/IRBIS, Ranida Gabdeyeva, April 15, 04/ - Halyk savings bank of Kazakhstan JSC (Almaty, hereinafter - Halyk bank), whose securities are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has spread press-release, which says the bank has begun to give mortgage loans at low rates and simplified terms provided by the new crediting program "Mortgage Lights".

The message that at present there is a tendency for decreasing of interest rates at Kazakhstan mortgage market, however "Mortgage Lights" has no analogues. Originality of the bank's offer is as follows, a borrowed can get 100% of the cost of purchased house at the rate from 7 to 11% APR. One of attracting terms is the fact that bank does not consider borrower's paying capacity and does not set limits for credit sum.

Money deposit in Halyk bank totaling from 15 to 50% of the cost of purchased house, and also the house can act as securing of the loan given within the framework of "Mortgage Lights" program. Maximum period of crediting is 15 years. The set of necessary documents comprises only identity card and TIN of borrower. Period of client's application examination does not exceed three working days. One can get a loan in two currencies: US dollars and euro.

The press-release also says loans "Mortgage Lights" will be given in all Personal Service Centers, oblast and regional branches of Halyk bank.

Mortgage crediting program, which provides giving of loan with initial installment and up to 20 year term has been functioning in the bank for 2 years already. Halyk bank informs that standard mortgage system will also be functioning along with "Mortgage Lights" program.

[2004-04-15]