Loans of the People's Bank of Kazakhstan: registration, conditions and interest

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The procedure for obtaining a loan in modern banks is extremely simplified: in most cases, the borrower only needs an identity document, and consideration of a loan application takes from 15 minutes. It remains only to choose a banking organization, come to the branch and contact a loan consultant.

One of the largest banks in Kazakhstan is Halyk Bank. Availability of branches in the most remote areas, competitive conditions and focus on various customer segments distinguish this financial organization in the market of Kazakhstani banking services. But before you run to the office of the company, you need to familiarize yourself with a number of important conditions for a loan at Halyk Bank of Kazakhstan: interest, terms, commission, etc. It will be discussed below.

About "People's Bank"

Halyk Bank of Kazakhstan (Halyk Bank, Halyk Bank) is the largest second-tier universal bank in the country. The financial institution has the most extensive network of ATMs in the country andhas over 400 branches throughout Kazakhstan. Therefore, one of the main advantages of this institution is the availability and convenience of service. Halyk Bank is actively developing remote channels for working with clients: call-center, Internet banking, information and payment terminals. The company plays one of the key roles in the banking services market: Halyk Bank serves a significant part of the state apparatus employees, public sector employees, military, social workers, etc. This financial institution is an agent of the Government of the Republic of Kazakhstan for the payment of pensions and benefits. Halyk Bank's product line is popular both among payroll project participants and in other client segments. In particular, the population is interested in the variety and availability of loans in the "Halyk Bank" of Kazakhstan. These loan programs include:

• unsecured consumer loan;
• advance before payday;
• an emergency loan;
• loan for pensioners;
• loan secured by a savings deposit.

How to apply for a loan?

There is only one way to leave an application for a loan at the "Halyk" Bank of Kazakhstan - to personally come to the branch with a set of necessary documents and contact the manager. Also on the official website of the financial institution, there is a form for submitting a preliminary application for the secured lending program. This resource can be usedloan calculator to quickly obtain information on the current interest on a loan in the "Halyk Bank" of Kazakhstan. In other cases, for more detailed advice, you need to call the Call-Center or ask a question in the official group of the bank in social networks.

Loan without collateral for consumer purposes

The final interest rate on such a loan depends on three factors: the presence of a salary card in the People's Bank, the inclusion of a commission for arranging a loan in the loan amount, and the purchase of an insurance policy. More details on the terms of the loan in the "Halyk Bank" of Kazakhstan in an unsecured form can be found in the tables below (taking into account the fact that 100 tenge is approximately 18 Russian rubles)

For holders of Halyk Bank salary cards:

Conditions	No commission	With commission (from 2%)
Age	from 23 years old
Credit term	from 9 months. up to 5 years; also available for 6 months. with life insurance	from 6 months. up to 5 years
Annual remuneration rates	from 30% (GERR from 34.5%); with life insurance - from 1% (ESV from 1%)	from 16% (GERR from 21.8%)
Loan amount	from 150,000 to 6,000,000 tenge

For clients who are not members of the Halyk Bank payroll project:

Conditions	No commission	With commission (from 8%)
Age	from 21 years old to retirement age, according to the legislation of the Republic of Kazakhstan
Credit term	from 6 months. up to 5 years
Annual remuneration rates	from 21% (GERR from 23%)	From 7% (ESV from 25, 1%)
Loan amount	from 150,000 to 5,000,000 tenge

Salary advance

This type of loan is convenient for those who have a salary card in Halyk Bank and need a small express loan before salary. The minimum loan amount is 20,000 tenge, the upper threshold is limited to 50% of the salary, but not more than 500,000 tenge. The interest rate is set at 36%, GERR - from 43.3%. Age requirements: 25 to 58 years for women, 63 years for men. Clients with a salary of at least 70,000 tenge and above are allowed to consider a loan application. To apply for a loan, it is enough to have an identity document with you. Loans of "Halyk Bank" of Kazakhstan in the form of an advance are repaid automatically after the receipt of wages to the borrower's account.

Credit for urgent needs

Lending secured by real estate is available both for the categories of clients who receive salaries at Halyk Bank and for other segments. The conditions for all are identical, except for the interest rate, and look like this:

• age: 21 to 65;
• loan amount: determined by the level of solvency of the borrower and the cost of collateral;
• loan term: from 3 to 120 months;
• proof of income: required if the requested loan amount exceeds 40% of the market value of the borrower's collateralized property;
• remuneration rate: for participants in a salary project with a commission - from 15.5% (GEER from 17.6%), without commission - from 25.5% (GEER - from 28.7%); for other clients with a commission - from 19% (SER - from 21.5%), without a fee - from 27.0% (SER - from 21.8%);
• down payment: not required;
• commission for arranging a loan: 2% of the loan amount + 20,000 tenge.

Pension credit

For pensioners, "People's Bank" offers to issue a cash loan under the following conditions:

• age: up to 70 years at the end of the loan;
• loan term: from 9 to 48 months;
• loan amount: from 150,000 to 4,000,000 tenge;
• remuneration rate: with commission - from 20% (SER - from 27.8%), without commission - from 30% (SER - from 34.4%);
• commission for arranging a loan - 8%.

Secured by a bank deposit

A loan product targeted at the segment of Halyk Bank's depositors has a minimum of requirements due to reliable collateral, which is a deposit in this bank. The maximum loan amount should not exceed 90% of the amount of the deposit in the bank. The term of the loan depends on the term of the savings deposit.deposit and is not less than 1 month. The interest rate is set depending on the presence of a commission in the loan amount. When including a commission in the amount of 1% for crediting credit funds to the current account of the client, the percentage of this indicator is calculated as follows: interest rate on the deposit + bank margin (from 1.5% to 6%). In case of commission exclusion, the amount of remuneration starts from 27.0% (ESV - from 30.6%)

Loans at Halyk Bank of Kazakhstan: advantages and disadvantages

The advantages of Halyk Bank loan programs include:

• a wide range of loan programs for various categories of clients;
• affordable interest rates: from 1% (GEER from 1%) for participants in payroll projects, from 7% (GEER from 25.1%) - for the rest of the segment;
• high maximum loan amount under the unsecured lending program - up to 6,000,000 tenge;
• minimal package of documents and fast terms for consideration of a loan application in most cases;
• significant age limit for a borrower for lending - up to 70 years;
• payment by the bank of expenses under personal insurance and collateral programs, with the exception of property insurance for vehicles under the preferential car loan program.

Among the cons come to the fore:

• high fees for arranging a loan: from 2% to 8%;
• presence of restrictions on early repayment of the loan - there are commissions for partial (full) repayment of the loan withinminimum term for using the loan.

Halyk Bank provides consumer lending to various categories of individuals with the possibility of providing collateral. The conditions under the bank's loan programs are available to a wide segment of the population due to acceptable interest rates and moderate requirements for the borrower. Applying for a loan at Halyk Bank of Kazakhstan is quite simple - you need to contact the nearest branch of the bank or fill out a client form on the company's website. A bank consultant will help you choose the most suitable option, taking into account the solvency of the applicant, the availability of a Halyk Bank salary card and other factors.