Purchase of finished housing

Requirements for participants

Participant (target group): Citizen of the Kyrgyz Republic from 21 to 65 years of age* employed by an organization funded from the state or municipal budget

Work experience: Total work experience of at least 3 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

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 65 years of age at the moment of repayment  of the last payment amount

** Participation in housing programs implemented by the State Mortgage Company OJSC is allowed if there is a share of less than 12 sq.m. in the housing inherited by the participant, the participant's spouse and minor children of the participant

Requirements for purchased housing

Collateral: Apartment in an apartment building or an individual residential building at the place of employment within a radius of 60 km

Total area:

• Apartments in apartment buildings - no more than 80 square meters
• Individual residential houses - no more than 150 square meters

Cost of housing: no more than 60,000 soms per 1 sq.m.

Basic loan terms

Target allocation of the mortgage loan: Purchase of housing, residence in which is a mandatory condition

Loan currency: Kyrgyz som

Max. loan amount: 3 000 000

Loan term: from 5 to 15 years    

Down payment*: minimum 10% of the value of the new housing to be purchased

Interest rate::

• Down payment from 10 to 20% - 8% per annum
• Down payment from 20 to 30% - 7% per annum
• Down payment from 30% and more - 6% per annum

Commission: Absence of any commission for administration of the mortgage loan and other additional fees

Loan security: Finished housing purchased under a mortgage loan

Insurance: Acquired housing is subject to compulsory annual insurance

*In the absence of the down payment, it is possible to provide additional collateral at the discretion of the partner bank of the State Mortgage Company OJSC