Mortgage organization "Kazakhstan Mortgage Company", a subsidiary of NUK "Baiterek” JSC, continues to implement the program of the Refinancing Mortgage Housing Loans / Mortgage Loans *.
Nowadays, Kazakhstan Mortgage Company JSC received 138 applications from borrowers for refinancing mortgage housing loans / mortgage loans under the Program of the National Bank of the Republic of Kazakhstan. About 100 loans have been approved for loans in foreign currency, 21 loans have been approved for loans in national currency and 11 loans have already been refinanced.
Ruslan Kakim, Deputy Chairman of the Board of Mortgage organization "Kazakhstan Mortgage Company" JSC:" When refinancing foreign currency loans, the monthly payments of borrowers are significantly reduced due to recalculation at a low rate and reduction of the free rate. The program was developed to solve the problems in the field of mortgage lending, it supports the main social vector of the state to increase the availability of housing for low-income and socially vulnerable segments of the population, to alleviate the financial burden on mortgage payments, to promote and preserve the only housing mortgage borrowers who received loans during the period from 2004 till 2009. And we see that the program is really effective. "
The reduction in the amount of monthly payments is possible due to the recalculation of the loan at the official rate of the National Bank of Kazakhstan as of August 18, 2015 – 188,35 KZT per 1 us Dollar. In addition, for citizens belonging to the categories of socially vulnerable segments of the population (as of January 1, 2015 or on the date of application) the loan rate is only 3%.
The program covers tenge loans that meet the following criteria: loans issued during the period from January 1, 2004 till December 31, 2009, debt as of January 1, 2015 does not exceed 36 470 000 KZT, and loans for which the collateral real estate was the only residential property of the borrower (as of January 1, 2015).
We remind you, that citizens can apply for refinancing of foreign currency loans until December 15, 2018. Mortgage organization "Kazakhstan Mortgage Company" JSC works under the Program directly with applications from borrowers whose loans are in the mortgage portfolio of the Company.
Details on the terms and conditions of the program of the Refinancing Mortgage Housing Loans / Mortgage Loans can be found on the website of Mortgage organization "Kazakhstan Mortgage Company" JSC https://kmc.kz/ru/program/refinancing or by calling the toll-free hotline 8 800 080 44 48.