Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Who can get soft loan to purchase housing under 5-20-25 program and how to do it

Monday, 18 November 2019, 17:57:21

Today, at the press conference in the government’s press center, First Vice Minister of Industry and Infrastructure Development Kairbek Uskenbayev and Chairman of the Board of JSC Housing Construction Savings Bank of Kazakhstan Lyazzat Ibragimova spoke about the criteria and conditions of the new 5-20-25 housing program.

First Vice Minister of Industry and Infrastructure Development Kairbek Uskenbayev said that the 5-20-25 program involves a mortgage loan for 25 years with a 20% down payment at 5% per annum. Military personnel, civil servants and public sector employees can apply for housing under this program.

“Each waiting list is divided into categories: large families, orphans, parents of children with disabilities, civil servants, state employees and others. But it is not possible to judge by categories whether people really need it or not. Civil servants are civil servants. Therefore, we decided to distinguish between the waiting lists by income,” Uskenbayev said.

So, for the category with an income of up to 3.1 living wages — 92 thousand tenge per family member — the mechanism already implemented by the Housing Construction Savings Bank is being proposed — loan housing of akimats under the 5-20-25 program.

“People who have higher incomes should participate either in 7-20-25 or in the programs of second-tier banks,” the vice minister explained.

Ibragimova spoke in more detail about the conditions for participation in this housing program.

“In fact, the formula ‘5-20-25’ has been in force since December 2016. We, as Housing Construction Savings Bank, according to this formula, with a 20% down payment, issue loans at a rate of 5% per annum. Over the entire period of the program, we issued 19,800 loans totaling 150 billion tenge. At the same time, 93 billion tenge was allocated to us from the budget. 57 billion were returnable resources or the resources of those people who have accumulated 50% of the cost of housing,” she said.

Criteria for participation in the program:

  • Presencce in waiting lists of akimat;
  • Absence of housing in ownership for the past 5 years.

“This will be a continuation of the same tool that has proven itself very well. Today at a government meeting, an additional allocation of 14 billion tenge was considered. Demand is very large. This program is being implemented successfully. Over the past year alone, we have issued 6,913 loans and will continue now,” Ibragimova said.

As Uskenbayev explained, the price per square meter for this program is 180 thousand tenge in the cities of Nur-Sultan, Almaty, Shymkent, Aktau, Atyrau, in other regions — 140 thousand tenge. At the same time, he emphasized that since the implementation of this program for more than 5 years, the cost per square meter has not changed.

“It is clear that our construction companies are arguing that during this time there has been a rise in price of many building materials that affect the volume of construction. However, the whole ideology of this mechanism is based on recurrence. That is, local executive bodies take loans, sell bonds and take money from Baiterek NMH JSC at 0.35%, build housing and must return this money within two years. This money is again directed to new construction. It is very important for us that the housing we are building turns around, the money comes back, because the system must have money for new construction. Why do not we increase the cost of construction? Because we proceed from the capabilities of the population,” said the first vice minister.

According to him, if the cost of housing is higher than the average cost (180 thousand tenge — in the cities of Nur-Sultan, Almaty, Shymkent, Aktau, Atyrau, 140 thousand tenge — in other regional centers), then local executive bodies need to provide options for granting subsidies, or covering expenses for other types of work, for example, bringing engineering communications to a house under construction, carrying out beautification, etc.

It should be noted that, according to the Ministry of Industry and Infrastructure Development, within three years 30 thousand loan housing, 21 thousand rental housing will be built in Kazakhstan, 5 thousand houses will be provided under the Baqytty Otbasy program, the quasi-public sector will build about 20 thousand houses.


