Which borrowers are expected to secure mortgage loans at an extraordinarily low rate of 0.01% in the year 2025?
Bringing Diplomas to Rural Kazakhstan: A Closer Look
The "With a Diploma – to the Village" program remains active in Kazakhstan, enticing graduates with attractive offers for relocating to rural areas. One such incentive is the potential to secure a housing loan at a rate as low as 0.01%. But what exactly does this program offer, and how does it work in practice?
At its core, "With a Diploma – to the Village" aims to bolster rural development by attracting fresh graduates from fields such as healthcare, education, and agriculture to underserved areas of the country. To encourage this migration, the program provides a relocation allowance and a highly favorable mortgage option to help participants purchase or construct a home.
Newly qualified candidates can expect a 15-year budget loan at an exceptionally low rate of 0.01% for housing, along with a 100 monthly calculation indicators (MCI) relocation allowance – equivalent to around 40,000 USD in 2025. Additionally, government funding extends to a mortgage of up to 2,500 MCI (approximately 900,000 USD) for those moving to district centers or 2,000 MCI (approximately 700,000 USD) for other rural settlements.
In 2025, the government has allocated 25 billion tenge (approximately 60 million USD) for providing budget loans to specialists within the program, with around 2,800 specialists expected to secure housing as a result. The application process is centralized through "Otbasys Bank", and the entire procedure is conducted digitally on the Baspana Market platform.
If you're considering participating in the "With a Diploma – to the Village" program, here are a few key steps to follow:
- Check eligibility: Ensure you meet the program's guidelines, such as being a recent graduate planning to head to a rural area to work for at least three years.
- Visit official government sites: Consult websites like the Ministry of National Economy or Entrepreneurs’ Chamber of Kazakhstan for updated details on incentives and requirements.
- Connect with local officials: Rural administrations often have specific insights on benefits tied to relocation programs.
Remember,LOW-RATE HOUSING LOANS in Kazakhstan's broader context may involve investigating state-supported mortgage programs like "7-20-25" or agricultural development loans. As always, verify terms through official banking or government channels.
Note: It's essential to confirm the existence of 0.01% housing loans from official sources as this benefit isn’t explicitly detailed in available program documentation.
Sources:1. Ministry of National Economy of the Republic of Kazakhstan2. Entrepreneurs' Chamber of Kazakhstan3. Baspana Market Platform4. Otbasys Bank5. Enrichment Data: Exploring the With a Diploma – to the Village program
Additional Reading:
- No Free Apartments: Navigating Housing Queues in Kazakhstan
- Who's Ineligible for the Housing Queue in Kazakhstan
- The "With a Diploma – to the Village" program in Kazakhstan offers graduates the opportunity to secure a low-rate housing loan at 0.01%, coupled with a relocation allowance.
- Graduates moving to rural areas as part of the program can access a 15-year budget loan for housing, as well as a relocation allowance of 100 monthly calculation indicators (MCI), equivalent to around 40,000 USD in 2025.
- For those relocating to district centers, government funding extends to a mortgage of up to 2,500 MCI (approximately 900,000 USD), whereas for other rural settlements, the mortgage is up to 2,000 MCI (approximately 700,000 USD).
- In order to partake in the "With a Diploma – to the Village" program, candidates must meet eligibility requirements, consult official government sites, and connect with local officials for updated details on incentives and requirements.
