KazAgroFinance Relaunches Preferential Leasing Program for Agricultural Machinery at 6% per Annum

KazAgroFinance JSC has announced the relaunch of its preferential leasing program for agricultural machinery with an annual interest rate of 6%. The initiative is aimed at supporting farmers seeking to upgrade their equipment with minimal financial burden.
The program allows for leasing domestically assembled self-propelled machinery, primarily tractors and combines. Key terms include no down payment, no collateral, and a financing period of up to 10 years. This model is particularly attractive for small and medium-sized farms that often struggle to provide initial payments or collateral.

The company emphasized that the program allows for the purchase of up to three units of equipment worth up to 205 million tenge per client. This makes the offer accessible not only to smallholders but also to mid-sized farms in need of essential field machinery.

According to KazAgroFinance, this 6% program complements the already well-known “Preferential Leasing” plan offered at 5% per annum. However, there are significant differences between the two. The existing 5% program requires an initial down payment starting at 10%, with a maximum term of 7 years. It also includes a grace period on principal repayment until the end of 2025.

In contrast, the new 6% program is designed to provide more flexible conditions for agricultural producers focused on long-term planning and looking to avoid upfront expenses. Experts note that such an approach will better meet the needs of the sector, especially as access to machinery is critical to the efficiency of planting and harvesting operations.

Applications for the program can be submitted via the dedicated Telegram bot @kaz_agro_finance_bot or through regional offices of KazAgroFinance. Further information is available on the official website: www.kaf.kz.