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With housing cost 7 mln tenge, monthly payment will be below 50 000 tenge under 7-20-25 program- Akishev

13.03.2018 Astana. March 13. KazTAG - The monthly payment will be not higher than 50 000 tenge under housing valued 7 mln tenge under the program 7-20-25, said Daniyar Akishev, chairman of the National Bank of Kazakhstan.
"For instance, under 7 mln tenge housing cost, the monthly payment will be not more than 50 000 tenge, in general it is affordable for the majority of people working in Kazakhstan. We do not exclude differentiation of housing cost in big cities and regions, as the cost is different throughout the state," he said at the session of the Government.
He said the criteria of mortgage state program is being elaborated with the banks.
"The new opportunities of housing initiative are unprecedented step of the state providing privileges to everyone. But the program should not put ground for dependency. The financial conditions of the program require solvency from future borrowers. Anyone with official revenue can take part in the program," he said.