Digital business loan for LLPs Qorus-Infosys Finacle Banking Innovation Awards 2024

This first fully digital credit for business in Kazakhstan began to be issued by Halyk Bank back in 2020, at the height of the pandemic. It can be processed through Onlinebank - online banking for legal entities, as well as through the official website of Halyk Bank. The purpose of the loan is to replenish working capital. The received funds can be used by entrepreneurs to purchase goods, raw materials or to pay for services, as well as to cover the costs of operating activities of the company.

Advantages: - online loan within less than 10 minutes - no penalty for full/partial repayment - limit: Up to KZT 300,000,000 - no fees - no pledges - no paper documents

In order to get a loan, the head of LLP jsut need to: - login to Onlinebank - business application by Halyk Bank; - indicate the amount and term of the loan in the application; - sign it by electronic digital signature (EDS) or by entering the code from SMS; - await the decision of the bank.

The decision is made by the scoring system on the basis of data from internal and external sources, including government databases. Bank employees do not participate in the decision making.