OREANDA-NEWS. On 30 April 2009 was announced, that the fee rates on mortgage loans re-financing program (9% and 11% per annum) established by the are valid during all the period of loan, informed national welfare fund “Samruk-Kazyna”.

“Citizens that correspond to terms of the program can re0finance their loans up to 9% per annum on social credits and 11% per annum on ordinary loans”, - it is said in press-release.

The analysis of complaints form citizens shows that “some banks are bringing forward terms of increased interest rates in 3 years in unilateral manner”.

“Samruk-Kazyna” fund officially announces that these actions of the banks are illegal.

New rates (9% and 11%) are valid during all the period of loan, and bank can not change them when it wishes”.

“Samruk-Kazyna” national fund completed distribution of 120 bln tenge in 10 commercial banks for re-financing of mortgage loans (150,59/USD 1). From Marcel 1 banks started receiving applications from citizens that have mortgage loans. Borrowers can re-finance their loans in the bank they are serviced in or other banks.  Mortgage loans will re-financed on the rate no higher than 9% for budget workers and socially vulnerable population and no higher than 11% for the rest categories.

Population of the republic is more than 15,8 mln. people.