Loan secured by real estate at Mikrozaimy: terms, APR and money to card in 15 minutes
What is a loan secured by real estate and how much can you get
We explain the essence of secured financing: you receive money while keeping your apartment or house in your ownership. We break down how much you can get, what the amount depends on, and how this method fundamentally differs from selling your home or a classic bank loan.
How secured financing differs from selling your home
This is financing where your apartment or house serves as collateral, but you remain the full owner. The encumbrance is only recorded in the register of the Republic of Kazakhstan's justice authorities without transferring ownership to the lender — a fundamental difference from selling, where you lose the property forever. A loan secured by real estate at Mikrozaimy does not transfer your home to us or deprive you of your registration. You continue to live in the apartment, rent it out, or sell it with the lender's consent, and after repaying the loan, the encumbrance record is removed through the Public Service Center within one business day — no traces remain in the property history.
How much can you get secured by real estate
With us, you can get from 100,000 to 600,000 ₸ secured by real estate. The specific amount depends on the market value of the property — usually up to 50–70% of the appraisal, which our appraiser conducts with a site visit in one day. For apartments in new developments in major cities, the appraisal is often closer to 70%; for older homes, around 50%; the higher the liquidity of the property, the larger the percentage of the value we can offer.
Types of loans secured by real estate
| Loan type | Amount | Term | Rate | Feature |
|---|---|---|---|---|
| Loan secured by apartment | 100 000 – 600 000 ₸ | 7–180 days | 0.1–0.15%/day | Apartment remains yours |
| Loan secured by house | 100 000 – 600 000 ₸ | 7–180 days | 0.1–0.15%/day | House remains yours |
| First loan at 0% | up to 600,000 ₸ | up to 30 days | 0% | For new Mikrozaimy clients |
Apartments in new developments in major cities are usually appraised higher than older homes — this affects the maximum loan amount.
Terms, rate and APR — real overpayment calculation
We break down the real cost of the loan: daily rate, APR and overpayment in tenge. We show with a specific example how much you will repay.
Interest rate and APR — what it means
At Mikrozaimy, the rate for a loan secured by real estate is 0.1–0.15% per day, and the APR (annual effective interest rate) is 35–50%. APR includes all payments: interest, fees and charges, so it is the one to look at when comparing. The daily rate is the cost of using the money for one day: at 0.1%, for every 100,000 ₸ you pay 100 ₸ per day. In Kazakhstani MFIs operating under the Law of the Republic of Kazakhstan 'On Microfinance Activities', APR is limited — for private lenders without a license, it can exceed 100%. Our consulting experience shows: clients who compare only the daily rate are often surprised by the final repayment amount. A daily rate of 0.1% looks low, but when recalculated annually, APR shows the real cost — always ask the lender to state the APR before signing the contract.
Example of overpayment calculation — 500,000 ₸ for 6 months
If you take 500,000 ₸ from us for 180 days at 0.1% per day, the overpayment will be 90,000 ₸, and the total amount to repay is 590,000 ₸. APR in this case will be about 40%. Calculation: 500,000 ₸ × 0.1% × 180 days = 90,000 ₸ interest; no additional payments for collateral registration or property appraisal — only interest. Compare with a private lender offering 0.2% per day without disclosing APR: for the same 180 days, the overpayment is 180,000 ₸, a difference of 90,000 ₸ due to the doubled daily rate, which is harder to notice without APR. With early repayment, you pay interest only for the actual days of use. For example, if you repay after 90 days, the overpayment will be 45,000 ₸.
Are there hidden fees
At Mikrozaimy, there are no hidden fees — all terms are specified in the real estate pledge agreement. You only pay interest for using the loan, with no additional payments for appraisal, encumbrance registration, or early repayment. The contract includes a full payment schedule indicating APR, interest amount, and repayment dates. In practice, there are cases where illegal lenders include a clause for an 'application review fee' (5,000–15,000 ₸) or require payment for an 'independent appraisal' through 'their' appraiser for 20,000–30,000 ₸ — these amounts are not included in APR and are not refunded upon rejection. If an MFI or private lender requires payment for 'insurance', 'appraisal', or 'application review' before disbursing funds — this is a sign of an unscrupulous organization. A legal MFI only charges a fee for actual loan usage.
Requirements for the borrower and property + documents
We break down the conditions for obtaining a loan secured by real estate: who can apply, what type of housing is suitable, and what documents are needed for an online application.
Borrower requirements
To obtain a loan secured by real estate from us, you don't need income statements or guarantors. It is enough to be a citizen of Kazakhstan over 21 years old, have an ID card, and be the owner of an apartment or house. We check the borrower through the credit history database and government agencies — we look for overdue debts, current obligations, and court decisions. Lack of official income is not a reason for refusal: if the person pays on time according to their credit history and the market value of the collateral covers the loan amount, we approve the deal. The absence of income statements does not mean we don't check solvency — we assess it through analysis of your credit history and collateral value.
