Araketke-Bereket

Loan Purpose

Loans are provided for all types of activities not prohibited by the legislation of the Kyrgyz Republic.

Loan Collateral

1. For mortgages: The purchased property serves as collateral. The Bank provides a loan of up to 70% of the value of the acquired property.  

2. For other loans: Collateral is required in accordance with the Bank’s Collateral Policy.

Restrictions

• Loans are issued in Kyrgyz som.  
• The deposit must be in the name of the borrower for this product.

Loan Term

• Mortgages: Up to 120 months.
• Other Loans: Up to 60 months.

Loan Currency

Kyrgyz som.

Deposit Interest Rate

Deposit funds are accrued at 3% per annum.

Deposit Type

Savings deposit

Deposit Term

- 12 months;

- 24 months;

- 36 months.

Minimum Deposit Amount

10, 000 KGS

Additional Contribution and Deposit Restrictions 

а) Minimum additional contribution: 5 000 KGS

b) Additional contribution are not accepted within 30 days  before the deposit agreement expires.

Frequency of Deposit Interest Payments

At the end of the term. In case of early termination of the deposit agreement, interest is paid at the “On Demand” deposit rate.

Interest Capitalization

Not available

Partial Deposit Withdrawal

Not permitted

Additional Conditions

1. 1. After 1 year of accumulating deposit a deposit amounting to at least 50% of the loan/ mortgage amount, the depositor may apply for a loan/mortgage at the NBKR base rate + 2%.  
2.  
3. 2. With monthly contributions for 24 months, after accumulating 50% of the loan/ mortgage amount, the depositor may apply for a loan/ mortgage at the NBKR base rate +2% upon expiration of the deposit agreement.
4.  
5. 3. After 1 year of accumulating a deposit amounting to at least 30% of the loan/mortgage amount, the depositor may apply for a loan/ mortgage amount at the NBKR rate + 4%.
6.  
7. 4. With monthly contributions for 24 months, after accumulating 30% of the loan/ mortgage amount, the depositor may apply for a loan/ mortgage at the NBKR base rate +4 % upon expiration of the deposit agreement.
8.  
9. The accumulated deposit amount is considered the initial contribution for a mortgage. The depositor may apply for a loan/mortgage within 6 months after the deposit agreement expires.

Monthly contributions at least 18 months confirm the depositor’s creditworthiness for obtaining a loan/mortgage.  

Interest Rate

• For mortgages: NBKR base rate +2% For other loans: NBKR base rate +6 %

Financing Method

-loan

Loan Amount

The maximum mortgage amount must not exceed 70% of the value of the acquired property.

Loan Repayment Schedule

Monthly annuity payments or based on cash flows.