Housing construction program “Nurly Zher”
One of the directions of the Housing Construction Program “Nurly Zher” is the subsidizing the rate of interest on the loans provided by the second-tier banks to private business entities for housing construction purposes.
Terms of the Program:
Name of the Program characteristics | Program characteristics |
---|---|
Maximum financing rate | The base rate of the National Bank of the Republic of Kazakhstan + not more than 5% per annum |
Subsidizing amount |
the state subsidizes -7% per annum a difference is paid by the Borrower |
Financing currency | tenge |
Term of financing | not more than 36 months |
Term of subsidizing | |
Special purpose | Investments, replenishment of working capital for the financing of housing construction, except for the reconstruction or restoration of existing residential buildings |
Target group | Private business entities determined in accordance with the criteria established by the legislation of the Republic of Kazakhstan, and implementing projects in the construction sector. |
Financing industry (CCEA code) | 41.20.1 Construction of residential buildings, with the exception of the reconstruction or restoration of existing residential buildings. |
For more information, please visit DAMU Entrepreneurship Fund JSC website: | https://damu.kz/programmi/detail.php?ELEMENT_ID=4655 |