What real estate is suitable for collateral
Mikrozaimy accepts apartments and private houses in cities of Kazakhstan and surrounding areas as collateral. The property must not be under arrest or have other encumbrances — we check this through the justice authorities of Kazakhstan. The appraisal is carried out by our specialist free of charge: we analyze the market value, condition, and liquidity of the property. If the property is mortgaged, this is not always an obstacle — we consider such cases individually, provided that the remaining mortgage is less than the value of the apartment. Most often, the collateral is owner-occupied housing, so we process a loan secured by an apartment faster than one secured by a private house or commercial property.
What documents are needed for processing
- Identity card: passport of a citizen of Kazakhstan — the main document for borrower identification.
- Title documents for the property: purchase and sale agreement, gift deed, or certificate of ownership — confirm your right to the collateral.
- Certificate of no arrests: we request it through the justice authorities of Kazakhstan — the borrower does not need to go to various authorities.
- Property appraisal: carried out by our appraiser free of charge — you don't spend money on an independent expert.
- Online application on the website: all documents are uploaded through your personal account — no need to go to the office. If something is missing, the loan manager will contact you and advise.
How to apply online — step-by-step process
We break down the step-by-step process of obtaining a secured loan — from filling out the application to receiving funds on your card.
Online application on the website — the first step
Yes, you can get a loan secured by real estate from us completely online without visiting the office. You fill out an application on the website, specify the amount (100,000–600,000 ₸) and term (30–180 days), attach photos of your passport and title documents for the apartment. The loan manager contacts you within a few minutes to clarify details and confirm the correctness of the data. The online form takes 3–5 minutes — it has only 10 fields, not 50 like in classic bank applications.
Property appraisal and document verification
After the application, we arrange an appraisal of the property and document verification — this takes up to 2–3 hours. The appraiser visits the property or uses market data for similar apartments in your city to determine the liquid value of the collateral — the maximum amount depends on it (up to 70% of the appraisal). Simultaneously, lawyers check the title documents for legal purity: absence of arrests, utility debts, and other encumbrances. If the property was appraised recently, for example for a mortgage, we use that data — this reduces the process to 1 hour.
Collateral agreement, registration of encumbrance, and disbursement
After approval, Mikrozaimy draws up a real estate collateral agreement and registers the encumbrance with the justice authorities of Kazakhstan. You sign the agreement with an electronic signature, and we send an application to the Public Service Center to enter the record in the register — the procedure takes several hours. After registration, we transfer the money to your Kaspi, Halyk, Jusan, or Forte card — usually within about 15 minutes. Registration of the encumbrance protects both parties: it records that the property is collateral but does not change the owner. After full repayment of the loan, we remove the encumbrance within 1–2 business days. So the entire process — from online application to disbursement — takes one day, and the money secured by real estate is credited to your card the same day, without visiting the office and paperwork.
What about the property, overdue payments, and security
We break down the main fears of borrowers: what really happens to the apartment in case of overdue payments, whether you can rent it out, and how to ensure that the MFO operates legally and under the supervision of the National Bank of Kazakhstan.
What will happen to the apartment in case of overdue payments — the real algorithm
In case of overdue payments on a secured loan, the apartment is not taken away immediately — that's a myth. The first 7–14 days, the MFO sends reminders (calls, SMS, push notifications), then accrues fines — usually 0.5–1% of the overdue amount per day, but not exceeding the limit set by the collateral agreement. If the overdue period reaches 30–60 days, the MFO has the right to go to court to foreclose on the collateral — this initiates the procedure of forced sale through a private bailiff. The entire process from the first day of overdue to the listing of the apartment for auction takes 3–6 months, and at each stage you have the right to repay the debt and keep the property. Before court, you can negotiate restructuring or extension — many MFOs are accommodating if you warn about the problem in advance rather than hide. Don't wait for critical overdue: one call to the manager can turn fines into a schedule with a comfortable payment.
Can you rent out the apartment and repay the loan early
Yes, you have the right to rent out the apartment even if it is pledged with us — ownership remains with you, and the collateral agreement does not restrict the use of the property for income generation. Rent payments go to your account, and you can use them for early repayment without penalties or fees — interest is recalculated for the actual days of using the money. For example, if you took 300,000 ₸ for 90 days and repaid after 45, the overpayment will be exactly half of the planned amount. The only restriction: transferring the apartment for rent under a lease agreement for more than one year requires notarization, but for short-term rental (daily or monthly), a written agreement with the tenant is sufficient. Early repayment is the easiest way to save on interest: if you have extra money, repay the loan ahead of schedule and reduce the overpayment.
