Mortgage "GIK" at the expense of KFW "Kut-Konush" (purchase of housing on the primary market)

Target group:
Low- or middle-income families in rural areas of the Kyrgyz Republic

Loan purpose:
Purchasing housing on the primary market.

Territorial restrictions:
Except Bishkek and Osh

Sources of funding:
Funds provided by KFW through OJSC State Mortgage Company

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

Loan term:
Maximum term - 15 years

Maximum financing amount:
Up to 38,700 (thirty-eight thousand seven hundred) euros, in national currency equivalent

Maximum cost of purchased housing:
The cost of objects should not exceed 43,000 euros in national currency equivalent

Mandatory participant's own contribution:
- At least 20 (twenty) percent of the cost of the purchased housing
- 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