The implementation of the 7-20-25 program of mortgage housing loans has begun in Kazakhstan .
To receive a loan under this Program, an individual must meet the following requirements:
1) the presence of citizenship of the Republic of Kazakhstan;
2) availability of income from labor and (or) entrepreneurial activity;
3) the absence of outstanding debt on housing mortgage loans;
4) the absence of housing on the territory of the Republic of Kazakhstan on the basis of ownership at the time of contacting the bank- participant of the Program.
Banks may establish additional requirements for the borrower that do not contradict the terms of the Program.
Before the issuance of a housing mortgage loan, the bank, in accordance with the requirements of the legislation of the Republic of Kazakhstan and the internal documents of the bank, assesses the creditworthiness of the borrower and co-borrower (if any)
The term of the Program is not defined, that is, the Program is unlimited. Loans are issued only in tenge. Banks charging fees for the provision and maintenance of a loan is prohibited .
There are no requirements for the period of absence of housing. The borrower must not have ownership of housing at the time of applying to the bank participating in the Program to obtain a loan. The requirement for the absence of housing applies only to the borrower, while the share in the property is not a separate residential property.
Involvement of co-borrowers is allowed . The requirements established by the Program for borrowers do not apply to co-borrowers , for whom the bank sets requirements on its own.
The program prohibits the issuance of a loan to a person who has an outstanding home mortgage loan.
The availability of other loans from the borrower will affect the credit rating and the size of the potential loan under the Program.
Overdue loans in the borrower's credit history will negatively affect the credit assessment of the borrower carried out by the bank participating in the Program.
The Program does not provide for restrictions on the age of the borrower. The loan term will be determined by the borrower in agreement with the bank.
The terms of the Program are the same for everyone and therefore no benefits are provided for certain categories of citizens.
The down payment is calculated at 20% of the mortgage value of the purchased property. Determination of the collateral value of the acquired housing is carried out by the participating bank . The contribution must be made in cash. The down payment of 20% is fixed and is paid in a lump sum before the loan is received.
Restrictions on the location of the acquired housing, as well as on the actual place of registration of the borrower are not established.
It is allowed to purchase only primary housing from the developer , as well as other legal entities authorized by the developer (customer), put into operation.
Refinancing of previously received mortgage loans is not allowed.
More detailed information on the terms of the Program, as well as explanations, can be found on the official Internet resource of the National Bank of the Republic of Kazakhstan at the link http://www.nationalbank.kz/?docid=3555&switch=russian .
If you have any questions, you can contact the Kostanay branch of the National Bank at the address: Kostanay, st. Baymagambetova , 195. Tel .: 99-09-13, 99-09-14, 99-09-10., E - mail : kost_80@nationalbank.kz , as well as through the mobile application "NBK Online "