Applicants who have not been awarded a state educational grant may finance their studies by obtaining an educational loan guaranteed by the Government. Educational loans are available for study at colleges and higher education institutions in Kazakhstan.

To ensure access to technical and vocational, post-secondary, higher, and postgraduate education, since 2005 JSC Financial Center has acted on behalf of the Government of the Republic of Kazakhstan as the guarantor for educational loans issued by second-tier banks. Educational loans are provided under the guarantee of JSC Financial Center, while the loans themselves are issued directly by second-tier banks of the Republic of Kazakhstan.

Key Terms and Conditions

• Educational loans are provided without collateralunder the guarantee of JSC Financial Center.
• The guarantee coverageranges from 50% to 100% of the principal loan amount and depends on the student’s academic performance.
• The loans are available for higher and postgraduate education.
• Interest rate:20% per annum.
• Grace period:repayment of the principal is deferred until completion of studies and begins six months after graduation.
• Loan amount:equal to the full tuition fee.
• Loan disbursement:a credit line is opened in the student’s name, and the loan is released in installments. Each installment covers the tuition fee for one academic semester or one academic year.

An agreement has been concluded with JSC Nurbank, a second-tier bank authorized to issue educational loans under the guarantee of JSC Financial Center.

Statistics

• Number of guarantees issued:7,287
• Total guaranteed amount:KZT 9 billion
• Total loan amount:KZT 0 billion

For more information about educational loans, please contact JSC Financial Center:

• Address:Mangilik El Avenue, Astana, Kazakhstan
• Call Center:+7 (800) 080-28-28 (toll-free), +7 (7172) 695-127
• Website:kz

At present, JSC Nurbank is the participating second-tier bank in the Educational Loan Guarantee Scheme.

Benefits for Borrowers

1. The loan is issued directly in the name of the applicant or student, transferring responsibility for tuition payment from the parents to the student.
2. Available for all levels of education: college, bachelor’s, master’s, and doctoral programs.
3. Applicable to all modes of study, including full-time, part-time, evening, distance learning, and other study formats.
4. The interest rate is significantly lower than market rates.
5. Extended loan repayment period.
6. Repayment of the principal is deferred throughout the period of study and for six months after graduation.
7. No collateral is required.
8. The loan amount is limited only by the cost of tuition.
9. Loan funds are transferred directly to the educational institution’s bank account each semester or academic year, as required.
10. Loans are issued by partner banks and may be obtained in all major cities of Kazakhstan.

Documents Required to Apply for an Educational Loan

Documents Required from the Borrower

1. Identity card or passport.
2. Anotarized copy of the Unified National Testing (UNT) Certificate (for applicants) or the transcript of the most recent examination session (for current students).
3. An Educational Services Agreementor an invoice indicating the tuition fee for the relevant study period.
4. A notarized consentfrom the parents or legal guardians if the borrower is under 18 years of age, as well as any additional documents required by the Bank.

Documents Required from the Co-borrower

1. Identity card or passport.
2. Certificate of employment.
3. Information on pension contributions.
4. Documents confirming salary or other income.
5. Any additional documents required by the Bank.