Educational loan

guaranteed by Financial center JSC

In order to expand the availability of education in colleges and universities in Kazakhstan, applicants and students can get unsecured student loans with a deferred payment of the principal amount for up to 10 years. The guarantee of the Financial center under the Ministry of education and science of the Republic of Kazakhstan acts as collateral for loans.

Advantages:

• grace period (deferred): repayment of the principal amount is made at the end of the term of study and 6 months after graduation;
• high loan term: up to 10 years, with the possibility of early repayment without charging penalties;
• credit availability throughout Kazakhstan
• no restrictions on the loan amount (no more than the cost of training);
• no restrictions on the choice of educational institution;

PARTICIPATING BANK:

• Nurbank;
• Tengri Bank;
• Fortebank.

Steps for registration:

Getting a student loan looks like this:

1) the applicant / student applies to a Bank (Nurbank, Tengribank or Fortebank) or a Financial center for advice, collects the necessary documents and submits them to the Bank in their region or place of study;

2) after a positive decision by the Bank and the Financial center, a loan agreement is concluded with the Bank and the loan amount is transferred to the account of the educational institution;

To obtain a student loan, one or two co-borrowers are required, who have income received at the main place of work, and pension contributions for the last 6 months.

ADDITIONAL INFORMATION:

Nur-Sultan, 18 Mangilik El Ave.

www.fincenter.kz www.kredit.fincenter.kz

Educational deposits «AQYL»

(approved by the Law of the Republic of Kazakhstan

«About the State educational accumulative system» from 2013)

The state educational savings system (SESS) allows every citizen of the Republic of Kazakhstan to open an educational Deposit «AQYL» in their own name or in the name of a child to pay for education in colleges and universities in Kazakhstan and abroad. The operator of this system is JSC «Financial center».

On Deposit, the Bank participating in the (SESS)  accrues remuneration – 10% per annum and the state annually accrues a premium-from 5%:

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THE MAIN FEATURES OF THE EDUCATIONAL SAVINGS DEPOSIT:

• The award period is calculated annually for 20 years (about 2.6 billion rubles were paid during the GONS period).KZT 1,068 million will be paid in February 2020);
• Minimum initial payment – 3 MIP (7953 tenge in 2020), (further replenishment without restrictions on time and amount);
• Study in Kazakhstan and abroad, without restrictions on universities and colleges;
• If the accumulated funds are insufficient, it is possible to issue an educational loan.

THE SAFETY OF DEPOSITS:

• The state premium as a type of income is not subject to taxation;
• Educational deposits are insured by the state for up to 10 million tenge;
• There is no possibility of imposing any encumbrances and penalties on the part of third parties;
• Once a year, it is possible to transfer a Deposit from one participating Bank to another;
• The conditions for opening an educational Deposit are stipulated by the Law of the Republic of Kazakhstan “on the State educational accumulative system” (2013).

PARTICIPATING BANKS:

• Halyk bank;
• Nurbank;
• Zhusan Bank;
• VTB Bank.

STEPS TO OPEN A DEPOSIT MUST:

1. STEP-Contact one of the participating banks in YOUR city;
2. STEP-Make an initial payment of at least 3 MIP;
3. STEP-top-Up is possible to the extent of financial possibilities through the Bank’s cashier, mobile apps, and Kazpost’s website.

ADDITIONAL INFORMATION:

Nur-Sultan, 18 Mangilik El Ave.

www.fincenter.kz,www.depozit.fincenter.kz