News feed
22 July 2021, 18:49
Prime Minister of Kazakhstan visits Aktobe region on a working trip
21 July 2021, 18:27
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing Spread of Coronavirus Infection
21 July 2021, 15:38
Askar Mamin's working trip to Mangystau region: Tourist, transport and engineering infrastructure, agro-industrial complex, digitalization
19 July 2021, 21:23
Board of Baiterek Holding considers implementation of President’s instructions
19 July 2021, 18:20
Rustem Bigari relieved as Vice Minister of Education and Science
19 July 2021, 15:46
Prime Minister Askar Mamin instructs to intensify work on forage preparation
14 July 2021, 17:20
Prime Minister Askar Mamin instructs to strengthen quarantine measures in 4 regions
13 July 2021, 17:59
For 5 months of 2021, domestic trade grew by 15.8% compared to the same period last year — Bakhyt Sultanov
13 July 2021, 16:15
Government discusses organizational issues for conducting population census in 2021
13 July 2021, 16:08
Meeting of Interdepartmental Commission on Regulation of Entrepreneurship held in the Government
12 July 2021, 19:10
Interdepartmental Commission adopts package of measures to prevent the spread of coronavirus infection
12 July 2021, 14:48
Askhat Oralov relieved as Vice Minister of Information and Social Development
10 July 2021, 16:55
National Bank of Kazakhstan preparing pilot project for implementation of digital tenge
10 July 2021, 16:21
Prime Minister Askar Mamin introduces new Vice Minister - Acting Minister of Agriculture, Yerbol Karashukeyev
09 July 2021, 09:15
Kanat Iskakov appointed chair of Information Committee of the Ministry of Information and Social Development of Kazakhstan
07 July 2021, 20:36
Marat Karabayev appointed Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan
07 July 2021, 19:36
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing Spread of COVID-19 in Kazakhstan
06 July 2021, 17:35
Prime Minister Askar Mamin congratulates Kazakhstanis on the Day of the Capital
03 July 2021, 19:26
Anuar Akhmetzhanov relieved as First Vice Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan
02 July 2021, 17:22
Askar Mamin chairs meeting of EDB: The Bank’s 2022-2026 Strategy approved
02 July 2021, 17:20
Askar Mamin holds meeting on development of Almaty agglomeration
02 July 2021, 13:43
Askar Mamin instructs to complete reconstruction of Altyn Orda traffic intersection in October 2021
02 July 2021, 13:08
Askar Mamin instructs to complete construction of Saryarka and Dostyk stations of Almaty metro by the end of 2021
02 July 2021, 12:05
Interdepartmental Commission discusses epidemiological situation after detection of COVID-19 mutation characteristic of Delta strain
02 July 2021, 08:30
Askar Mamin instructs to complete construction of BAKAD by the end of 2022
01 July 2021, 14:02
Amaniyaz Yerzhanov relieved as Vice Minister of Industry and Infrastructure Development of the Republic of Kazakhstan
01 July 2021, 13:09
Development of oil products market, gas supply, introduction of renewable energy sources — Nurlan Nogayev reports on work of the Ministry of Energy
30 June 2021, 14:50
Askar Mamin discusses implementation of meat processing project in Kazakhstan with management of Tyson Foods
29 June 2021, 16:57
Askar Mamin holds meeting of National Commission for Modernization
29 June 2021, 10:03
Askar Mamin instructs to ensure safety of educational facilities before start of academic year
29 June 2021, 09:55
Askar Mamin instructs to increase rate of vaccination in western regions
28 June 2021, 15:47
Government session to be held June 29 in Ukimet Uyi
24 June 2021, 16:45
Askar Mamin inspects implementation of investment projects in Karaganda region
22 June 2021, 11:30
Full privatization of state bus fleets planned in Kazakhstan — Zhumangarin
22 June 2021, 10:42
In regions with high CVI incidence, there is a decrease in employment of infectious and intensive care beds — Alexey Tsoy
21 June 2021, 18:32
Government session to be held June 22 in Ukimet Uyi
21 June 2021, 13:10
Mamin reports on Government’s work at joint meeting of Chambers of Parliament
15 June 2021, 12:33
In June 2021, a "zero rate" introduced for utilization fee — Magzum Mirzagaliyev
15 June 2021, 10:55
Number of detected CVI cases in decreased by 16% last week — Ministry of Healthcare
15 June 2021, 10:40
Zero Injuries Concept introduced at 216 enterprises of Kazakhstan — Shapkenov
15 June 2021, 09:38
Most regions of Kazakhstan in green zone for incidence of COVID-19
14 June 2021, 22:49
Government session to be held June 15 in Ukimet Uyi
14 June 2021, 17:49
Reducing harmful emissions, improving Water Code, developing ecotourism — Mirzagaliyev holds reporting meeting with population
11 June 2021, 19:12
Kazakhstan’s economy during pandemic, recovery measures, amendments to laws and digitalization — what Irgaliyev spoke about at reporting meeting
11 June 2021, 18:36
Askar Mamin and EU ambassadors discuss cooperation in green economy development
10 June 2021, 14:46
About 2.5 million tons of seeds harvested in Kazakhstan in 2021 — Ministry of Agriculture
10 June 2021, 14:25
Against the background of easing restrictions, business activity index continues to recover in Kazakhstan
10 June 2021, 13:36
Compliance with norms of antimonopoly legislation concluded with 10 manufacturers of building materials — Zhumangarin
10 June 2021, 10:57
Askar Mamin instructs to take measures to prevent unjustified growth in prices for building materials
10 June 2021, 10:39
Number of detected CVI cases decreased by 1.3 times over last week — Tsoy
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.