State Mortgage Company

State Mortgage Company

up to 15 years

Period

from 7%

Rate

up to 3 000 000 KGS

Amount

Loans via the SMC ‘Mortgage’ Program for individuals

• Purchase of housing
• Construction of housing (individual house), if a land plot is available in a settled area, where the client resides, using a mechanism of step-by-step financing.

Selection criteria:

1. Inclusion in SMC lists;
2. At least one year of experience at the last (current) place of work or a total work experience of at least 3 years;
3. Client and his/her family members should have no own housing (confirmation – certificate from the State Register);
4. Client and his/her family members should have no civil transactions with residential premises in the last 3 years prior to the date of submitting an application to participate in the Program (confirmation – certificate from the State Register);
5. Participant’s solvency;
6. The final loan repayment should be made before the age of retirement, set by law, which differs for men and women. Exceptions are cases, when the analysis shows that the client can repay the loan with other sources of family income in the form of officially confirmed salary and/or income in the form of profits from private entrepreneurial activities. Family members, whose income is taken into account in the analysis, should act as loan guarantors.
7. Initial installment is minimum 10% of the cost of purchased property. It should be made in cash to the current account of the client, opened in the Bank after the loan is approved. If the client cannot deposit these funds, additional collateral in the form of real estate can be provided;
8. KR citizens aged 21 and above; at the same time, the final loan repayment should be made before the client reaches the age of 65. This restriction also applies to family members, whose income is taken into account in the analysis;
9. It is recommended that the client and his/her family members do not have any active loans;
10. At least one guarantor with a steady income.

No history or positive credit history of the client and his/her family members, whose income is taken into account in the analysis.

Currency:

• KG Som

Loan amount:

• up to 3 000 000, but not exceeding 90% of the cost of purchased housing.

Criteria for real estate being purchased:

1. Purchased real estate should correspond to the “Minimal requirements to housing, purchased within the scope of SMC OJSC financing”
2. Total area of an apartment in apartment houses: not more than 80 sq. meters.
3. Total area of an individual house: not more than 150 sq. meters.
4. Housing purchased through mortgage should be situated within a radius of at most 60 km from a settled area, where the program participant is working.
5. The cost of 1 sq. meter of purchased real estate should not exceed KGS 60 000.
6. It is not allowed to issue a loan for purchasing property from individuals related to the client.

Interest rate:

Own input

If no own input is available and additional collateral (real estate) is provided

from10% to 20%

from 20% to 30%

from 30% and over 

%

9%

9%

8%

7%

 

 

 

Period:

• from 12 to 180 months

Сравнение

State Mortgage Company

Period
up to 15 years
Rate
from 7%
Amount
up to 3 000 000 KGS

Mortgage loan for acquiring other property of the Bank

Period
up to 7 years
Rate
from 7%
Amount
up to 15 000 000 KGS
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Monthly installment

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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 69.8000 69.9000
EUR 77.0000 77.8000
RUB 1.0950 1.1020
KZT 0.1790 0.1820
GBP 88.0000 92.0000
CNY 9.4000 10.5000
Purchase Sale
USD 69.7000 69.9000
EUR 76.6000 78.2000
RUB 1.0650 1.1200
KZT 0.1700 0.1900
GBP 82.0000 94.0000
CNY 8.9000 11.0000
FX rate
USD 69.8500
EUR 77.2820
RUB 1.0961
KZT 0.1812
GBP 91.7536
CNY 9.9320

Course listed on 11.12.2019

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