KICB

Mortgage
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.
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)