How to remove the encumbrance after repayment
After full repayment, Mikrozaimy independently submits documents to the justice authorities of Kazakhstan to remove the encumbrance — you don't need to go to the Public Service Center or a notary. The procedure takes 1–2 business days: the registrar enters a record of termination of the pledge in the Unified State Register of Rights to Real Estate, after which your apartment or house is completely free of any restrictions. You will receive a notification by email or in your personal account — this is official confirmation that the pledge is no longer in effect. We recommend keeping this letter until the next major real estate transaction (sale, gift, mortgage) so that when checked by a notary, you have proof of removal of the encumbrance. If the notification does not arrive within 3 business days after repayment, contact MFO support: sometimes the request gets stuck due to a technical glitch, but these are isolated cases.
How to check the legality of an MFO in Kazakhstan
You can check the legality of an MFO in Kazakhstan in two minutes through the MFO register of the National Bank of Kazakhstan on the official website — enter the organization's name in the search bar. If the company is in the register, it operates legally, under the supervision of the regulator, and must comply with the Law of Kazakhstan 'On Microfinance Activities': interest rate limit (APR up to 100%), rules for disclosing terms, collection procedures. A legal MFO must indicate its registration number in the register on its website and in the contract — if there is no such number or it does not match the data of the National Bank, that's a stop signal. Additionally, check the MFO's website for contacts, legal address, and license — illegal ones usually only have a 'fill out application' form without any company information. If the registration number does not match the National Bank data or the company is not in the register, refuse their services: working with an illegal MFO risks losing your property without judicial protection.
Legality of MFO and borrower protection in secured loans
We break down three key points: how to check the legality of an MFO before signing a contract, where to complain if terms are violated, and how early repayment actually reduces overpayment.
How to check that an MFO is legal
At Mikrozaimy, we recommend checking an MFO through the official register of the National Bank of Kazakhstan — all legal organizations have a registration number and publish it publicly on their website or mobile app. The register is on the National Bank's website in the 'Microfinance Organizations' section: enter the company name or its BIN and see the registration date, status, and permitted activities. Kazakhstani MFOs operate strictly according to the Law of Kazakhstan 'On Microfinance Activities': it requires them to disclose the full cost of the loan (APR), not include hidden fees, and not require notarization of the collateral agreement if the amount is up to 600,000 ₸. If the MFO is not found in the register, this is a direct violation of the Law of Kazakhstan 'On Microfinance Activities' — even an attractive rate is not worth the risk of losing documents for real estate.
What to do if an MFO violates the contract
We strictly adhere to contractual obligations, but if another MFO violates the terms, the client has the right to file a complaint with the National Bank of Kazakhstan via the call center 1477 or the online reception at nb.kz. An alternative route is to contact the justice authorities of Kazakhstan, who check the legality of the contract and can declare it void if predatory terms are identified. A loan agreement secured by real estate is a bilateral document: if the MFO requires additional payments not specified in the schedule (insurance, issuance fee, application review fee), this is grounds for termination of the contract without penalty and refund of already paid interest. Our consultants advise taking a photo of each page of the contract before signing — this records the initial terms and prevents document substitution during disputes.
How early repayment affects overpayment
With us, early repayment of a secured loan is not subject to penalties — you only pay for the actual period of use and interest for that period without any early repayment fee. The mechanism is simple: for a 90-day loan at 0.1% per day, the overpayment for the full term would be 9% of the amount, but if you repay after 30 days, interest is charged only for 30 days — 3%. If you repay the loan after one month instead of three, the overpayment decreases proportionally — for example, at a rate of 0.1% per day, you pay 3% instead of 9%, saving up to 60% of the total interest. The main thing is to demand from the MFO a written calculation of the remaining debt as of the payment date when making early repayment: some organizations charge interest in advance, which is illegal under Kazakh law.
Conclusion
Let's summarize the most important things about a secured loan: what happens to your apartment, how much you actually pay, and how to avoid scammers.
Key takeaways on secured loans
- Your property stays with you: when pledging, you remain the owner of the apartment or house — you can live in it or rent it out.
- Real cost — APR: look at the annual effective rate, not the daily rate — it shows the total overpayment including all fees and insurance.
- Default does not mean losing your home: first come reminders and fines; before court, you can negotiate a payment restructuring.
- Check the MFO's legality: make sure the organization is in the register of the National Bank of Kazakhstan — this is the only protection against scammers and hidden terms.
- Early repayment is beneficial: repay the loan early without penalties — interest stops accruing on the remaining debt, and you save on overpayment.
