SME Auto Loan for Individual Entrepreneurs and LLPs

Maximum Amount

● New vehicles (passenger, cargo, and buses): up to 100,000,000 KZT

● New specialized machinery: up to 100,000,000 KZT

● Used vehicles (passenger): up to 20,000,000 KZT

Loan Term

● Up to 36 months for vehicles manufactured in CIS countries and China

● Up to 60 months for vehicles manufactured in Germany, France, the Czech Republic, Italy, Sweden, the UK, Spain, the USA, Japan, South Korea, Brazil, and Mexico

Interest Rates

Using Eurasian Bank’s own funds without state program participation – 25% (Annual percentage rate from 28.50%)

Using own funds with participation in the state entrepreneurship support program*

*Detailed conditions for participation in the government program are available on the “Damu” Entrepreneurship Development Fund website.

Initial Payment

● 20% of of the price for vehicles manufactured in CIS countries and China

● 10% of vehicles manufactured in Germany, France,the Czech Republic, Italy, Sweden, the UK, Spain, the USA, Japan, South Korea, Brazil, and Mexico

Partial substitution of the initial payment is possible via a guarantee from the Damu Entrepreneurship Development Fund (client’s own contribution – at least 20%)

Collateral

● Purchased vehicle

● Cash on a deposit account with Eurasian Bank

● Personal guarantee of founders

● Guarantee under the state entrepreneurship support program

Borrower Requirements

● Legal entities and individual entrepreneurs – residents of the Republic of Kazakhstan

● Micro, small, and medium-sized businesses

● Minimum 12 months of business activity