Press Release
JSC 'Nurbank' has started utilizing the allocated funds under the state program for refinancing mortgage housing loans/mortgage loans
We invite you to take advantage of the state program for refinancing mortgage housing loans/mortgage loans, which allows you to reduce the interest rate to 3% per annum and convert loans received in foreign currency into tenge.
Key terms of the program:
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Interest rate (after refinancing)
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not more than 3% per annum
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Loan currency (after refinancing)
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tenge
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Outstanding principal
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not more than 36,470,000 tenge/200,000 US dollars at the NB RK exchange rate (as of January 1, 2015)
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Loan granting period
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from January 1, 2004 to December 31, 2009
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Collateral
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residential property (total area not exceeding 120 m2) or land plot (area not exceeding 0.1 ha), must be the only property for the borrower and his/her spouse, with exceptions:
- having a share in a separate living unit not exceeding 16 m2 per borrower and/or spouse, belonging to them on the right of joint ownership of privatized housing, by gift contracts or by inheritance;
- having property acquired by the borrower and/or spouse through inheritance or gift after January 1, 2015.
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Borrowers' requirements
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- persons belonging to socially vulnerable groups*
- persons with overdue debt exceeding 90 days (as of January 1, 2015)
- persons with loans in foreign currency
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* According to article 68 of the Law of the Republic of Kazakhstan dated April 16, 1997, No. 94-I "On Housing Relations", socially vulnerable groups include:
- disabled persons and veterans of the Great Patriotic War, as well as those equated to them;
- disabled persons of groups 1 and 2;
- families with or raising children with disabilities; persons suffering from severe forms of certain chronic diseases listed in the list of diseases, approved by the Government of the Republic of Kazakhstan;
- retirees by age;
- orphans and children left without parental care under twenty-nine years, who lost parents before coming of age. When such persons are called to military service, the age is extended for the period of military service;
- oralman;
- persons who lost their homes as a result of environmental disasters, emergencies of natural and technogenic nature;
- large families;
- families of persons who died (died) in the performance of state or public duties, military service, in preparation for or execution of a flight into space, in the rescue of human life, in maintaining public order;
- single-parent families.
Program Objectives:
- to ease repayment conditions for as many borrowers as possible;
- to reduce the level of problem loans;
- to reduce the level of dollarization of the economy.
Loan refinancing is carried out with the following priorities:
- mortgage housing loans/mortgage loans of borrowers belonging to socially vulnerable groups according to the legislation of the Republic of Kazakhstan as of January 1, 2015;
- mortgage housing loans;
- mortgage loans.
Priority is determined by the date and time of receipt of applications from borrowers.
List of necessary documents to apply for refinancing: **
- document proving the identity of the borrower, spouse/co-borrower/guarantor (if they participate);
- application for refinancing;
- certificate of absence/presence of real estate from both the borrower and his/her spouse (including former spouse in the event of divorce after January 1, 2015), to confirm the uniqueness of the housing for the borrower and his/her spouse in the Republic of Kazakhstan as of January 1, 2015***;
- certificate of registered rights (encumbrances) to real estate and its technical characteristics***;
- notarized statement from the borrower, borrower's spouse in the form of the Bank about the absence of real estate and a share in an unfinished residential building acquired under a shared construction participation agreement, except:
— real estate or shares in an unfinished residential building acquired under a shared construction participation agreement, previously pledged to the Bank as security for obligations under the Agreement;
— a share in a separate single residential unit (not exceeding 16 m2 per borrower and/or spouse), belonging to them by right of joint ownership of privatized housing/by gift/by inheritance;
— property acquired after January 1, 2015, through inheritance/gift;
- notarized consent of the guarantor's spouse/other participants in joint ownership for the pledge and extrajudicial sale. If the guarantor is not married, he must provide a statement that at the time of acquiring the property and providing it as collateral he was not married. If a co-owner is a minor, consent of the guardianship and trusteeship authorities for the provision of the property as collateral and its disposal is required;
- report from an independent appraisal company on the collateral in the form of residential housing or land plot/document confirming insurance of the property;
- address reference (from both the borrower and his/her spouse);
- marriage/certificate of marriage dissolution/children's birth certificate/certificate of the borrower's death (if available);
- court decision (if available)/payment receipt of state fee (if there is a court decision);
- documents confirming the borrower's belonging to socially vulnerable groups.
- Other documents that may be requested by the Bank when considering the application.
** To apply for a loan refinancing, the borrower must submit a complete set of documents necessary for the Bank's decision to the Bank's branch.
*** These certificates can be obtained at the CSC or through the 'Electronic Government' portal
Press Service
JSC 'Nurbank'
tel. 2599-710 * 5465
