BTA Bank Announces Launch of Unique Credit Event
OREANDA-NEWS. September 24, 2012. BTA Bank announces on the launch of a unique “Save on Express” credit event. During the event only you can transfer any current express loan from any other bank to BTA Bank with clear advantage:
At a beneficial interest rate
Without fees for loan arrangement
Without fees for application consideration
Do you need cash over the amount you got initially? There is such possibility under our event! By refinancing loans received from other banks you can:
Get an additional express loan amount
Without fees for loan arrangement
Without fees for application consideration
Refinancing conditions*
Parameters |
Option | |
Express salary |
Express alternative | |
Standard interest rate**, % p.a. |
24% |
15% |
Interest rate** for Ular Umit SPF and borrowers with a positive credit story, % p.a. |
22% | |
Fee for bank account maintenance (monthly of the loan amount) |
0% |
0,5% |
Fee for loan arrangement |
0% | |
Fee for application consideration |
0% | |
Maximum loan amount |
KZT 3 000 000 | |
Maximum loan term |
60 months |
* the terms are applied in case a part of/full amount is used to refinance current Borrower’s debt with other bank. Refinancing is carried out by transfer of the funds to the Borrower’s account with the other bank. The rest of the amount will be available for withdrawal.
** annual effective interest rate is from 24,36%
Example of refinancing
Current loan with the other bank
Debt balance |
KZT 320 000 |
Term |
12 months |
Monthly payment |
KZT 31 000 |
New loan with BTA Bank
Loan |
KZT 1 000 000 |
Term |
48 months |
Interest rate |
p.a. 22% |
Monthly payment |
KZT 31 506 |
Out of the new loan amount KZT 320,000 is paid to the other bank and KZT 680,000 is issued to the Borrower. Herewith monthly payment under the loan is just KZT 506 higher.
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