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Purchase of finished housing in Bishkek and Osh cities

Mortgage for everyone at 14% for housing purchase

FINANCING TEMPORARILY SUSPENDED

Requirements for participants

 

Participant (target group): All categories of citizens of the Kyrgyz Republic from 21 to 65 years of age* who are employed or engaged in entrepreneurial activities in Bishkek and Osh cities

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 latter

** 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 the finished housing to be purchased

Subject of the mortgage loan: 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

Basic loan terms

 

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

Loan currency: Kyrgyz som

Max. loan amount: 3 000 000 soms

Loan term: from 5 to 15 years

Down payment: minimum 20% of the value of the property purchased*

Interest rate: 14% per annum (depending on % rate on current issue of mortgage-backed securities)

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

Collateral for a loan: 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

Mortgage Calculator

Cost of purchased housing

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500 000

9 000 000

Down payment for the purchased housing

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Loan interest rate (% p.a.)

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Loan term

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5 years

15 years

Loan interest rate
Monthly payment
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Loan amount
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