Dear clients,
We are pleased to announce that clients now have the opportunity to obtain a mortgage loan without a down payment!
To this end, we have launched the "Demir-Kelechek" mortgage product in partnership with the JSC Guarantee Fund. The Guarantee Fund provides a down payment guarantee of up to 30%. To receive this service, you must meet the following eligibility criteria:
| Eligibility Criteria for Individual Clients: | ||
| Citizen of the Country in Which You Operate | The client must be a citizen of the Kyrgyz Republic. | |
| The client must conduct their activity within the Kyrgyz Republic. | ||
| Work Experience | The client must have at least 12 (twelve) months of continuous total work experience/entrepreneurial activity. | |
| Eligibility Criteria for Mortgage Agreements Financing Type: | ||
| Financing Type | Mortgage Financing | |
| Purpose of Mortgage Financing | Purchase of real estate (detached house, apartment in a multi-apartment residential building, apartment in a multi-apartment residential building under construction) | |
| Currency | Kyrgyz som | |
| Refinancing of current liabilities | is not permitted | |
| Warranty coverage | no more than 30% of the purchase price of the property. | |
| Mortgage financing term | no more than 180 months | |
| Mortgage financing amount | no more than 10,000,000 (ten million) soms / no more than 115,000 (one hundred fifteen thousand) US dollars | |
| Credit history requirements | Credit history for the past three years is taken into account. The total overdue debt on a single loan is no more than 50 days. The permissible duration of a single debt repayment default is no more than 10 days. | |