Interest Rates:
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 |
|
Loan Term |
|
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 |
Monthly contributions at least 18 months confirm the depositor’s creditworthiness for obtaining a loan/mortgage. |
Interest Rate |
|
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. |
Grace Period | Dependent on the loan term, up to a maximum of 3 months if required. |
In case of an increase in the NBKR base rate, the interest rate for mortgages/ loans is set as follows:
Effective annual interest rate: For mortgages from 11,76%; for other loans from 16.28%.