According to kapital.kz, Otbasy Bank plans to start accepting applications for the Umai women’s mortgage program in early November for a second tranche of 20 billion tenge approved by the Asian Development Bank.
Azat Ashimov, director of the first home provision center department at Otbasy Bank, announced the expected application launch date. The program’s first tranche of 9 billion tenge has been utilized: applications opened on August 31 and closed the same day, with 855 applications accepted. As of October 12, 366 loans had been disbursed, and another 296 applications were being processed.
Otbasy Bank runs the program jointly with the Asian Development Bank under an April 2026 agreement for a 90 billion tenge loan to fund mortgages under the Umai and Green Mortgage programs. Under the current terms, the interest rate is 14.8% per annum, and the maximum loan amount is 50 million tenge. The bank noted that it is reviewing the interest rate and funding limits following changes to the base rate.