Mortgage "GIK" at the expense of KFW "Bek - Ustun" (Purchase of housing on the secondary market with subsequent reconstruction)

Target group:

Families with low and middle income in rural areas of the Kyrgyz Republic

Purpose of the loan:

Purchase of housing on the secondary market with subsequent reconstruction.

Territorial restrictions:

Except for Bishkek and Osh

Sources of financing:

Funds provided by KFW through the State Mortgage Company OJSC

Interest rate:

8 (eight)% per annum (effective rate from 8.6% per annum)

Loan term:

- Maximum term 15 years

- Maximum reconstruction term 12 months from the date of issuance of funds for reconstruction

Maximum financing amount:

Up to 38,700 (thirty-eight thousand seven hundred) euros, in the equivalent of the national currency

Maximum cost of the acquired housing:

The cost of the objects must not exceed 43,000 euros in the equivalent of the national currency

Mandatory own contribution of the participant:

- Not less than 20 (twenty) percent of the cost of the acquired housing, taking into account the reconstruction.

- If the participant does not have his own contribution, it is allowed to provide additional collateral in the form of real estate or provide a Mortgage Guarantee, taking into account the reconstruction.