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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.
  • In addition to the loan, you can receive overdraft card with limit up to 2 monthly installments. It does not require additional collateral.

Terms and conditions

Currency

USD

Loan Amount

  • $5000-$150 000
  • Depends on income level and collateral value
  • Loan amount cannot exceed 60% of collateral market value

Loan Purpose

Purchase, build or repair house

Collateral

  • Real estate to be purchased
  • Location: Bishkek, Osh, Jalalabat, Karakol, Tokmok, Naryn, Cholpon-Ata + improved suburbs.

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

17%-21,5% p.a.      

One-time interest

1.5%

Repayment

Monthly equal payments

Early repayment

During first 1 years – penalty fee is 5% of repaid amount

After 1 years – no penalties, if the credit is repaid using own funds

Insurance of collateral

Required

Income level

Monthly repayment of loan should not exceed 50% of net family income (Income of the family – Taxes and other deductions – Household expenses)

 

In addition to the loan, you can receive overdraft card with limit up to 2 monthly installments. It does not require additional collateral.

 


      *- Effective interest rate from 19.32%

Calculator *

*Calculations provided in the given calculator are of demo-version and may slightly differ from real payments in the provided type of loan.
Loan Currency Monthly income
Price of housing Own contribution
Rate Tensure