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State Mortage Company ОJSC informs about the reduction of interest rates on newly issued loans:

03 December 2019

   State Mortage Company  ОJSC informs about the reduction of interest rates on newly  issued loans:

   From November 01/2019 according  to  the order of the Government of the Kyrgyz Republic number 17-120 dated Осtober 18, by the decision of the Management Board of the State Mortgage Company OJSC number 54 interest rates on newly issued loans were reduced :

  • If  the  borrower  makes  from 10-20 % of own contribution from the purchased housing- 8%  annual interest rate;
  • If se the  borrower  makes  from 20-30 % of own contribution from the purchased housing- 7% annual interest rate;
  • If se the  borrower  makes   30 %  or more of own contribution from the purchased housing-6% annual interest rate.

For Individual housing construction (IHC):

-10% per annum for the period of construction (18months);

-6% per annum on finishing of  housing construction

Under the mechanism of Individual Housing Construction on credit lines approved before November 01, 2019, for the issuance of subsequent tranches, the interest rate is set at 11 % per annum. After finishing of construction and commissioning of housing from 01 November 2019, the interest rate for the use cash is set at the rate of 6 (six) % per annum.