More than 11k applications for online registration of real estate pledge

"In July last year, the state corporation" "government for citizens" "together with second-tier banks (JSC" "Halyk Bank of Kazakhstan"", JSC" "Bank Freedom Finance Kazakhstan"", JSC ""Otbasy Bank"") launched a pilot project to automate and optimize the process of providing services "" state registration of rights (encumbrances) to real estate using Blockchain technology."

Since the launch of the pilot project, Kazakhstanis have submitted 11,515 applications for state registration of collateral. "Of these, 6429 applications were accepted through "" Family Bank"", 2629 through ""Halyk Bank of Kazakhstan ""JSC, 2457 through ""Bank Freedom Finance Kazakhstan "" JSC."

Now, using the new technology, banks independently send the necessary documents to the PSC. This made it possible to reduce the service life from 3 to 1 day. Thanks to the automation of the legal analysis process, the time from the moment of application submission by banks to registration was 3 minutes. The new technology will completely eliminate the influence of the human factor. To date, 2,591 applications have been submitted through the automation of the legal analysis process.

Previously, citizens had to personally send documents received from the bank to the PSC for registration of a pledge agreement on real estate. There, the pledge registered the contract, received a certificate of encumbrance and returned to the bank with the registered contract. Thanks to Blockchain technology, the process has been automated.

Customers can not even go to the PSC to get documents confirming the registration of real estate. Result of Public Service egov.kz it is always available in your personal account on the portal.

Government for citizens egov.kz we remind you that the following Real Estate Services can be obtained online through the portal:

Registration of occurrence of legal requirements;
Registration of termination of legal requirements;
Registration of collateral, rent, use;
Registration of changes in encumbrances as a result of changes in the terms of the agreement;
Re-registration of collateral;
Registration of termination of an encumbrance not related to the transfer of rights;
Registration of a notification of non-fulfillment of obligations;
Registration of a trade notification;
Registration of assignment of the right of claim under the loan agreement.