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The “Umay” women’s mortgage program to relaunch in 2025

The “Umay” women’s mortgage program will be relaunched in 2025. This program, developed by Otbasy Bank, is designed to support women in acquiring housing under beneficial conditions.

The program offers unique opportunities for women of any marital status to purchase both primary and secondary housing in any region of the country, with no requirement for residency registration. One key condition is a down payment of up to 20%, which must be placed in a deposit account with Otbasy Bank. The amount of accumulated bonuses in the account will be a significant factor in the selection process.

The program targets a broad audience, from married women to those looking to purchase property before marriage, fostering financial independence and additional income opportunities. The significant increase in the income limit to 900,000 KZT also broadens the program’s accessibility.

Additionally, the program allows women to involve co-borrowers, enabling them to receive financial support not only from spouses but also from parents, children, friends, or other close associates. Notably, scholarships will be counted as income, making the program especially attractive for young women, students, and their families.

The removal of application limits for Astana, Almaty, Atyrau, and Aktau further expands opportunities for participants. The “Umay” program is a vital initiative aimed at boosting women’s economic independence and improving housing conditions.