The first stage of the Accumulative Mortgage Program has been launched
Eldik Bank OJSC together with the State Mortgage Company present the social project “Accumulative Mortgage” for citizens of the Kyrgyz Republic living in the country and working abroad.
Within the framework of this program the Bank informs about the launch of the first stage of the project.
Already now the project participants can open a deposit in the bank to accumulate the amount of the down payment - 30% of the cost of real estate.
It should be noted that the procedure for purchasing housing under the “Accumulation Mortgage” includes 8 key stages. At the same time, to open a deposit it is necessary to:
- Apply to the GEC. The buyer registers in the company's e-portal and applies for the program. The GEC then checks the application for compliance with the required conditions and makes a decision on approval or rejection.
- Open a deposit with a bank. After the application is approved, the client applies to Eldik Bank branch to make a demand deposit.
- Make installments on the deposit. The client deposits funds to the bank account in accordance with the schedule in the amount of not less than 30% of the preliminary value of the apartment (within 6 months and more). Systematic replenishment of the deposit is one of the main factors confirming the solvency of the client.
It should be noted that the social mortgage project “Accumulative Mortgage” was developed on behalf of the President of the Kyrgyz Republic S. Zhaparov, in order to increase the availability of the state housing program and provide housing for citizens both living in the country and working abroad.
The launch of the second stage - lending to project participants is scheduled for the fall of 2024. The Bank will additionally notify about the launch of the next stages of the project as they are developed and approved.
For detailed information, please contact the Bank's contact center at 9111.
