Altyn Bank and BI Group launch the first commercial real estate mortgage in Kazakhstan

Altyn Bank, in collaboration with BI Group, has signed an agreement to launch a unique product for the Kazakh market — a mortgage on commercial real estate. Thanks to this program, entrepreneurs will have the opportunity to purchase office spaces with a loan of up to 10 years, without additional collateral and with a minimal document package.

The «Commercial Mortgage» program applies to premises with shared participation agreements in new BI Group projects in Astana, Almaty, Shymkent, and Atyrau.

«The Altyn Bank Commercial Real Estate Mortgage is a tool that helps entrepreneurs not only solve current business tasks but also invest in the sustainable future of their business. We offer clear and flexible conditions tailored to the specifics of individual entrepreneurs so that every client can confidently develop, having their own workspace,» — said Dinara Arslan, Deputy Chairman of the Board of Altyn Bank.

«Until now, entrepreneurs had to apply for consumer loans. Previously, half of the properties were purchased on a short-term installment basis with a high debt burden on the business. Now buyers can reduce the payment amount. For the first time, there is an affordable and transparent instrument for investment in development. Thus, the path to business independence has become easier,» — noted Nurlan Ongarbayev, Director of BI FINANCE.

The program is available to individual entrepreneurs registered at least 12 months ago, as well as those operating under a simplified tax system or patent.

Conditions:

— loan term: from 1 to 10 years;

— loan amount: up to 200 million tenge (property value — up to 400 million);

— down payment: from 50%;

— interest rate: from 0.1% to 17% (APR from 0.1% to 18.4%).

Advantages:

— no additional collateral required during the construction phase;

— online process: bank decision made in 5 minutes;

— only 2 documents required;

— possibility of registration with indirect income;

— any entrepreneurial activity allowed;

— no commission for application review.

Calculation example:

— property value — 55,711,500 tenge;

— down payment — 50%;

— annual interest rate — 16%;

— monthly repayment — 490,000 tenge.

The commercial real estate mortgage opens up opportunities for businessmen who want to grow, scale, and invest in their business without unnecessary barriers. Details of obtaining a mortgage can be found at sales departments and on the BI Group portal or on the AltynBank website.

ARFR RK licenses № 1.1.114, № 3.3.254/46 dated 23.10.2024.