Lending purpose Primary housing (residential property, to which ownership is registered for the first time when it is acquired from the developer, building owner, construction investor, local executive body or other legal entities selling housing on behalf of the developer, building owner, construction investor, local executive body).
Borrowing currency tenge (KZT)
Annual rate of return (fixed rate of return) 7% per annum (APR from 7.23% to 7.3%)
Primary contribution At least 20% of the marketable value of the housing
Maximum property value 30 million tenge for the Astana, Almaty, Aktau, Atyrau, Shymkent, 20 million tenge – for other regions
Maximum amount of the loan 80% of the marketable value of the housing
Loan terms up to 25 years
Fee Fee is not charged
* AFRR (annual effective rate of return) from 7.23% to 7.3%
The absence of housing on the Republic of Kazakhstan territory on right of ownership, confirmed by the cadastral register information, with the exception of:
-availability of rooms in dormitories with a rentable area of less than 15 square meters for each family member
– residential buildings in state of disrepair- No outstanding loan on housing mortgage loans
- Refinancing of loans at the expense of the Program is not allowed (obtaining a housing mortgage loan by an individual for overpayment of a previously issued loan)
- Co-borrower involvement is allowed. At the same time, the requirement of the program on the absence of housing and / or outstanding loan on housing mortgage loans does not apply to the co-borrower
- The minimum income level is from 160,000 tenge for hired employees and 400,000 tenge for individual entrepreneurs
- To obtain a loan under the Program, the borrower and co-borrower (if any) must have income from labor and (or) entrepreneurial activity, confirmed by one of the following documents:
- employees – an extract of the unified accumulative pension fund from the individual pension account for the last six months;
- servicemen and persons exempted from paying pension contributions – a certificate of income from the place of work for the last six months and a bank statement issued by the bank from the account to which the salary is received;
- a tax return of an individual entrepreneur for the last 2 years with a bank statement on the account of an individual entrepreneur.
Right of ownership must be registered only for the borrower
Measures taken by the Bank for non-fulfillment or improper fulfillment of obligations by the Client under the Credit Agreement.
The Bank shall have the right (unless otherwise provided by the Current legislation or the Credit agreement):
- demand payment of penalties (fines, penalties) in the amount provided for in the Credit Agreement; and/or
- in the order of direct debit to withdraw money, in any currency of the amount of the current and overdue Debt of the Client under the Credit Agreement from any accounts of the Client, except as provided by the Current legislation, opened with the Bank and / or other banks and / or organizations engaged in certain types of banking operations, and other credit organizations, convert the amounts so collected in the currency of the outstanding obligations of the Client at the rates in force in the Bank on the date of conversion at the time of writing off; and / or
- file a lawsuit with the court to recover the Indebtedness with allocation of court expenses, including the state duty and expenses related to court proceedings and other expenses of the Bank to the Customer's account, including by foreclosure of any property of the Customer in accordance with the procedure established by the Current legislation, as well as to foreclose the Collateral out of court or in court; and/or
- to entrust the collection of Indebtedness under the Credit Agreement to third parties (including collection agencies) subject to the provisions of the Current legislation; and/or
- take other measures to protect the rights and legitimate interests of the Bank provided for by the Credit Agreement, the Comprehensive Retail Banking Agreement and the Current legislation.