Leasing for retail customers
We finance up to 60% of the price of the leasing object
You need to buy expensive machinery, equipment, vehicles or to upgrade production capacities, but you do not have enough funds or collateral security for obtaining a loan?
In this case obtain leasing in KICB and buy fixed assets required for expansion of your business!
Advantages
- You pay from 40% of the planned purchase price.
- Collateral is not required (in case of the advance payment for 40% of the leasing object’s price)
- Convenient payments during the whole period of leasing taking into account seasonal fluctuations or other peculiarities of the leaseholder’s activity.
- Moratorium on the principal debt up to 6 months.
Leasing terms
Purpose of leasing |
Purchase of fixed assets including:
|
Currency |
KGS and USD |
Maturity |
From 6 months to 5 years |
Amount |
From USD 5 000 to USD 100 000 or equivalent in KGS |
Interest rate* |
In KGS - 18% p.a. In USD - 16% p.a. |
Other direct expenses connected with purchase of the leasing object including commissions for opening of letters of credit, transportation costs, customs clearance and insurance are paid by a leaseholder. |
|
Commission fees |
1% of the Bank’s contribution |
Advance payment of a leaseholder |
At least 40% of the leasing object’s amount depending on the kind of the leasing object (without other direct expenses) |
Leasing security |
In case of own contribution over 40% - the leasing object is a security; In case of own contribution less than 40% - additional collateral security is required besides the leasing object. |
Repayment schedule | Annuity or equal payments for repayment of the principal amount |
Grace period | On the principal debt – up to 6 months |
How to obtain leasing?
- Choose a leasing object with a dealer (a supplier), preliminary agree the price and the kitting-up.
- Visit KICB bank and fill in an application.
- In order to conclude an agreement, please bring all required documents
* The effective interest rate is from19.16% p.a. in USD and 21.60% p.a. in KGS.
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