Mortgage services, registration is now available online in Kazakhstan

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NUR-SULTAN – Mortgage services are now available in the state real estate database in Kazakhstan. This was announced in July by the Minister of Digital Development, Innovation and Space Industry of Kazakhstan Bagdat Musin.

The main page of the website Egov.kz, which provides public services online.

Now people can apply for mortgages online without going to banks or collecting documents offline. The project was launched in cooperation with Freedom Finance Bank on July 1. Digitizing home purchases is the next step, from registering rights to registering a release from mortgage in August.

“This innovation has been implemented using modern blockchain technology, which is undoubtedly the first use case in Kazakhstan and possibly even in the world. It is important for us to switch to cross-platform in order to provide any bank with access to public services and completely switch to the online format, ”Musin wrote on his Twitter.

The ministry is now urging banks to switch to this format so that in the future all mortgage loans and registrations will take place online.

Fast registration of rights to real estate will also be available. This was announced at a press briefing on July 8 by the Deputy Chairman of the Board of the State Corporation “Government for Citizens Affairs” Serzhan Zhumabekov. The deadline for submitting documents through the Public Service Centers (PSC or PSC) has been reduced to one day.

“Issuance of electronic technical passports for apartments, dorm rooms and summer cottages (summer cottages) is one of the most popular services available from December 14th. Since then, about 8000 technical data sheets have been issued and issued. We plan to extend this service to large real estate objects, including multi-storey and residential buildings, non-residential and other real estate objects. The implementation period is December 2021, ”Zhumabekov said.

Automation of concluding contracts with housing and communal services is expected by autumn.

“Government for Citizens” is the only provider of public services in Kazakhstan and provides 659 types of services. Experts noted the growth of online services in the first half of the year. About 107,000 services were provided through the e-government portal. Nowadays, social payments are also available online.





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