Buying precious metals is one of the oldest investment strategies. Today in Kazakhstan, you no longer need to visit a bank branch to buy gold bars — you can manage everything through an Unallocated Metal Account (UMA), which is opened directly at a bank.
If you’re buying a used car, it’s important to make sure it’s “clean” — meaning it has no legal restrictions (encumbrances). What is a lien on a vehicle? It refers to a situation where the owner cannot fully dispose of the car — for example, sell or gift it. A typical example is when the vehicle is pledged as collateral for a loan. Other forms of encumbrance include the car being stolen (under investigation) or seized due to debts.
When purchasing goods (from household appliances and electronics to clothing and shoes), different payment options are offered — including installment plans and loans. The essence of both methods is simple: you borrow the required amount from the bank and repay it in parts over a set period. But what exactly distinguishes an installment plan from a loan?
When a person is employed, they receive a salary to cover food, housing, and other needs. But how can one meet their needs after being laid off? In case of job loss, Kazakhstan provides social benefits, regulated by the Social Code. These payments come from a fund formed through monthly contributions. Employers make these contributions, while individual entrepreneurs pay them independently.
A client applying for a loan at a bank may face a rejection. Why is a loan not approved? One of the key reasons is a poor credit history. This term refers to all records about how a borrower fulfilled previous loan obligations: how many loans they took out and for what amounts, whether they made payments on time, and if they had any debts. Based on this information, the bank decides whether the client is trustworthy and can be expected to repay the loan.
В соответствии с пунктом 1 статьи 207 Социального кодекса РК, мужчины выходят на пенсию в 63 года, а женщины – по достижении 61 года. Многие пенсионеры не продолжают работать: им положены пенсионные выплаты. Раньше выплаты можно было получить, только когда наступил пенсионный возраст. Но в 2023 году приняли закон, который предусматривает досрочное снятие пенсионных накоплений в ЕНПФ – пенсионном фонде. Однако есть нюансы. Во-первых, снять можно только те средства, которые были получены за счет отчислений ОПВ – обязательных пенсионных взносов. Во-вторых, снятие доступно, если расходовать их планируется на конкретные цели.
A letter of credit is one of the possible settlement methods between a buyer and a seller. It represents a bank’s commitment, on behalf of the buyer, to pay the seller a specified amount in an agreed currency, provided that the seller submits documents confirming the shipment of goods or delivery of services.
According to statistics, most of the population in Kazakhstan lacks significant savings and does not plan their budget. Often, this is not due to unstable employment or low wages, but rather a low level of financial literacy among the population. This article will explore the concept in detail, explain the importance of financial literacy, and discuss ways to improve it. We will also look at how to teach children financial literacy since it is important to introduce them to financial matters from an early age.