BAKU, Azerbaijan, August 27. Kazakhstan’s
Otbasy Financial institution, a subsidiary of the Baiterek holding, will start
accepting purposes below the “Umai” housing program, financed
by the Asian Growth Financial institution (ADB), on August 31, 2026, the financial institution’s
press service mentioned.
Based on the knowledge, this system, developed based mostly on
ESG ideas, goals to broaden housing alternatives for girls in
Kazakhstan by providing extra reasonably priced phrases, together with a lowered
down cost. Candidates should buy housing in any metropolis within the
nation no matter their place of registration and will not be
restricted by possession of different actual property.
“We see that this system is absolutely working. Throughout the first
three years, greater than 3,600 Kazakhstani ladies had been in a position to transfer
into their very own properties due to this system,” Otbasy Financial institution Chairwoman
Lazzat Ibragimova mentioned.
The ADB offers funding for lending below the “Umai”
program.
The financing might be offered in phases, with the primary tranche
of 9 billion tenge ($19.61 million) already transferred to Otbasy
Financial institution.
Program phrases embody an rate of interest of 14.8% every year, with
an annual efficient rate of interest (AEIR) starting from 16.3% to
16.8%, whereas the utmost mortgage quantity is ready at 50 million tenge
($108,963).
Otbasy Financial institution and the ADB first launched the “Umai” program in
2021. The ADB allotted 38 billion tenge ($82.81 million) for its
implementation. Over the primary three years, this system helped
3,661 Kazakhstani ladies buy their very own properties.
Greenback equivalents are calculated on the alternate charge of 1 USD
= 474.63 tenge.
