Kazakhstan's 'Umai' Mortgage Program Halts Applications After Reaching Funding Limit

Applications for Kazakhstan's 'Umai' mortgage program have been suspended after the allocated 20 billion tenge limit was fully utilized within one day of the second phase's launch on November 3. In the first four hours, 524 applications totaling 12.5 billion tenge were received. By 4 PM, 850 applications worth 20 billion tenge were submitted, with 352 processed through Otbasy Bank.

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