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 with the expiration of the term of study and 6 months after graduation;
● high loan term: up to 10 years, with the possibility of early repayment without penalty;
● availability of credit throughout Kazakhstan
● no restrictions on the amount of credit (no more than the cost of training);
● no restrictions on the choice of educational institution;
Participating banks:
● Nurbank;
● Tengri Bank;
● Fortebank.
Steps for registration:
Getting a student loan is as follows:
1) the applicant/student applies to a Bank (Nurbank, Tengribank or fortebank) or a Financial center for Consultation, collects the necessary documents and submits them to the Bank in their region or place of study;
2) after a positive decision on the part of 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:
Astana, 18 Mangilik El Ave
www.fincenter.kz www.kredit.fincenter.kz
Educational deposits “AQYL”
(approved By the law of the Republic of Kazakhstan
“On The state educational accumulative system “from 2013)
the State educational accumulative system (GONS) 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”.
Deposit Bank party SEFS will be charged interest of 10% per annum and each year the state shall calculate the premium from 5%:
State prize of 5 or 7 %
+
Reward 10% of the Bank
=
The yield on the Deposit to 17 %
The main features of education savings Deposit:
● Premium payment term – annually over 20 years (for the duration of GONS paid about 2.6 billion.in February 2020, 1,068 million tenge will be paid);
● Minimum initial payment – 3 MCI (7953 tenge in 2020), (further replenishment without time and amount restrictions);
● Study in Kazakhstan and abroad, without restrictions on universities and colleges;
● If the accumulated funds are insufficient, it is possible to apply for an educational loan.
Security of deposits:
● The state bonus, as a type of income, is not subject to taxation;
● Educational deposits are insured by the state for up to 10 million tenge;
● The law stipulates that 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;
● 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:
1. STEP – Contact one of the banks participating in the GONS in Your city;
2. STEP-Make an initial payment of at least 3 MCI;
3. STEP – Replenishment is possible as far as possible through the Bank’s cash register, mobile applications, Kazpost website.
Additional information:
18 Mangilik El Ave., Astana