Down Payment on a Loan | KGS | USD | Loan Term |
|---|---|---|---|
Down payment 20% to 40% |
| 10% (first 24 months) 11% (next 24 months) 12% (remaining 72 months) | to 120 months |
12% (first 24 months) 14% (next 36 months) |
| to 60 months | |
Down payment 50% and up |
| 8% (first 24 months) 9% (next 24 months) 10% (remaining 72 months) | to 120 months |
10% (first 24 months) 12% (next 36 months) |
| to 60 months | |
Additional collateral (with no down payment) |
| 12% (first 24 months) 13% (next 24 months) 14% (remaining 72 months) | to 120 months |
14% (first 24 months) 16% (next 36 months) |
| to 60 months |
*Effective interest rate from 8,36% per annum.
Who can qualify:
Individuals with at least of 1 year of work experience. Individual (private) entrepreneurs and legal entities with a stable business, operating for at least 6 months (continuously) at the time of loan application.
Loan currency:soms and U.S. dollars
Minimum amount:from 1,000 USD / 75,000 soms and over
Purpose: purchase of real estate acquired as seized property by the Bank
Term of the loan: 3 months to 120 months
Collateral:
1. Real estate
2. Motor vehicles (cars, trucks, passengers)
3.Personal items
4. Equipment (including containers and pavilions)
5. Goods for sale
6. Guarantee
7. Other types of collateral that meet the bank's requirements and approved by the Loan Committee
Loan repayment schedule:
- Monthly, principal and interest in annuity payments
- Monthly, the main debt in equal installments, interest on the fact of credit use
- Flexible schedule (in some cases), principal and interest depending on the seasonality of the given business
- Other types of repayment as per Loan Committee decision
Requirement for borrowers:
- Age from 21 to 65 years old
- Be a citizen of the Kyrgyz Republic
- Have a permanent documented income
List of required documents according to the bank's IRD
Follow the link to see the list of the bank owned property being sold
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