Who is eligible for a “military product” mortgage loan

Housing payments from the state are received by employees of 7 departments:

1. NSC;
2. Ministry of Defense;
3. National Guard;
4. state security services;
5. Ministry of Internal Affairs (not all personnel);
6. foreign intelligence service "Syrbar";
7. military prosecutor's office.

Payments go to special accounts of employees. Most of them are open in the Otbasy bank.

The account holder independently disposes of payments:

• can collect money on a deposit in Otbasy bank in order to get a loan in the future;
• can transfer the entire amount or partially to pay for rental housing;
• can use payments to pay off a mortgage loan.

Recipients of housing payments will be able to purchase their own housing through participation in the system of housing construction savings.

In order to become a member of the housing construction savings system, you need to open a special deposit in the Otbasy bank and after a certain period of time receive a loan at a rate of 3.5% to 5% per annum.

Once the recipient of the housing benefit has accumulated 50% of the value of the home, he can apply for a home loan at the lowest interest rate in the country.

At the same time, work experience and family composition are not taken into account in the selection of applicants.

Housing can be bought in any city in the country.

Housing benefits can only be used to purchase a home once.

Housing payments can be directed to both rental housing and savings in Otbasy bank at the same time.

Housing payments:

• Not subject to withdrawal to the budget;
• Cannot be pledge, except for preliminary / interim loans of Otbasy bank;
• They cannot be seized for other obligations of the owner of this account;
• Another second-tier bank cannot make payment claims for this money to pay off overdue debts on loans issued.

In order to use housing payments as savings and receive bank remuneration and state premiums on them, it is necessary to open a special deposit to which housing payments or part of them will be transferred from a personal special account.

To open a personal special account and deposit you need:

• Identity card;
• Certificate of the recipient of housing payments (issued by the Housing Commission at the place of service);
• Tripartite housing benefit agreement (issued by the employer).

The recipient of housing payments, when opening a personal special account and deposit, must have a mobile phone with him in order to receive an OTP-code (one-time password).

The program works in two versions – "Әскери баспана 8/15" and "Әскери баспана 6/50" – depending on the size of the initial payment.

Meanwhile, at present, the conditions for obtaining a loan under the "Әскери баспана 8/15" program are as follows:

• the minimum required amount of savings is from 15%;
• the interest rate on the loan is 8% (GESV from 8.3%);
• the loan term is up to 25 years;
• the maximum loan amount is up to 50 million tenge.

If the recipient of housing payments has already accumulated 50% of the cost of housing on the deposit or he has the opportunity to supplement the deposit for such an amount, then you can not participate in the competition and immediately take out a loan under the "Әскери баспана 6/50" program. That is, the loan rate will not be 8%, but 6%.

The conditions of the program "Әскери баспана 6/50" are:

• initial payment – 50%;
• the interest rate is 6% (GESV from 6.2%), it is possible to switch to a housing loan from 3.5% to 5%;
• the loan amount is up to 100 million tenge;
• the loan term is up to 25 years.

For the convenience of military personnel, a loan application can be submitted online through the concierge mortgage service. To do this, you need to log in to otbasybank.kz and click on the "video call" button. The video operator will accept the application and bring it to the receipt of the mortgage. This is done for the convenience of customers.

In 2022, changes were made to the terms of the "Askeri Baspana" program. Now its participants can only purchase new real estate. This may be housing that has already been commissioned or housing under construction that has a guarantee from a Kazakhstan Housing Company (KZHK).