Jet Finance

Last Updated: 12.08.2021. Date when the basic information was updated
Jet Finance
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 12.5 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 4.5 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
14.7%
Website:
jetcar.kz
Founded:
2018
Employees:
77
Joined Mintos:
August 2021
Loan Types: The type of linked assets the lending company has issued.
Car loan Car loan
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
KZT, EUR
Annual percentage rate charged to borrowers:
36%-80%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 13 397 506
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

About

Jet Finance is a new brand on the Kazakhstan market. Originally part of Mogo Finance (now Eleving), the company has successfully adapted to the specifics of the Central Asian market and became independent in 2021. Owing to a well-built strategy, business processes and competent use of resources, Jet Finance is one of the front-runners in Kazakhstan’s car lending market. 

Jet Finance uses a proprietary scoring algorithm to assess the creditworthiness of borrowers, taking into account multiple data points, such as information from a credit bureau (PKB), the State Center of Pension Payments (SCPP), the Ministry of Justice database, and others. Pledged cars are equipped with GPS systems, which allow the company to quickly find and repossess cars if necessary.

Presentation

Presentation

Last Updated: 25.06.2024

Financials

Financials

Last Updated: 25.06.2024

Loan Agreement

Loan Agreement

Last Updated: 11.08.2021