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Leasing of machinery and equipment that require installation


Designated purpose

Equipment and machinery requiring installation

Maturity

up to 10 years

First leasing payment

at least 15% of the value of subject of leasing

Collateral

not required

Grace period for principal

 

up to 2 years

Grace period for interest

 

up to 1 year

Interest rate

 

14.5%

Annual effective rate

 

 

from 14.8%

Special terms

1) financing tenor is fixed according to the limit tenors under the similar investment trend) (see Financing of Investment Trends);

2) pledge of buildings (premises), where the subject of leasing is to be installed, along with the land plot, where the buildings (premises) are located, is required for the whole duration of financial leasing contract to be concluded;

3) if the lessee makes the first leasing payment of at least 25% of the value of subject of leasing before transfer of subject of leasing, the pledge of buildings (premises), where the equipment/machinery is to be installed, along with the land plot, where the buildings (premises) are located, is not required, if the possible uninstallation of such equipment/machinery does not entail any loss in its value (deterioration of its state) and the equipment/machinery to be leased is not to be placed at the part being less 50 % of the total area of building (premise), at that, the value of premises with land plot is obviously (multiply) exceeds, as well as upon existence of one of the following circumstances:

- impossibility to provide a land plot, where the buildings (premises) are located, as a collateral stipulated by the legal acts; 
- encumbrance of land plot;

Principal and Interest Repayment Schedule

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

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


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