A meeting on rendering assistance to mortgage borrowers was held in the Akimat of Almaty
Today, the Deputy Akim of Almaty Maksat Kikimov held an online meeting with the participation of representatives of the Agency of the Republic of Kazakhstan on Regulation and Development of the Financial Market and leaders of public associations of problem housing mortgage loans, on the situation with the implementation of the Program of Refinancing of Housing Mortgage Loans / Mortgage Loans, implemented by the National Bank of Kazakhstan, together with the Agency on behalf of the First President of the Republic of Kazakhstan - Elbasy Nursultan Nazarbayev since 2015.
The Agency's website contains the contacts of the Commissions, as well as bank employees for interacting with borrowers and a list of documents required for banks to consider providing additional assistance to mortgage borrowers. Also, on fingramota.kz there are answers to frequently asked questions about the Program with a "feedback" function and the ability to ask a question about the terms of implementation.
The meeting also discussed the problems that borrowers face when submitting applications to second-tier banks and the terms of consideration of the submitted applications.
The Agency provided information on the situation with the implementation of the Program, which has three main directions.
In Kazakhstan, as of April 1, 2021, within the framework of the first part of the Program, 28 thousand loans were refinanced in the amount of 171 billion tenge. The debts of borrowers for remuneration, commissions, and penalties in the amount of 154.3 billion tenge were forgiven.
The second part of the Program, providing for the conversion of foreign currency mortgage loans of citizens, was completed in 2020. 13.8 thousand foreign currency mortgage loans were converted in the amount of 132.1 billion tenge. Forgiven debts of borrowers for remuneration, commission, penalty in the amount of 109.3 billion tenge.
According to the results of the Agency's work together with banks, 100% of foreign currency mortgage loans of the population that meet the conditions of the Program were converted into tenge at a preferential rate, and citizens are protected from currency risks in the future.
At present, the third part of the Program is being implemented, which is aimed at supporting mortgage borrowers whose loans were previously refinanced under the Program under the Socially vulnerable groups of the population category, as well as citizens whose only dwelling was transferred to the balance sheet of banks due to the fulfillment of obligations on mortgage loans.
Banks have been granted the right, based on an analysis of the financial and social situation of the borrower, to individually apply additional mechanisms to alleviate the debt burden in the form of reducing the principal debt, establishing preferential schedules with a monthly payment of 20,000 tenge while maintaining the borrower's income not lower than the subsistence level. Benefits and social benefits paid from the state budget and (or) the State Social Insurance Fund and alimony are also not recognized as income under the Program.
In order to return to the ownership of the borrower the only housing on the bank's balance sheet, financial institutions are given the right to finance the borrower at a rate of interest of 3% per annum or to lease the dwelling to him with the possibility of subsequent redemption.
To date, additional assistance has been provided to more than 1.5 thousand borrowers in the amount of 14 billion tenge.
The deadline for providing additional assistance to mortgage borrowers expires on July 1, 2021.
Borrowers who meet the Program's criteria must apply to lending banks by June 1, 2021 to reduce their debt burden.
If the bank receives a refusal to provide additional assistance, borrowers have the right to apply to the Commission for the consideration of borrowers 'complaints about banks' refusals to refinance loans under the Program.