Application for amendments to the terms of the bank loan agreement

Dear Customer!

KZI Bank (hereinafter referred to as the Bank) informs that in accordance with Article 36 of the Law “On Banks and Banking Activities in the Republic of Kazakhstan”, within thirty calendar days from the date of the delay in fulfilling the obligation under the banking loan agreement, the borrower - an individual has the right to visit the bank and (or) submit in writing or in the manner prescribed by the bank loan agreement, an application (with mandatory supporting documents attached), containing information about the reasons for the delay in fulfilling the obligation under the bank loan agreement, income and other confirmed circumstances (facts) that cause the application to amend the terms of the bank loan agreement, including those related to:

1)      a downward change in the interest rate under a bank loan agreement;

2)      change in the currency of the balance of the principal debt on a bank loan issued in foreign currency to the national currency;

3)      deferred payment of the principal debt and (or) remuneration;

4)      changing the method of debt repayment or the order of debt repayment, including the repayment of the principal debt on a priority basis;

5)      change in the term of a bank loan;

6)      forgiveness of the overdue principal debt and (or) remuneration, cancellation of the forfeit (fine, penalty fee), commissions and other payments related to servicing a bank loan;

7)      self-realization by the mortgagor of immovable property that is the subject of mortgage, in the manner prescribed by Article 20-1 of the Law of the Republic of Kazakhstan “On Mortgage of Real Estate”;

8)      submission of a compensation in exchange for the fulfillment of an obligation under a bank loan agreement by transferring collateral property to a bank;

9)      the sale of immovable property that is the subject of mortgage, with the transfer of obligations under a bank loan agreement to the buyer.

            The bank, within fifteen calendar days after the date of receipt of the application of the borrower - an individual, will consider the proposed changes to the terms of the bank loan agreement in the manner established by the regulatory legal act of the authorized body, and in writing or in the manner prescribed by the bank loan agreement, the borrower will be informed about:

1)      consent with the proposed changes to the terms of the bank loan agreement;

2)      proposal to change the terms of a bank loan agreement;

3)      refusal to change the terms of the bank loan agreement, indicating a reasoned justification for the reasons for such refusal.

The borrower - an individual, within fifteen calendar days from the date of receipt of the Bank's decision or if a mutually acceptable decision is not reached on changing the terms of the bank loan agreement, has the right to apply to the authorized body with simultaneous notification of the Bank.

             If you have any questions, you can contact the following hotline number: 8 (727) 2444 000.

 

Sincerely,