The loan product is intended to pay for tuition contracts at universities, professional lyceums and private schools. It is issued by transferring the required amount to the current account of the educational institution. The borrower must be one of the student's parents or guardian (if appropriate documents are available). The student himself can act as a borrower in the presence of supporting documents on income.
| Target Group |
Individuals employed in public and private organizations, as well as engaged in entrepreneurial activities on the basis of a patent / certificate of an individual entrepreneur |
| Lending currency |
Kyrgyzstani soms |
| Requirements for the borrower |
A potential borrower must:
- Be a resident of the Kyrgyz Republic;
- Have a stable monthly income
- Salary certificates for the last 6 months, patent or self-employment certificate valid at the time of applying for a loan
|
| Purpose |
Payment for the contract of a university, college, private school or vocational school |
| Loan amount |
from 10,000 to 200,000 soms |
| Loan interest rate |
20% per annum |
| Annual effective interest rate |
from 21.94% |
| Lending term provided |
From 3 to 24 months |
| Loan repayment terms |
On a monthly basis:
- annuity payments;
- individual chart;
- quarterly chart.
|
| Loan early repayment |
Early repayment of the loan without penalty is allowed |
| Collateral |
Type of collateral
Employees of state and municipal institutions, military personnel:
- from 10,000 soms to 100,000 soms - without collateral;
- from KGS 101,000 to KGS 200,000 - guarantee of one person
|
| Requirements for a guarantor |
- Be a resident of the Kyrgyz Republic;
- Age from 25 to 70 years old;
- Have a stable monthly income;
- Possessing salary certificates for the last 6 months, holding a patent or self-employment certificate valid at the time of applying for a loan.
|
| Design review |
The following project reviews are provided:
- Check in CIB;
- Financial analysis;
|
| Constraints |
The recommended installment coverage ratio (the ratio of the balance of net profit after payment of the loan installment to the net profit in the income statement) should be at least 20%
The terms of the credit limit in exceptional cases may be changed (in such cases, the decision is made individually at the discretion of the Credit Committee)
|
| List of required documents |
For an individual:
- Copies of identity documents (passport) of the Borrower/Pledgor/Guarantor and spouses;
- Copies of training contracts;
- Certificate from the place of residence of the borrower and the guarantor, and / or an extract from the PSC on the place of registration and marital status;
- Certificate from the place of work on the salary of the borrower and the guarantor for at least the last 6 months;
- Other documents that are necessary, including for assessing the solvency of the borrower (contracts, agreements, etc.).
For private and individual entrepreneurs:
- Copies of identity documents (passport) of the Borrower/Guarantor and spouses;
- Copies of training contracts;
- Certificate from the place of residence of the borrower and the guarantor, and / or an extract from the PSC on the place of registration and marital status;
- A copy of the patent / certificate of state registration (re-registration) as an individual engaged in individual entrepreneurial activity without forming a legal entity;
- Certificate of the absence (presence) of debt from the tax authority in the implementation of individual entrepreneurial activities according to the certificate; other documents, cat others are necessary, including for assessing the solvency of the borrower (contacts, contracts, etc.) if available;
- Other documents that are required, including those for assessing the solvency of the borrower (contacts, agreements, etc.), if available.
*Consent of the spouse/and the Borrower/Guarantor or statement of marital status, without notarization is provided on the approved form - consent/statement |
