Mortgage loan for commercial purposes

Mortgage loan for commercial purposes

up to 10 years

Period

from 18%

Rate

up to KGS 20 000 000

Amount

A loan for purchasing real estate for commercial purposes (to increase fixed assets)

With the right approach and good location, commercial real estate in the form of non-residential premises, intended for doing business in all its diversity, from warehousing to trade or production, can be a highly profitable form of investment.

Target audience:

  • Individual entrepreneurs;
  • Legal entities.

Loan currency: KGS, USD, EUR, RUB

Intended use:

  1. Purchase of real estate for commercial purposes (to increase fixed assets), lease, business expansion.
  2. Purchased real estate should be marketable with regard to its location, period of construction, degree of physical wear and tear.

 

Period:

In national currency – 6 to 60 months.

In foreign currency – 6 to 120 months.

  • Borrower eligibility
  •  
  • 1. Legal entities:
  • At least 12 months of work experience
  • Registered in the KR
  • At least one guarantor with a steady income (if there are several founders, one of them should serve as a guarantor)
  • No arrears to the tax authorities and the social service department.

 

  • 2. IE (individual entrepreneurs):
  • Certificates of income from the tax authority and certificates of arrears of payments to the budget; statement from USRIE on registered types of activity; license confirming the right to engage in a registered type of activity;
  • Aged 18-55;
  • Residents or citizens of the KR;
  • Should have a steady income proven with documents;
  • At least 1 year of work experience, without the establishment of a legal entity;
  • At least one guarantor with a steady income.

 

  • Initial installment is at least 40% of the cost of purchased real estate (using acquired real estate as collateral)

Requirements for the Seller:

  • Opened current account;
  • Documents of tile and statement from the State Register;
  • Seller’s Passport and other documents according to the legislation of the KR
  • For LEs:
    1. Founding documents (state registration certificate, a document confirming state taxpayer registration (further on TIN), a document confirming registration of a legal entity in the Social Fund, statistical card, license – if the type of activity is subject to licensing, charter, Founder’s Agreement (not required, if there is only one founder), a decree (minutes of a meeting of participants, founders or shareholders – depending on the form of ownership) on appointing the head and the chief accountant, decision on establishing a limited liability company);

1.2. Copies of founders’, head’s (heads’), chief accountant’s passports;

1.3. Absence of tax arrears certificate (Social Fund, tax)

1.4  Financial statements (with the tax inspectorate mark).

 

 2. For IEs:

2.1. If the Borrower is an IE – patent or IE certificate;

2.2. Guarantor’s passport and declaration of marital status (if Guarantor is unmarried/divorced/widowed);

2.3. Guarantor’s certificate of marriage registration – submitted to confirm spousal relationship;

2.4. Spouse’s passport (if available), guarantor consent form;

2.5. As well as other documents necessary for processing a loan according to the legislation of the KR.

Management Board

Microloan

Period
up to 5 years
Rate
from 12%
Amount
up to 2 500 000 KGS

Small loans

Period
up to 5 years
Rate
from 11%
Amount
Up to 20 000 000 KGS

Corporate loans

Period
up to 5 years
Rate
from 10%
Amount
from 5 000 000 KGS

Russian-Kyrgyz Development Fund

Period
up to 5 years
Rate
from 5%
Amount
from USD 1 000 000

Mortgage loan for commercial purposes

Period
up to 10 years
Rate
from 18%
Amount
up to KGS 20 000 000

Mortgage loan for commercial purposes

Period
up to 7 years
Rate
from 7%
Amount
Up to 15 000 000 KGS
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The result of calculating a calculator is informative. Exact parameters loan will be calculated by the Bank on the results of your application.

For more information, please contact Bakai OJSC Bank".

Month Remainder Repayment Repayment % Payouts

The frequency and amount of loan payments may differ from those shown in According to terms of the loan agreement. This loan payment schedule is not a public offer and intended for reference only.

News

Foreign Exchange Rates

Purchase Sale
USD 79.2000 79.9000
EUR 83.0000 89.0000
RUB 1.0200 1.0900
KZT 0.1400 0.2000
GBP 92.0000 106.0000
CNY 9.0000 13.0000
Purchase Sale
USD 79.2000 79.9000
EUR 81.0000 92.0000
RUB 1.0000 1.1200
KZT 0.1100 0.2050
GBP 90.0000 108.0000
CNY 8.0000 14.0000
FX rate
USD 84.8713
EUR 91.6016
RUB 1.1108
KZT 0.1933
GBP 104.3917
CNY 11.9669

Course listed on 09.04.2020

Exchange rates are valid for Bishkek city. Exchange rates are valid for an amount of up to $1000 (or equivalent in other currencies), rates for amounts above$1000 are contractual