The preferential mortgage "Nauryz" is designed for citizens of Kazakhstan who have not owned real estate for the past 5 years. To participate in the program, one must open a deposit account at a bank, fund it up to 2 million tenge, and confirm the absence of property along with proof of income for the last six months. Applications are accepted from March 5 to March 31. Online applications can be submitted through the Baspana Market platform.
The down payment starts at 10% for newly built properties with finishing and at 20% for secondary market housing with rough finishing. The interest rate is 7% for housing queue applicants and 9% for others (APR up to 13%). The maximum loan amount is up to 36 million tenge in Almaty and Astana, and up to 30 million tenge in other regions. Both primary and secondary housing are available in certain categories of settlements. The bank also offers up to 20% of the loan amount for renovations on new constructions.