The Kazakhstan Housing Company has opened sales of apartments in residential complexes under construction in Shymkent under the Orda Aimaq and Orda Aimaq Plus mortgage programs. Buyers are offered housing with a construction completion guarantee, a down payment starting at 20%, and an interest rate from 10.9%, according to infohub.kz.
According to the subsidiary of the Baiterek holding, purchasing a property under construction allows buyers to lock in the price per square meter in the contract and choose convenient financing terms. The company's guarantee protects buyers by ensuring the completion of the construction within the established timeframe.
The terms of the Orda Aimaq and Orda Aimaq Plus programs include a down payment starting at 20%, a loan amount from 2 million to 75 million tenge, a loan term from 24 to 240 months (up to 20 years), an interest rate from 10.9%, and an annual effective interest rate (AEIR) ranging from 11.7% to 19.9%.
"The specific lending terms depend on the loan parameters, including the down payment amount and the loan term," the KHC noted.
Apartments can be purchased in residential complexes under construction in Shymkent that have a KHC guarantee and participate in the relevant housing programs.
The mortgage is available in the following residential complexes in Shymkent: Otbasy, Pioneer City, Shattyq city, Zhanuia, KAINAR VILLAGE Club Town, 4 Seasons-3, SHYRAI Residence, Big tulpar, and Panorama.
Earlier, Kursiv wrote that the Umai women's mortgage is being implemented by Otbasy Bank together with the Asian Development Bank for a total of 90 billion tenge. Working Kazakhstani women with official income and pension contributions over the past six months can participate in the program. The maximum loan amount is up to 50 million tenge, and the loan can be issued for a term from six months to 25 years.