Individuals
KICB offers a wonderful opportunity to purchase a house or an apartment TODAY on exceptional terms.
The most convenient way to purchase housing is MORTGAGE LOAN. This is a unique opportunity for you to attain housing of your dreams.
What is the convenience of Mortgage Loan?
- You move to your new house or apartment today, but pay gradually later.
- The mortgage loan is a long-term facility.
- There is no need to attempt saving money for ages to purchase housing.
- Mortgage interest rates are lower than rates for regular commercial loans.
- Fixed regular payments allow consistent budgeting.
- The purchased housing itself stands for collateral. Additional collateral is needed in rare cases.
Terms and conditions
|
Currency |
USD, EUR |
|
Loan Amount |
|
|
Loan Purpose |
Purchase, build or repair house |
|
Collateral |
|
|
Minimal contribution of the borrower |
Not less than 40% of the real estate price to be purchased |
|
Maturity |
From 3 to 10 years |
|
Interest rate |
15-20% p.a. |
|
One-time interest |
1.5% |
|
Repayment |
Monthly equal payments |
|
Early repayment |
During first 2 years – penalty fee is 5% of repaid amount After 2 years – no penalties, if the credit is repaid using own funds |
|
Insurance of collateral |
Required |
|
Income level |
Monthly repayment of loan should not exceed 75% of net family income (Income of the family – Taxes and other deductions – Household expenses) |
*- Effective interest rate from 18,12%
Calculator *
| Loan Currency | Monthly income | ||||
| Price of housing | Own contribution | ||||
| Rate | Tensure |
