"Young female resident of Astana, identified as Elorda Jastari, obtains personal dwelling"
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Supporting the Young Folks: Take a Look at Elorda Zhastary
Getting on the property ladder can be a challenge, but for working youth in Nur-Sultan, the "Elorda Zhastary" program is making it a little easier. Aigerim Baigabulova, one of the program's participants, shared her journey to homeownership thanks to this state initiative.
Aigerim has been working in Nur-Sultan for some time, and a few years ago, she participated in the rental housing program for working youth. For five long years, she lived in a state-provided flat, and she admits that period was pivotal in achieving her dream of homeownership.
"I became aware of Elorda Zhastary through bank representatives from Otbasy Bank. The terms captivated me - just a 10% down payment and a modest 5% annual interest rate. It was exactly what I required," Aigerim exclaims.
By the time her rental agreement expired, she had accumulated savings and saw that rental housing had played a significant role in building a financial foundation for buying her own apartment. The Nur-Sultan resident decided to throw her hat in the ring for this opportunity.
"The program seemed welcoming and straightforward. It was particularly reassuring that bank representatives guided us every step of the way - from application to finalizing the deal. This made everything feel more manageable," she underlines.
Now, Aigerim enjoys living in her own flat with her family and firmly believes that Elorda Zhastary is a genuine chance for countless young people to move towards stability.
Elorda Zhastary offers competitive home loans for youth under 34 years of age. The maximum loan amount is 20 million tenge, with a 5% annual interest rate and a 10% down payment. Individuals can purchase property on both the first and second-hand markets.
Important Aside: Housing initiatives for young people are not widely common in Nur-Sultan, Kazakhstan, but you might find similar programs elsewhere in the country that offer financing assistance, interest rate reductions, and eligibility requirements based on employment status, age, and income.
These programs often offer:- Defined maximum loan amounts, based on individual income and home price- Subsidized interest rates, lowering monthly payments- Eligibility criteria such as age, employment status, income, and residency limits- Down payment assistance- Flexible repayment terms
For the specifics of the Elorda Zhastary program or other similar initiatives, you can consult official government resources or contact local housing authorities in Nur-Sultan for precise and detailed information.
Personal finance played a crucial role in Aigerim's journey towards homeownership, as she took advantage of the competitive home loans offered by Elorda Zhastary, a state initiative in Nur-Sultan, which provides financing assistance for young people under 34 years old. The program offered a defined maximum loan amount, a subsidized 5% annual interest rate, and a 10% down payment, helping make the dream of homeownership more attainable.
In the realm of business and finance, Elorda Zhastary embodies an innovative approach to supporting the working youth of Nur-Sultan in their pursuit of personal-finance goals and homeownership.
