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Financial Leasing of Special Machinery Not Requiring Installation

 

Designated purpose

Special machinery designated for agricultural works (bulldozers, excavators, ditch diggers (ditch cleaners), bucket levelers, dump levelers, levelers, fuel tankers, pipe laying machines, loader-excavators and other special machinery designated for reclamation machinery and agricultural works)**

Maturity

up to 7 years *

up to 5 years (for machinery manufactured in PRC)

First leasing payment

at least 20% of the value of subject of leasing *

at least 25% of the value of subject of leasing (for machinery manufactured in PRC)

Collateral

not required

Grace period for principal

 

 

up to 1 year

Grace period for interest

Interest rate

 

14.5%

Annual effective rate

 

 

from 14.8%

Special terms

no

Principal and Interest Repayment Schedule

- principal repayment: at least 1 (one) time a year;

- interest repayment: at least 1 (one) time a quarter.

*the subjects of leasing of the European, American, Canadian, Japanese brands manufactured in PRC are financed under these terms.

**These types of subjects of leasing may be obtained within ‘Master-leasing'. The service ‘Master-leasing' is an opportunity to open a leasing credit line for the agricultural sector entities and fixing the financing limit by means of leasing for 1 (one) year, within which the borrower may within 1 (one) year enter into the financial leasing contracts under the terms applicable at the date of contracts without recurrent provision of a full set of documents within 1 (one) year.

Approved by the Resolution of the Board of Directors of KazAgroFinance JSC No.6 dated 28.03.2018