Mortgage Loan
Is there need to keep on dreaming?
Dreams come true today!
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.
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Currency |
USD, EUR |
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Loan Amount |
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Loan Purpose |
Purchase, build or repair house |
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Collateral |
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Minimal contribution of the borrower |
Not less than 40% of the real estate price to be purchased |
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Maturity |
From 3 to 10 years |
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Interest rate |
15-20% p.a. |
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One-time interest |
1.5% |
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Repayment |
Monthly equal payments |
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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 |
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Insurance of collateral |
Required |
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Income level |
Monthly repayment of loan should not exceed 75% of net family income (Income of the family – Taxes and other deductions – Household expenses) |
