BI Group and Altyn Bank Launch Kazakhstan’s First Commercial Real Estate Mortgage
BI Group Holding, in collaboration with Altyn Bank, has signed an agreement to launch a first-of-its-kind mortgage product for the Kazakh market — a commercial real estate mortgage. This program enables entrepreneurs to purchase office spaces with loans of up to 10 years, no additional collateral, and a minimal document package.
The “Commercial Mortgage” program applies to units with equity participation agreements in new BI Group developments in Astana, Almaty, Shymkent, and Atyrau.
“Until now, entrepreneurs had to purchase office premises using their own funds or take out consumer loans. Previously, 55% of commercial properties were bought using a one-year installment plan, placing a heavy financial burden on businesses. With this new product, monthly payments are reduced and, for the first time, a transparent and accessible tool for business investment becomes available. This simplifies the path to business independence,” noted BI Finance.
“Altyn Bank’s commercial mortgage is a tool that helps entrepreneurs not only address current business needs but also invest in a sustainable future. We offer transparent and flexible terms tailored to the needs of individual entrepreneurs so that every client can grow confidently with their own workspace,” shared Dinara Arslan, Deputy Chairperson of the Management Board at Altyn Bank.
Eligibility:
The program is available to individual entrepreneurs who have been registered for at least 12 months and operate under a simplified tax regime or a patent.
Loan Terms:
- Loan period: 1 to 10 years
- Loan amount: up to KZT 200 million (property value up to KZT 400 million)
- Down payment: from 50%
- Interest rate: from 0.1% to 17% (APR from 0.1% to 18.4%)
Key Benefits:
- No additional collateral required during construction
- Online approval in just 5 minutes
- Only 2 documents required
- Indirect income considered
- Applicable to any type of business activity
Example Calculation:
- Property price – KZT 55,711,500
- Down payment – 50%
- Annual interest rate – 16%
- Monthly payment – KZT 490,000
This new commercial mortgage opens the door for entrepreneurs looking to grow, scale, and invest in their own business space without unnecessary barriers. More details are available at BI Group sales offices or on the Altyn Bank website.
Background Information
BI Group is Kazakhstan’s largest construction and investment developer, with active projects in Kazakhstan, Uzbekistan, the UAE, and the USA. It is included in the global ENR Top-250 Global Contractors ranking and is the first Kazakh construction company to receive an international Fitch credit rating of BB with a stable outlook, confirming the resilience of its financial model.
Altyn Bank JSC (a subsidiary of China Citic Bank Corporation Ltd) is a universal commercial bank offering a full range of services for corporate and retail clients. Retail services are available through the Altyn-i digital banking platform. The bank ranks 13th by asset size in Kazakhstan and holds one of the highest credit ratings among Kazakh commercial banks (Fitch – “BBB”, Moody’s – “Baa3”). Branches operate in Almaty, Astana, Atyrau, Shymkent, Aktau, and the AIFC.
License Numbers: ARRFR RK No. 1.1.114, No. 3.3.254/46 dated 23.10.2024