In Kazakhstan, preferential mortgages can be obtained through several programs. Today, Otbasy Bank offers the most favorable terms. However, affordable housing can also be arranged through other banks. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
Who is eligible for the 2% mortgage
This mortgage can only be arranged by citizens from socially vulnerable groups who are in the housing queue. These include:
- 01veterans, persons equated to them, and veterans of combat operations on the territory of other states;
- 02orphaned children;
- 03holders of the Altyn Alqa and Kumis Alqa awards;
- 04families with children with disabilities or raising them;
- 05persons with disabilities of groups I and II;
- 06widows (single men).
The mortgage is granted for 20 years. However, a down payment of 10% is required. The average family income per member over the last 6 months must not exceed 5 minimum subsistence levels (254,255 tenge in 2026).
How to get a 5% mortgage
Other citizens who are not part of socially vulnerable groups and are in the housing queue can arrange this mortgage. However, 70% of housing is distributed primarily among vulnerable groups, and the rest can be arranged. Otbasy Bank also offers a 7% mortgage on the same terms. Both programs are designed for 20 years, with a down payment of 10%.
Today, being part of a socially vulnerable group is not mandatory to join the housing queue. Requirements for queuing:
- 01no housing on the territory of the republic over the last 5 years;
- 02the only housing is recognized as emergency;
- 03for the cities of Astana, Almaty, and Shymkent, permanent registration for the last 3 years is required.
It is worth noting that today the number of people in the housing queue has approached 900 thousand.
Limited mortgage
Otbasy Bank has mortgages issued with a limit. For example, recently 20 billion tenge was allocated as a second tranche for the Umai mortgage program for women. It was distributed to 850 people within one day.
Program terms:
- 01interest rate – 14.4% (annual effective remuneration rate from 15.4% to 16.4%);
- 02after accumulating 50% of the loan amount, the rate decreases to 3.5–5% (annual effective rate from 3.6%);
- 03down payment – 15-20%;
- 04loan amount – up to 50 million tenge;
- 05loan term – from 6 months to 10 years.
Housing can be purchased on the primary or secondary market. Additionally, within the program, a loan for home renovation can be obtained. The maximum loan amount for renovation does not exceed 15 million tenge. Similarly, under the Nauryz-Zhumyskер program, mortgages are arranged with a limit.
Nauryz mortgage
Under the program, housing can be purchased on the primary market, and in single-industry towns and rural settlements – on the secondary market. The maximum loan amount for Almaty and Astana is up to 36 million tenge, for other regions – up to 30 million tenge.
Mortgage terms:
- 01down payment – 20%;
- 02loan rate for socially vulnerable categories of citizens in the housing queue – 7%;
- 03loan rate for all categories of citizens – 9%;
- 04loan term – up to 19 years.
Is there a 7-20-25 program
Today, mortgages offered by banks can be used to purchase housing directly from construction companies and on the secondary market. The annual remuneration rate for such mortgages exceeds 20%. However, the 7-20-25 mortgage can be arranged through second-tier banks.
Program requirements:
- 01the applicant must not own other housing;
- 02the mortgage is granted only for newly built housing, and documents must be available;
- 03the cost of housing must not exceed the limit (30 million tenge in Astana, Almaty, Aktau, Atyrau, and Shymkent; 25 million in Karaganda and Turkestan; 20 million tenge in other regions);
- 04the 7% mortgage can be obtained only once.
The limit for this program for the next year has not changed. It is distributed quarterly through banks at 25 billion tenge each. Participating banks: CenterCredit Bank, Freedom Bank, Halyk, RBC Bank, Altyn bank, ForteBank, Eurasian Bank.