Getting an education is an important stage in the life of a modern person. Education opens for anyone a straight road to new, great opportunities. Despite the presence in the education system of wonderful opportunities for free education, still most students need to pay for knowledge. The introduction and development of the system of educational loans is one of the ways to facilitate the acquisition of knowledge for entrants. In this article, we will talk about educational loan, tell you about the methods of obtaining it and what documents are needed for this.
In order to ensure access to technical and professional, post-secondary, higher and postgraduate education since 2005, "Financial Center", JSC, acts as a guarantor on behalf of the state on educational loans issued by second-tier banks of the RK. Educational loans are issued under the guarantee of Financial Center, JSC of the Republic of Kazakhstan. The loans themselves are issued directly by second-tier banks of the RK.
Financial Center, JSC, performs work in the following areas:
- issuance of guarantees for loans provided to students by second-tier banks;
- ensuring the return of previously issued state educational and student loans (performance of attorney agent services);
- Coordination of the program "State Educational Accumulation System";
- per capita normative funding of secondary education;
- employment of graduates of higher educational institutions, within the framework of the Law of the RK "On Education".
To date, the second tier banks are actively participating in the system of guaranteeing educational loans: Sberbank of Russia, ForteBank, Nurbank, Tengri Bank.
Each of the partner banks has developed its own loan program to pay for tuition, with the conditions and requirements for the borrower. More information about each...
Educational loans
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SBERBANK OF RUSSIA (the service is temporary unavailable)
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NURBANK
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TENGRI BANK
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FORTE BANK
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INTEREST RATE
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16.5%
(real ≈ from 19.5%)
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20%
(real ≈ 22.5%)
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20%
(real ≈ 22.3%)
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10%
(real ≈ 11%)
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LOAN TERM
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up to 12 years
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up to 10 years
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up to 10 years
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up to 10 years
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SECURITY
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- a collateral is not required;
- availability of 1 or 2 guarantors (a close relative residing in the territory of the Republic of Kazakhstan)
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- a collateral is not required;
- In case the borrower can not confirm his solvency, it is necessary to attract 1 or 2 guarantors (a close relative residing in the territory of the Republic of Kazakhstan)
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- a collateral is not required;
- In the absence of the borrower's income, 1 or 2 guarantors are required (a close relative residing in the territory of the Republic of Kazakhstan)
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- a collateral is not required;
- availability of 1 or 2 guarantors (a close relative residing in the territory of the Republic of Kazakhstan)
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MODE OF STUDY
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bachelor
master
intramural
daytime
evening
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bachelor
full-time
extramural
daytime
evening
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Education in colleges without restrictions
Education in universities without restrictions
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Unlimited for students of the University of Narxoz
(Astana, Almaty)
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GRACE PERIOD
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During the study period and 6 months after graduation, it is NOT NECESSARY TO PAY THE BASIC AMOUNT OF THE LOAN, pay only interest on the loan!
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TARGET AUDIENCE
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NO LIMITS
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ACADEMIC PERFORMANCE
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- not lower than 50 points according to the results of UNT/CTA;
- not less than 3.5 points according to the results of the current examination session on a five-point system;
- not less than 1.33 points according to the results of the current exam session on the credit system.
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MINIMUM AMOUNT OF LOAN
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From 150 000 tenge
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MAXIMUM AMOUNT OF LOAN
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Not limited
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up to 5 000 000
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up to 6 000 000
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up to 3 000 000
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EARLY REPAYMENT
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Without penalties
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Advantages for borrowers
Advantages for borrowers:
- The loan is issued for the applicant/student. responsibility for payment of training is transferred from the parents to the student/student.
- All levels of study: colleges, bachelor's, master's, doctor's degrees.
- All forms of training: intramural, extramural, daytime, evening, distance, etc.
- The interest rate is much lower than the market rate.
- Long term loan.
- The delay for the repayment of the loan amount while the student is studying and plus 6 months after graduation.
- Without collateral.
- The loan amount is limited only by the cost of training.
- The loan is transferred to the settlement account of the educational institution every semester/year as required.
- The loan is issued by partner banks, it can be issued in all major cities of Kazakhstan.
Comparison with similar loans
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Consumer loan (bank conditions)
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Student Educational Loan
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Interest rate
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From 28% per annum and more
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from 10% per annum
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Term of repayment
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Up to 3-5 years
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Up to 12 years
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Receipt scheme
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At a time
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In order to reduce the overpayment of the loan, the transfer is made in parts by semester and as required.
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Security
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Property
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Guarantee of Financial Center JSC
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Grace period
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No
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For the period of study and 6 months after the end, a deferral for loan repayment is given
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Early repayment
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Without fines
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Without fines
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Other
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- restrictions on the amount of the loan,
- age restrictions (from 21 years),
- proof of income
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- no age restrictions;
- without restrictions on the amount of the loan, as a whole;
- in some cases it is necessary to have a surety.
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What documents need to be prepared for an educational loan
Documents for the borrower:
- ID card.
- The certificate of the UNT (notarized copy) for applicants or a transcript for the last session.
- A contract for the receipt of educational services or a bill for payment with an indication of the cost for the period of study.
- Notarized consent of the parents (legal guardians) to receive a loan, if the borrower is under 18 years old, as well as other documents, in the case of the Bank's request.
Documents for co-borrower:
- ID card.
- Certificate from the place of work.
- Information on pension contributions.
- Documents reflecting and confirming wages.
- Other documents are possible, if the Bank requires it.
For the additional information contact 8 800-080-28-28 or visit www.fincenter.kz.
