Affordable mortgage
CATEGORY OF CITIZENS
All citizens of the Kyrgyz Republic engaged in labor / economic / entrepreneurial activities in the cities of the country, regardless of the field of activity.
GENERAL CRITERIA FOR THE SELECTION OF PROGRAM PARTICIPANTS
1. Age requirement from 21 years old at the time of application for participation in the Program, and up to 70 years old at the time of repayment of the last amount of the mortgage loan or rental payments, in accordance with the planned repayment schedules;
2. The absence of the participant, spouse (wife) of the participant and minor children of the participant of their own housing in the territory of the Kyrgyz Republic;
3. The absence of the participant, spouse (wife) of the participant and minor children of the participant of any civil law transactions related to the transfer of ownership of housing throughout the territory of the Kyrgyz Republic for the last 3 (three) years prior to the date of application for participation in the Program and at the time of receipt of housing finance;
4. The presence of a total work experience of at least 2 (two) years or work experience in this organization / period of entrepreneurial / economic activity of at least 1 (one) year (unless other additional criteria are provided for individual housing products);
5. Solvency of the participant.
ADDITIONAL CRITERIA FOR THE SELECTION OF PROGRAM PARTICIPANTS
*The following additional criteria apply to receive housing finance under the products "Refinancing - Mortgage Lending through Partner Banks":
- the presence of a total work experience / period of entrepreneurial / economic activity of at least 7 (seven) years;
- the absence of housing and any civil law transactions with housing from the former spouse (wife) of the participant throughout the territory of the Kyrgyz Republic for the last 2 (two) years prior to the date of application for participation in the Program, in case of dissolution of the marriage of the participant during the last 2 (two) years.
HOUSING PRODUCTS IN THIS DIRECTION
1. Accumulative mortgage loan through a subsidiary of HCSS "NJK";
2. Refinancing - mortgage lending through partner banks*.
REQUIREMENTS FOR PURCHASED HOUSING
An apartment being purchased in an apartment building or an individual residential building at the place of employment within a radius of 60 km or within the administrative-territorial border of the region at the place of employment
Total area:
- Apartments in apartment buildings - no more than 100 sq. meters
- Individual residential buildings - no more than 200 sq. meters
Cost of housing: no more than 80,000 soms per 1 sq.m (restrictions on the maximum cost per square meter do not apply to housing put into operation within the last 10 (ten) years)
NOTES ON PROGRAM SELECTION CRITERIA
1. Participation in the housing program is allowed if the participant, spouse and minor children of the participant have a total share in housing of no more than 20 sq.m. provided that they do not have any civil law transactions related to the transfer of ownership of housing throughout the Kyrgyz Republic for the last 3 years prior to the date of application for participation in the housing program and at the time of receipt of housing financing.
2. Participation in the housing program is allowed if there is a share in housing of no more than 20 sq.m., inherited by law by the participant, the spouse of the participant and minor children of the participant. Participation in the housing program is allowed if there is a civil law transaction related to a share of no more than 20 sq.m., inherited by law by the participant, the spouse of the participant and minor children of the participant.