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Lending terms of Borrowers under Damu regions III program

You get new opporunities to expand your business, pay current expenses and implement plans for further development of business. 

Lending purposes:

  • acquisition of new and modernization of fixed assets
  • working capital financing 

Main advantages:

  • Quick consideration of loan applications;
  • Personalized experience;
  • No penalties for loan prepayment;
  • Borrowers obtaining funding within the Program have a right to apply for participation in Business Road Map 2020 United Program for Business Support and Development to obtain the subsidy and / or guaranteeing. 

Borrower requirements:

  1.  Small and medium-sized enterprises (hereinafter-SMEs) as defined according to the laws of the Republic of Kazakhstan.
  2.  Projects must comply with the requirements of Business Road Map 2020 United Program for Business Support and Development to obtain the subsidy and / or guaranteeing.
  3. The total outstanding balance of the principal debt of the Borrower to the Bank on the loan provided under the Bank Loan Agreement, as well as on all other loans, where the Fund is the source of funding,  is not more than KZT 750 000 000 (seven hundred fifty million).

Prohibited financing of SMEs:

  1. legal entities registered in the offshore zones provided in the order of the Minister of Finance of the Republic of Kazakhstan dated February 10, 2010 No. 52 "On approval of the List of offshore zones for the Law of the Republic of Kazakhstan "About anti-money laundering and terrorism financing" and/or the decree of the Management Board of Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations dated October 2, 2008 No. 145 "On approval of the List of offshore zones for bank and insurance activities, activity of professional participants of securities market and other licensed types of activity in securities market, activity of pension savings funds and joint stock investment funds" and/or in other regulations of the Republic of Kazakhstan, and also which / whose legal entities, founders (including participants, shareholders) are registered in offshore zones;
  2. small and medium-sized enterprises having an overdue loan debt on the loan issue date according to data of State Credit Bureau JSC, First Credit Bureau LLP;
  3. small and medium-sized enterprises having arrears on taxes and other mandatory payments to the budget, obligatory pension contributions and social deductions to the budget exceeding 10-fold monthly calculation indicator at the time of the application; 
  4. legal entities, founders (including participants, shareholders) of which are national managing holdings, national holdings, national companies and organisations with fifty or more per cent of shares (participatory interest in the authorized capital) of which directly or indirectly belong to the state, national managing holding, national holding, national company (excluding social-entrepreneurial corporation-at using the guaranteeing tool);
  5.  state enterprises.

Detailed terms of the product:

Lending purpose 
  • на приобретение новых и модернизацию основных средств
  • на пополнение оборотных средств
Financing type  Loan / Revolving / Non-revolving credit facility
Term
  • Loan term - not more than 84 (eighty four) months 
Maximum amount per borrower
  • KZT 500,000,000 (five hundred million) 
Nominal interest rate
  • not more than 14% (fourteen percent) per annum 
Collateral Borrowers applying for funding and concluded at the time of the application of the guarantee contract financing within the Business Road Map 2020 United Program for Business Support and Development must obtain a new guarantee of the Fund under the financed transaction by the Bank in the framework of  the Business Road Map 2020 United Program for Business Support and Development
Loan currency  KZT
Interest repayment Monthly 
Repayment of principal debt Monthly, in equal installments or by annuity payments 
Fees  According to Tariffs Catalogue of SB Sberbank JSC 
Use form  Use of the loan funds by end-use borrower is carried out in non-cash form 
Penalty for overdue payment of principal debt and interest
  • 0.2% (zero point  two percent) of overdue debt amount for  each day of delay 
Penalties
  • for misuse of loan funds - 15% (fifteen percent) of the amount aimed at inappropriate purpose 
  • for nonuse or untimely use of credit facility - 5% (five percent) of the amount of unused or untimely used credit facility
Prohibited
  • participation in the authorized capitals of legal entities; 
  • covering losses of business activities of end-use borrowers; 
  • payment for services  to proxy holders (agents); 
  • refinancing of loans of end-use  borrowers; 
  • implementation of projects involving the production and / or supply of arms, drug-containing substances and / or  another  property seized  from  civil  circulation; 
  • implementation of projects involving the organization / development of gambling industry;  
  • implementation of projects involving activities related to terrorism and / or any other activity prohibited by the legislation of the Republic of Kazakhstan; 
  • reimbursement of previously incurred costs, repayment of financial assistance received from individuals and legal entities, incl. participants / shareholders / officials  of end-use borrower; 
  • acquisition of assets, works and services from affiliated / related  companies / persons; 
  • implementation by several affiliated  end-use  borrowers  of one  business project  for the total amount exceeding KZT 500,000,000 (five hundred  million). 

One business project is a combination of two or more projects that meet simultaneously all the following criteria: 

- project is implemented in the territory of one object; 
- activities are carried out in the framework of one subclass of the CCEA; 
- there are financial flows between end-use borrowers implementing one business project; 

  • implementation of projects involving the issue of excisable goods (except for the issue of motor vehicles and production of wine made from grapes of own production - at using the guaranteeing tool); 
  • projects involving investment in any securities; 
  • end-use borrowers implementing projects in the iron and steel industry and included in the List of large taxpayers subject to monitoring in accordance with the decree of the Management Board of the Republic of Kazakhstan dated December 31, 2014 №1434 (to be included at using the guaranteeing tool); 
  • implementation of projects in the mining industry, except for working of gravel and sand pits (to be included at using the guaranteeing tool); 
  • acquisition of hotels and hotel complexes (to be included at using the guaranteeing tool);   
  • acquisition of property / assets subsequently issued in the name of third persons, as well as facility construction on the land plot owned by third parties, except for construction on the land plot which is in state ownership; 
  • payment of transactions with clear signs of fraudulence or sham nature in accordance with the civil legislation of the Republic of Kazakhstan. The fact  of fraudulence  or  sham nature is  established  by  the court decision ; 
  • payment of any treaties / contracts / agreements which contain information on the legal address and / or bank account details of counteragents registered / opened in offshore zones stipulated in the order of the Minister of Finance of the Republic of Kazakhstan dated February 10, 2010 №52 "On approval of the List of offshore zones for the Law of the Republic of Kazakhstan "About anti-money laundering and terrorism financing" and/or the decree of the Management Board of Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations dated October 2, 2008 No. 145 "On approval of the List of offshore zones for bank and insurance activities, activity of professional participants of securities market and other licensed types of activity in securities market, activity of pension savings funds and joint-stock investment funds" and/or in other regulations of the Republic of Kazakhstan.

 

For more detailed information please refer to the Bank outlets in your city or call the Contact center 8 (727) 250-30-20, in other regions of Kazakhstan: 8-8000-808-808.​

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