Kazakh banks raised rates of car loans by 6%

The Kazakh banks have raised the rates of car loans almost by 6%.

Over the past six months, car loans in Kazakhstan have rised the rates of car loans almost by 6%, the analytical service Ranking.kz reports

 

"For six months (December 2014 - May 2015), the average effective rate of auto loans in Kazakhstan increased by 5.8%.", Trend reports.

 

The current, interest rate of car loans is 24.2%, in December it was 18.4%.

 

About 17 second-tier banks provide car loans with the 70 proposals in Kazakhstan.