BI Finance is reshaping the game with its BIG Tandau program
BI Finance, a member of the BI Group holding, has launched the BIG Tandau microcredit program for purchasing real estate. This initiative allows anyone to buy an apartment from Kazakhstan’s leading developer at rates significantly lower than the market average.
According to numerous studies and demand monitoring, housing demand in Kazakhstan has been steadily growing in recent years, particularly in metropolitan areas and regional centers. Data from the National Bureau of Statistics shows that in June of this year alone, the number of housing purchase and sale transactions increased by 6% compared to May. However, the standard and preferential mortgage offerings currently available in the country's banking system often remain inaccessible to a significant portion of the population.
“Analyzing the market, we see that public demand for mortgage loans continues to grow steadily. Compared to last year, this figure has increased by 17%. The need for affordable housing remains very high. Based on our experience with clients, mortgage programs, and interest-free installment plans, BI Finance, utilizing an advanced technological solution developed by Kazakhstan’s Sapa Tech, has launched a microcredit system for citizens looking to purchase quality housing from BI Group. We are confident that this new option will be a significant support for those who have long dreamed of owning an apartment, wanted to improve their living conditions, or sought property for commercial purposes. The obvious advantages of this product include an affordable initial payment for most people and a flexible repayment system, unmatched by any bank in Kazakhstan today,” said Nurlan Ongarbayev, Director of BI Finance.
The BIG Tandau program offers microloans to anyone interested, with an initial payment starting from 30% of the property’s value and a repayment term of 12 to 36 months. The reward rate is just 6% (APR ranging from 6% to 6.19%). The loan amount ranges from 2 to 73 million tenge, and the company charges no fees for issuance, processing, or administration of the microloan. The program focuses on BI Group’s residential properties under construction, enabling clients to purchase housing at the most favorable prices and highly advantageous terms.
Additionally, BIG Tandau provides a flexible repayment system, offering clients the choice between annuity or differentiated payments. The loan application process takes only one day. To qualify, applicants need to be residents of the Republic of Kazakhstan, aged between 21 and 64, select a property through BI Group sales offices or the official website, and sign the necessary documents. Loan approval, as well as most other processes (such as biometrics, cloud-based digital signatures, and the credit conveyor), is conducted online.
Currently, residents of Almaty, Shymkent, and Astana can access BI Finance microloans. Overall, the company operates in six cities across Kazakhstan.