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 turn to a credit consultant.
One of the largest banks in Kazakhstan is Halyk Bank. The availability of branches in the most remote areas, competitive conditions and orientation to various customer segments distinguish this financial institution in the Kazakhstan banking services market. But before you run to the company’s office, you need to familiarize yourself with a number of important conditions for a loan at the Halyk Bank of Kazakhstan: interest, terms, commission, etc. It will be discussed below.
About the People’s Bank
Halyk Bank of Kazakhstan (Halyk Bank, Halyk Bank) is the largest universal second-tier bank in the country. The financial institution has the most extensive network of ATMs in the country and has 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. In the banking services market, the company plays one of the key roles: a significant part of the state apparatus employees, public sector employees, military, social workers, etc. are served at Halyk Bank. 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 participants in salary projects and in other client segments. To a particular extent, the population is interested in the variety and availability of loans in the "People's Bank" of Kazakhstan. Such loan programs include:
- unsecured consumer credit;
- advance payment to salary;
- emergency loan;
- loan for senior citizens;
- loans secured by a savings deposit.
How to apply for a loan?
There is only one way to leave a request for a loan at Halyk Bank of Kazakhstan - to personally come to the office with a set of necessary documents and contact the manager. Also on the official website of a financial institution, a preliminary application form for a collateral lending program is provided. On this resource you can use a loan calculator to quickly get information about the actual interest on the loan at the Halyk Bank of Kazakhstan. In other cases, for more detailed advice, you must 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 availability of a salary card at Halyk Bank, the inclusion of a fee for arranging a loan in the loan amount, and the purchase of an insurance policy. For more information on the loan conditions in the “People’s Bank” of Kazakhstan in unsecured form, see the tables below (given that 100 tenge is approximately 18 rubles.)
For Halyk Bank salary card holders:
| Conditions | No commission | With commission (from 2%) |
| Age | from 23 years old |
| Loan terms | from 9 months up to 5 years; also available for 6 months. with life insurance | from 6 months up to 5 years |
Annual interest rates | from 30% (HESV from 34.5%); with life insurance - from 1% (HESB from 1%) | from 16% (HESV from 21.8%) |
| Amount of credit | from 150,000 to 6,000,000 tenge |
For customers who are not members of the People’s Bank salary project:
| Conditions | No commission | With commission (from 8%) |
| Age | from 21 years to retirement age, in accordance with the legislation of the Republic of Kazakhstan |
| Loan terms | from 6 months up to 5 years |
Annual interest rates | from 21% (HESV from 23%) | From 7% (HESB from 25.1%) |
| Amount of credit | from 150,000 to 5,000,000 tenge |
Salary advance payment
This type of loan is convenient for those who have a salary card at Halyk Bank and feel the need for 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 a rate of 36%, HESV - from 43.3%. Age requirements: from 25 years 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 the loan application. To apply for a loan, it is enough to have an identification document with you. Loans of Halyk Bank of Kazakhstan in the form of an advance are repaid automatically after the receipt of wages in the borrower's account.
Emergency loan
Lending on the security of real estate is available both to the categories of clients receiving salaries at Halyk Bank and to other segments. The conditions for all are identical, except for the interest rate, and are as follows:
- age: from 21 to 65 years old;
- loan amount: determined by the level of solvency of the borrower and the value 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 collateral property of the borrower;
- interest rate: for participants in a salary project with a commission - from 15.5% (HESB from 17.6%), without a commission - from 25.5% (HESV - from 28.7%); for other clients with a commission - from 19% (HESV - from 21.5%), without a commission - from 27.0% (HESV - from 21.8%);
- Down payment: not required;
- commission for arranging a loan: 2% of the loan amount + 20,000 tenge.
Retirement loan
For pensioners, Halyk Bank offers a cash loan under the following conditions:
- age: up to 70 years at the time of loan end;
- loan term: from 9 to 48 months;
- loan amount: from 150,000 to 4,000,000 tenge;
- interest rate: with commission - from 20% (HESV - from 27.8%), without commission - from 30% (HESV - from 34.4%);
- commission for arranging a loan - 8%.
Secured by bank deposit
A loan product targeted at the Halyk Bank depositor segment has a minimum of requirements due to a reliable collateral, the role of which is a deposit with this bank. The maximum loan amount should not exceed 90% of the size of the deposit in the bank. The loan term depends on the term of the savings deposit and is at least 1 month. The interest rate is set depending on the availability of the commission in the amount of the loan. When you include a commission of 1% for crediting credit to the client’s current account, the interest rate 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% (HESB - from 30.6%)
Loans to the 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 customers;
- affordable interest rates: from 1% (HESV from 1%) for participants in salary projects, from 7% (HESV from 25.1%) for the rest of the segment;
- high maximum loan amount under the unsecured lending program - up to 6,000,000 tenge;
- minimum package of documents and quick terms for considering a loan application in most cases;
- significant marginal age of the borrower for lending - up to 70 years;
- payment by the bank of expenses for personal insurance and collateral programs, with the exception of property insurance of vehicles under the program of preferential car loans.
Among the minuses come to the fore:
- high fees for arranging a loan: from 2% to 8%;
- restrictions on early repayment of the loan - there are fees for partial (full) repayment of the loan within the minimum term of use of the loan.
Halyk Bank provides consumer loans to various categories of individuals with the possibility of providing collateral. The terms and conditions of the bank's loan programs are accessible to a wide segment of the population due to reasonable interest rates and moderate requirements for the borrower. It is quite simple to apply for a loan at Halyk Bank of Kazakhstan - you need to contact the nearest bank branch 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.