Rental of finished housing with subsequent purchase

Requirements for participants

Participant (target group): Citizen of the Kyrgyz Republic from 21 to 70 years of age

Work experience: Total work experience of at least 2 years or at least one year of work experience in the given organization

Lack of housing**: Absence of own housing in the territory of the Kyrgyz Republic for the participant, the participant's spouse and minor children of the participant

No transactions with housing: No civil law transactions with housing throughout the Kyrgyz Republic for the last 3 years prior to the date of application for participation in the Program on the part of the participant, the participant's spouse and minor children

Priority category of citizens:

• Working in the spheres of education, health care, culture
• With a long employment history
• Having dependents with disabilities

Other: Participant's ability to pay

* Age of 21 years at the moment of application for participation in housing programs implemented by the State Mortgage Company OJSC and up to 70 years of age at the moment of repayment of the latter

** Participation in housing programs implemented by the State Mortgage Company OJSC is allowed if there is a share of less than 20 sq.m. in the housing inherited by the participant, the participant's spouse and minor children of the participant

General rental terms

Target allocation of the mortgage loan: Rental of housing with subsequent purchase from the housing stock of the State Mortgage Company, with mandatory residence of the tenant

Loan currency: Kyrgyz som

Loan term: from 5 to 25 years

Down payment: not required

Interest Rate:

4% per annum "Preferential Mortgage" (for public sector employees)

8% per annum "Affordable Mortgage" (for private sector employees)

Commission: No administration fees or other additional charges for the apartment

Guarantee: At the discretion of State Mortgage Company 

Monitoring: State Mortgage Company audits the intended use and proper maintenance of the leased property

Credit history: Positive credit history of the participant, his/her spouse and the guarantor for a period of 3 (three) years prior to the application.

Insurance: Rental housing is subject to compulsory annual insurance at the expense of the tenant.