan term, with the insurance paid for by the bank.
