Yes, the borrower must be at least 21 years old but not older than the retirement age defined in the Republic of Kazakhstan. The only exception is a deposit secured loan that requires the minimum age of 18 years.
Documents confirming the marital status of the borrower (marriage certificate or notarized statement that he/she is not married)
Certificate of salary for the last 6 months, length of work and position that contains information about the applicant/co-borrower with the obligatory indication of: name of employer, address and phone number of the company, signed by the authorized person of the organization and certified by the seal
Certificate from address bureau
Additionally for secured lending
Title documents on collateral + identification documents of all owners of property
Assessment report from an independent appraisal company
Statement (notarized) of spousal consent to pledge apartment; or a statement that the borrower was not married at the time of the apartment’s provision as collateral (for secured lending)
Сertificate form №2 about the presence /absence of encumbrances (for secured lending) The bank may require additional documents if necessary
Loans are provided by the means of crediting money to the borrower’s current account. In case if the loan’s purpose is purchase of real estate, loan funds are credited to the property seller’s account at QAZKOM.
Repayment of principal debt in equal parts: the borrower makes payments (of principal debt and interest) at fixed periods of time and in this way the principal debt amount included in each monthly payment stays the same, whereas payment of interest is made in the actually accrued amount
Repayment in a form of annuity payments: the borrower makes equal payments to pay off his/her loan (principal debt and interest) at fixed periods of time and in this way the monthly payment amount stays the same while the proportions of principal debt and interest change
By the means of putting or transferring money on the borrower’s current/card account, from which the bank will write off the payment toward the amount of principal debt as well as interest in the amount and on the date specified in the repayment schedule.
No, it is not needed. The bank itself provides accident insurance for the borrower as well as insurance of the property that serves as collateral of guaranteeing fulfillment of the bank’s obligations under concluded bank loan and pledge agreements. It means that insurance costs are borne by the bank.
Bank refinances obligations on loans obtained by applicants in other second-tier banks in which they have positive credit history for a period of not less than 6 months before the date of applying to the bank.
The collateral value is established by independent appraisal companies (IAC). IAC list can be requested from loan officers. The bank prepares a report on the compliance of IAC assessment to internal requirements.