Islamic Finance
Islamic window
Eldik Bank OJSC within the framework of the Islamic window runs a campaign "Affordable Islamic finance". On favorable terms you can get funds in the following areas:
- Car financing - for purchase of new and used cars (on the security of the purchased car and/or real estate).
- Mortgage: purchase of real estate (apartment, house or plot of land for construction).
- Consumer purposes - for purchase of building materials for repair and construction, furniture, household appliances, etc.
- Business development: working capital replenishment, purchase of equipment, machinery, buildings, land, etc.
- Agriculture - for purchase of cattle, fodder, seedlings, seeds, fertilizers, agricultural machinery, spare parts, consumables, raw materials for agricultural processing enterprises, etc.
Standard list of documents*:
- Passport of a Client/Guarantor/Pledgee and spouse, Certificate of marriage
- Reference from place of residence and family composition of Client/Guarantor
- Certificate from the place of employment of the Client / Co-guarantor on the salary for the last 12 months, business documents (copy of the patent or certificate of IE and taxpayer ID), other information that confirms the income
- Documents for movable/real estate provided as collateral
- Documents for purchased real estate/immovable property
- *Other documents as may be required additionally for application review.
For consultations you can contact the following departments:
Bank Contact Center 0312 / 0552 / 0755 / 0706 911 111
Islamic Window, 95 Umetalieva Street, Bishkek, (0755) 011 848 (WhatsApp)
Ysyk-Kul branch, 271 Toktogul str., Karakol, (0755) 400 163 (WhatsApp)
Kochkor branch, 33A, Isakeeva str., Kochkor village, (0755) 400 167 (WhatsApp)
Osh Branch, 124 A Kurmanjan Datka Str., Osh, (0550)012313 (WhatsApp)
OJSC "Eldik Bank" within the framework of the Islamic window presents the product "Murabaha Auto" according to Islamic principles of financing on favorable terms.
Target group: Individuals, individual entrepreneurs and legal entities
Purpose of financing: For the purchase of vehicles without mileage and from the secondary market (from 2004).
Financing currency: Kyrgyz som
- Down payment: From 20%
- Financing amount: from 20,000 soms
- Financing term: Up to 5 years
Collateral:
- Up to 2,000,000 soms - purchased vehicle (possibly another vehicle and/or real estate)
- From 2,000,001 som - real estate
Additional conditions: Vehicle insurance or surety
Early repayment: Possible (no penalties)
An example of calculating the markup and payment for a financing amount of 1,000,000 soms:
12 months
Surcharge for 12 months – 111,600 som
Monthly payment – 92,633 som
24 months
Surcharge for 24 months - 221,500 som
Monthly payment - 50,896 som
36 months
Surcharge for 36 months - 337,900 som
Monthly payment - 37,164 som
48 months
Surcharge for 48 months - 460,700 som
Monthly payment - 30,431 som
60 months
Surcharge for 60 months - 589,600 som
Monthly payment - 26,493 som
